Casselberry, FL Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Casselberry, FL Housing Market Trends

With a population of 28,757, 11,569 total housing units (homes and apartments), and a median house value of $236,287, Casselberry real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Casselberry, accounting for 38.86% of the city's housing units. Other types of housing that are prevalent in Casselberry include large apartment complexes or high rise apartments ( 29.55%), row houses and other attached homes ( 13.27%), and a few mobile homes or trailers ( 10.52%).

People in Casselberry primarily live in small (one, two or no bedroom) single-family detached homes. Casselberry has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Casselberry 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 Casselberry built between 1940-1969 ( 19.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.97%).

Vacant housing appears to be an issue in Casselberry. Fully 10.56% of the housing stock is classified as vacant. Left unchecked, vacant Casselberry homes and apartments can be a drag on the real estate market, holding Casselberry 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.

Casselberry Home Appreciation Rates

In the last 10 years, Casselberry has experienced some of the highest home appreciation rates of any community in the nation. Casselberry real estate appreciated 115.58% over the last ten years, which is an average annual home appreciation rate of 7.98%, putting Casselberry in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Casselberry definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Casselberry's appreciation rate, at 9.56%, has been at or slightly above the national average. In the latest quarter, Casselberry's appreciation rate has been 3.15%, which annualizes to a rate of 13.20%.

Relative to Florida, our data show that Casselberry's latest annual appreciation rate is lower than 60% 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 Casselberry differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Casselberry - 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 Casselberry real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$236,287

Casselberry, FL HOME PRICES

> $1,322,000
0.1%
0.1%
$991,001 - $1,322,000
0.1%
0.1%
$661,001 - $991,000
1.4%
1.4%
$529,001 - $661,000
1.7%
1.7%
$397,001 - $529,000
7.7%
7.7%
$264,001 - $397,000
26.9%
26.9%
$132,001 - $264,000
41.6%
41.6%
$66,001 - $132,000
13.0%
13.0%
$0 - $66,000
7.5%
7.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
11,569

Casselberry Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
136.45% 4.08%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,699 / per month

Homeownership Rate

Owners
55.2%
55.2%
Renters
44.8%
44.8%
Vacant
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.0%
10.0%
1970 - 1999
70.6%
70.6%
1940 - 1969
19.2%
19.2%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.9%
38.9%
Townhomes
13.3%
13.3%
Small Apt. Buildings
7.7%
7.7%
Apt. Complexes
29.5%
29.5%
Mobile Homes
10.5%
10.5%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
14.5%
14.5%
2 Bedrooms
38.0%
38.0%
3 Bedrooms
34.0%
34.0%
4 Bedrooms
10.9%
10.9%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES