Casselberry, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Casselberry, FL Real Estate Data


Casselberry Housing Market Information

With a population of 27,056, 10,496 total housing units (homes and apartments), and a median house value of $168,876, Casselberry real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Casselberry, accounting for 43.33% of the city's housing units. Other types of housing that are prevalent in Casselberry include large apartment complexes or high rise apartments ( 27.69%), row houses and other attached homes ( 11.93%), and a few mobile homes or trailers ( 10.54%).

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 ( 18.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.96%).

Vacant housing appears to be an issue in Casselberry. Fully 17.21% 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

Homes have actually lost value in Casselberry over the last then years, as home values have seen a decline of 24.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Casselberry home appreciation rates at 2.25%, which equates to an annual appreciation rate of 9.33%.

Appreciation rates are so strong in Casselberry that despite a nationwide downturn in the housing market, Casselberry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Casselberry appreciation rates continue to be some of the highest in America, at 8.47%, which is higher than appreciation rates in 93.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Casselberry. Casselberry appreciation rates in the latest quarter were at 2.25%, which equates to an annual appreciation rate of 9.33%.

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:
$168,876

Casselberry, FL HOME PRICES

Value Range
> $1,381,000 0.3
$1,036,001 - $1,381,000 0.0
$691,001 - $1,036,000 0.6
$553,001 - $691,000 0.9
$414,001 - $553,000 3.0
$276,001 - $414,000 12.6
$138,001 - $276,000 46.1
$69,001 - $138,000 21.4
$0 - $69,000 14.9

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
43.1281841072788 60.2564102564103

Number Of Homes And Apartments:
10,496

Rent & Ownership

 

Average Market Rent:
$1,331 / per month

Homeownership Rate

Homeownership
Owners 61.65
Renters 38.35
Vacant 17.21

Housing Market Details

 

Age of Homes

AGE OF Casselberry HOMES
2000 or Newer 8.0
1970 - 1999 73.5
1940 - 1969 18.5
1939 or Older 0.1

Types of Homes

TYPE OF Casselberry HOMES
Single-Family 43.3
Townhomes 11.9
Small Apt. Buildings 6.5
Apt. Complexes 27.7
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Casselberry HOMES
No Bedroom 1.09
1 Bedroom 15.38
2 Bedrooms 33.55
3 Bedrooms 37.23
4 Bedrooms 11.68
5 or more bedrooms 1.07

Casselberry 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
59.31% 2.78% 4 7
* 10 is highest