Bushnell, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bushnell Neighborhoods Since 2000




Bushnell, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bushnell Housing Market Information

With 2,995 people, 1,151 houses or apartments, and a median cost of homes of $76,900, house prices in Bushnell are some of the most affordable in Florida as well as the nation.

Mobile homes or trailers are the single most common housing type in Bushnell, accounting for 49.91% of the city's housing units. Other types of housing that are prevalent in Bushnell include single-family detached homes ( 33.69%), duplexes, homes converted to apartments or other small apartment buildings ( 7.55%), and a few row houses and other attached homes ( 2.85%).

Dwellings in Bushnell tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 68.51% of the homes in Bushnell have two or fewer bedrooms.

There is a lot of housing in Bushnell built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bushnell built between 2000 and later ( 22.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.02%). There's also some housing in Bushnell built before 1939 ( 3.15%).

Vacant housing appears to be an issue in Bushnell. Fully 31.61% of the housing stock is classified as vacant. Left unchecked, vacant Bushnell homes and apartments can be a drag on the real estate market, holding Bushnell real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bushnell Home Appreciation Rates

Bushnell's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bushnell during the period has been just -1.07%, which is lower than 70% of US communities.

Over the last year, Bushnell appreciation rates have trailed the rest of the nation. In the last twelve months, Bushnell's appreciation rate has been 1.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bushnell were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Florida, our data show that Bushnell's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bushnell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bushnell - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bushnell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$76,900

Bushnell, FL HOME PRICES

Value Range
> $1,066,000 1.2
$800,001 - $1,066,000 0.6
$533,001 - $800,000 1.7
$426,001 - $533,000 1.6
$320,001 - $426,000 2.6
$213,001 - $320,000 8.5
$107,001 - $213,000 22.0
$53,001 - $107,000 27.2
$0 - $53,000 34.5

Very Low for FL
Very Low for Nation

Value Relative to Nation Value Relative to State
92.300480487519 99.3589743589744

Number Of Homes And Apartments:
1,151

Bushnell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
60.74% 2.79% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 65.81
Renters 34.19
Vacant 31.61

Housing Market Details

 

Age of Homes

AGE OF Bushnell HOMES
2000 or Newer 22.1
1970 - 1999 66.7
1940 - 1969 8.0
1939 or Older 3.1

Types of Homes

TYPE OF Bushnell HOMES
Single-Family 33.7
Townhomes 2.9
Small Apt. Buildings 7.5
Apt. Complexes 0.7
Mobile Homes 49.9
Other 5.3

Home Size

SIZE OF Bushnell HOMES
No Bedroom 2.61
1 Bedroom 31.19
2 Bedrooms 34.70
3 Bedrooms 30.01
4 Bedrooms 1.49
5 or more bedrooms 0.00