Coleman, 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

Coleman, FL Housing Market Trends

With a population of 911, 271 total housing units (homes and apartments), and a median house value of $256,493, Coleman real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Coleman, accounting for 68.48% of the city's housing units. Other types of housing that are prevalent in Coleman include mobile homes or trailers ( 28.80%), duplexes, homes converted to apartments or other small apartment buildings ( 2.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coleman. Owner-occupied housing accounts for 71.96% of Coleman's homes, and 63.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coleman 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 Coleman built between 1940-1969 ( 27.21%). A lesser amount of the housing stock also hails from before 1939 ( 10.66%). There's also some housing in Coleman built between 2000 and later ( 5.67%).

Vacant housing appears to be an issue in Coleman. Fully 38.55% of the housing stock is classified as vacant. Left unchecked, vacant Coleman homes and apartments can be a drag on the real estate market, holding Coleman 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.

Coleman Home Appreciation Rates

In the last 10 years, Coleman has experienced some of the highest home appreciation rates of any community in the nation. Coleman real estate appreciated 70.87% over the last ten years, which is an average annual home appreciation rate of 5.50%, putting Coleman in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coleman definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Coleman appreciation rates have trailed the rest of the nation. In the last twelve months, Coleman's appreciation rate has been 4.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coleman were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Notably, Coleman's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Coleman's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$256,493

Coleman, FL HOME PRICES

> $1,329,000
0.7%
0.7%
$997,001 - $1,329,000
0.4%
0.4%
$665,001 - $997,000
1.3%
1.3%
$532,001 - $665,000
4.8%
4.8%
$399,001 - $532,000
11.0%
11.0%
$266,001 - $399,000
19.3%
19.3%
$133,001 - $266,000
27.7%
27.7%
$66,001 - $133,000
19.0%
19.0%
$0 - $66,000
15.9%
15.9%
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:
271

Coleman 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
165.63% 4.65%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$971 / per month

Homeownership Rate

Owners
72.0%
72.0%
Renters
28.0%
28.0%
Vacant
38.5%
38.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.7%
5.7%
1970 - 1999
56.5%
56.5%
1940 - 1969
27.2%
27.2%
1939 or Older
10.7%
10.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.5%
68.5%
Townhomes
0.7%
0.7%
Small Apt. Buildings
2.0%
2.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
28.8%
28.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
4.8%
4.8%
2 Bedrooms
30.4%
30.4%
3 Bedrooms
51.2%
51.2%
4 Bedrooms
12.5%
12.5%
5 or more bedrooms
1.1%
1.1%
0.0% 100.0%
% OF HOMES