Coconut Creek, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Coconut Creek Neighborhoods Since 2000




Coconut Creek, 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

Coconut Creek Housing Market Information

With 59,302 people, 22,113 houses or apartments, and a median cost of homes of $289,199, Coconut Creek real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Coconut Creek, accounting for 54.38% of the city's housing units. Other types of housing that are prevalent in Coconut Creek include single-family detached homes ( 28.31%), duplexes, homes converted to apartments or other small apartment buildings ( 6.29%), and a few mobile homes or trailers ( 5.53%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Dwellings in Coconut Creek tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.60% of the homes in Coconut Creek have two or fewer bedrooms.

There is a lot of housing in Coconut Creek 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 Coconut Creek built between 2000 and later ( 15.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.07%).

Vacant housing appears to be an issue in Coconut Creek. Fully 15.92% of the housing stock is classified as vacant. Left unchecked, vacant Coconut Creek homes and apartments can be a drag on the real estate market, holding Coconut Creek 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.

Coconut Creek Home Appreciation Rates

Coconut Creek's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coconut Creek during the period has been just -2.06%, which is lower than 80% of US communities.

Appreciation rates are so strong in Coconut Creek that despite a nationwide downturn in the housing market, Coconut Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coconut Creek appreciation rates continue to be some of the highest in America, at 6.19%, which is higher than appreciation rates in 75.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coconut Creek. Coconut Creek appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Coconut Creek 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 Coconut Creek's latest annual appreciation rate is lower than 70% 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 Coconut Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coconut Creek - 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 Coconut Creek real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$289,199

Coconut Creek, FL HOME PRICES

Value Range
> $1,387,000 0.2
$1,040,001 - $1,387,000 0.2
$693,001 - $1,040,000 0.7
$555,001 - $693,000 2.6
$416,001 - $555,000 12.8
$277,001 - $416,000 32.7
$139,001 - $277,000 20.6
$69,001 - $139,000 22.3
$0 - $69,000 7.9

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
17.3913043478261 27.991452991453

Number Of Homes And Apartments:
22,113

Coconut Creek 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
98.32% 4.05% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,637 / per month

Homeownership Rate

Homeownership
Owners 66.29
Renters 33.71
Vacant 15.92

Housing Market Details

 

Age of Homes

AGE OF Coconut Creek HOMES
2000 or Newer 15.0
1970 - 1999 81.7
1940 - 1969 3.1
1939 or Older 0.2

Types of Homes

TYPE OF Coconut Creek HOMES
Single-Family 28.3
Townhomes 5.5
Small Apt. Buildings 6.3
Apt. Complexes 54.4
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Coconut Creek HOMES
No Bedroom 0.83
1 Bedroom 11.59
2 Bedrooms 48.18
3 Bedrooms 28.23
4 Bedrooms 10.11
5 or more bedrooms 1.06