Casselberry, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Casselberry Neighborhoods Since 2000




Casselberry, 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

Casselberry Housing Market Information

With 27,056 people, 10,694 houses or apartments, and a median cost of homes of $171,169, 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 42.28% of the city's housing units. Other types of housing that are prevalent in Casselberry include large apartment complexes or high rise apartments ( 27.56%), row houses and other attached homes ( 12.11%), and a few mobile homes or trailers ( 10.46%).

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 ( 18.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.83%).

Vacant housing appears to be an issue in Casselberry. Fully 16.85% 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 20.09% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Casselberry home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

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 11.96%, which is higher than appreciation rates in 97.39% 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 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Casselberry one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Casselberry's latest annual appreciation rate is higher than 80% 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:
$171,169

Casselberry, FL HOME PRICES

Value Range
> $1,414,000 0.4
$1,060,001 - $1,414,000 0.0
$706,001 - $1,060,000 0.7
$565,001 - $706,000 1.1
$424,001 - $565,000 3.0
$283,001 - $424,000 13.1
$141,001 - $283,000 43.1
$71,001 - $141,000 24.0
$0 - $71,000 14.6

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
41.2340325793976 57.9059829059829

Number Of Homes And Apartments:
10,694

Casselberry 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
70.09% 3.13% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,264 / per month

Homeownership Rate

Homeownership
Owners 60.02
Renters 39.98
Vacant 16.85

Housing Market Details

 

Age of Homes

AGE OF Casselberry HOMES
2000 or Newer 8.8
1970 - 1999 72.6
1940 - 1969 18.3
1939 or Older 0.3

Types of Homes

TYPE OF Casselberry HOMES
Single-Family 42.3
Townhomes 12.1
Small Apt. Buildings 7.6
Apt. Complexes 27.6
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Casselberry HOMES
No Bedroom 1.55
1 Bedroom 15.59
2 Bedrooms 36.57
3 Bedrooms 34.87
4 Bedrooms 10.51
5 or more bedrooms 0.92