Bushnell, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bushnell, FL Real Estate Data


Bushnell Housing Market Information

With a population of 2,995, 1,134 total housing units (homes and apartments), and a median house value of $101,882, house prices in Bushnell are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Bushnell, accounting for 50.09% of the city's housing units. Other types of housing that are prevalent in Bushnell include single-family detached homes ( 33.20%), duplexes, homes converted to apartments or other small apartment buildings ( 7.58%), and a few row houses and other attached homes ( 3.50%).

Dwellings in Bushnell tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 67.66% 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 ( 19.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.80%). There's also some housing in Bushnell built before 1939 ( 2.87%).

Vacant housing appears to be an issue in Bushnell. Fully 34.87% 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 -1.43%, which is lower than 80% 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 1.90%, 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 1.61%, which equates to an annual appreciation rate of 6.58%.

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:
$101,882

Bushnell, FL HOME PRICES

Value Range
> $1,185,000 1.0
$889,001 - $1,185,000 0.4
$592,001 - $889,000 0.8
$474,001 - $592,000 1.3
$355,001 - $474,000 2.4
$237,001 - $355,000 8.8
$118,001 - $237,000 24.1
$60,001 - $118,000 25.1
$0 - $60,000 36.2

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
77.6307313931018 92.5213675213675

Number Of Homes And Apartments:
1,134

Rent & Ownership

 

Average Market Rent:
$867 / per month

Homeownership Rate

Homeownership
Owners 65.27
Renters 34.73
Vacant 34.87

Housing Market Details

 

Age of Homes

AGE OF Bushnell HOMES
2000 or Newer 19.5
1970 - 1999 66.8
1940 - 1969 10.8
1939 or Older 2.9

Types of Homes

TYPE OF Bushnell HOMES
Single-Family 33.2
Townhomes 3.5
Small Apt. Buildings 7.6
Apt. Complexes 2.4
Mobile Homes 50.1
Other 3.2

Home Size

SIZE OF Bushnell HOMES
No Bedroom 1.72
1 Bedroom 30.21
2 Bedrooms 35.73
3 Bedrooms 29.81
4 Bedrooms 1.90
5 or more bedrooms 0.63

Bushnell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.00% 2.61% 3 7
* 10 is highest