Crescent City, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Crescent City Neighborhoods Since 2000




Crescent City, 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

Crescent City Housing Market Information

With a population of 1,540, 725 total housing units (homes and apartments), and a median house value of $97,720, house prices in Crescent City are solidly below the national average.

Single-family detached homes are the single most common housing type in Crescent City, accounting for 76.46% of the city's housing units. Other types of housing that are prevalent in Crescent City include duplexes, homes converted to apartments or other small apartment buildings ( 13.87%), mobile homes or trailers ( 4.11%), and a few large apartment complexes or high rise apartments ( 3.91%).

People in Crescent City primarily live in small (one, two or no bedroom) single-family detached homes. Crescent City has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Crescent City's housing was primarily built during this period, from the '40s through the '60s. A full 40.29% of the city's housing hails from this era. Other housing ages represented in Crescent City include homes built between 1970-1999 ( 37.10%) and housing constructed before 1939 ( 20.76%). There's also some housing in Crescent City built between 2000 and later ( 1.85%).

Vacant housing appears to be an issue in Crescent City. Fully 25.49% of the housing stock is classified as vacant. Left unchecked, vacant Crescent City homes and apartments can be a drag on the real estate market, holding Crescent City 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.

Crescent City Home Appreciation Rates

Homes have actually lost value in Crescent City over the last then years, as home values have seen a decline of 23.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crescent City home appreciation rates at 1.20%, which equates to an annual appreciation rate of 4.89%.

Over the last year, Crescent City appreciation rates have trailed the rest of the nation. In the last twelve months, Crescent City's appreciation rate has been 0.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crescent City were at 1.20%, which equates to an annual appreciation rate of 4.89%.

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

Average Home Values

 

Median Home Value:
$97,720

Crescent City, FL HOME PRICES

Value Range
> $1,189,000 1.7
$892,001 - $1,189,000 0.0
$594,001 - $892,000 0.0
$476,001 - $594,000 0.0
$357,001 - $476,000 3.5
$238,001 - $357,000 10.7
$119,001 - $238,000 18.3
$59,001 - $119,000 32.6
$0 - $59,000 33.3

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
79.0636352982538 90.5982905982906

Number Of Homes And Apartments:
725

Crescent City 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
79.07% 3.44% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$587 / per month

Homeownership Rate

Homeownership
Owners 58.07
Renters 41.93
Vacant 25.49

Housing Market Details

 

Age of Homes

AGE OF Crescent City HOMES
2000 or Newer 1.8
1970 - 1999 37.1
1940 - 1969 40.3
1939 or Older 20.8

Types of Homes

TYPE OF Crescent City HOMES
Single-Family 76.5
Townhomes 1.6
Small Apt. Buildings 13.9
Apt. Complexes 3.9
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Crescent City HOMES
No Bedroom 3.80
1 Bedroom 8.74
2 Bedrooms 39.47
3 Bedrooms 37.00
4 Bedrooms 9.76
5 or more bedrooms 1.23

Popular Neighborhoods in Crescent City

Zip Codes in Crescent City, FL