Clermont, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Clermont Neighborhoods Since 2000




Clermont, 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

Clermont Housing Market Information

With 32,390 people, 11,007 houses or apartments, and a median cost of homes of $234,457, Clermont real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Clermont, accounting for 73.68% of the city's housing units. Other types of housing that are prevalent in Clermont include large apartment complexes or high rise apartments ( 16.62%), row houses and other attached homes ( 4.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clermont. Owner-occupied housing accounts for 70.97% of Clermont's homes, and 50.00% have either three or four bedrooms, which is average sized relative to America.

Clermont homes and real estate are some of the newest in America. 63.20% of Clermont's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Clermont real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.72%), and between 1940-1969 ( 7.82%). There's also some housing in Clermont built before 1939 ( 2.26%).

Vacant housing appears to be an issue in Clermont. Fully 12.78% of the housing stock is classified as vacant. Left unchecked, vacant Clermont homes and apartments can be a drag on the real estate market, holding Clermont 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.

Clermont Home Appreciation Rates

Homes have actually lost value in Clermont over the last then years, as home values have seen a decline of 25.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Clermont home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

Appreciation rates are so strong in Clermont that despite a nationwide downturn in the housing market, Clermont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clermont appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 90.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clermont. Clermont appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Clermont 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 Clermont's latest annual appreciation rate is higher than 50% 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 Clermont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clermont - 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 Clermont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$234,457

Clermont, FL HOME PRICES

Value Range
> $1,361,000 1.4
$1,021,001 - $1,361,000 0.9
$681,001 - $1,021,000 1.6
$545,001 - $681,000 1.4
$408,001 - $545,000 6.8
$272,001 - $408,000 21.7
$136,001 - $272,000 53.1
$68,001 - $136,000 9.7
$0 - $68,000 3.5

High for FL
High for Nation

Value Relative to Nation Value Relative to State
24.9853509902731 35.8974358974359

Number Of Homes And Apartments:
11,007

Clermont 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
47.90% 2.29% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,476 / per month

Homeownership Rate

Homeownership
Owners 70.97
Renters 29.03
Vacant 12.78

Housing Market Details

 

Age of Homes

AGE OF Clermont HOMES
2000 or Newer 63.2
1970 - 1999 26.7
1940 - 1969 7.8
1939 or Older 2.3

Types of Homes

TYPE OF Clermont HOMES
Single-Family 73.7
Townhomes 4.2
Small Apt. Buildings 3.6
Apt. Complexes 16.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Clermont HOMES
No Bedroom 0.08
1 Bedroom 7.61
2 Bedrooms 35.86
3 Bedrooms 29.33
4 Bedrooms 20.67
5 or more bedrooms 6.45