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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Crescent City, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Crescent City, FL Housing Market Trends

With a population of 1,676, 712 total housing units (homes and apartments), and a median house value of $224,699, 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 70.00% 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 ( 21.35%), mobile homes or trailers ( 6.07%), and a few large apartment complexes or high rise apartments ( 2.02%).

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.

There is a lot of housing in Crescent City 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 Crescent City built between 1940-1969 ( 33.37%). A lesser amount of the housing stock also hails from before 1939 ( 17.53%). There's also some housing in Crescent City built between 2000 and later ( 3.60%).

Vacant housing appears to be an issue in Crescent City. Fully 20.00% 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

In the last 10 years, Crescent City has experienced some of the highest home appreciation rates of any community in the nation. Crescent City real estate appreciated 158.86% over the last ten years, which is an average annual home appreciation rate of 9.98%, putting Crescent City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Crescent City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Crescent City that despite a nationwide downturn in the housing market, Crescent City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crescent City appreciation rates continue to be some of the highest in America, at 7.37%, which is higher than appreciation rates in 78.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crescent City. Crescent City appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.68%.

Relative to Florida, our data show that Crescent City's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$224,699

Crescent City, FL Home Prices
> $1,472,000
$1,104,001 - $1,472,000
$735,001 - $1,104,000
$589,001 - $735,000
$441,001 - $589,000
$294,001 - $441,000
$147,001 - $294,000
$74,001 - $147,000
$0 - $74,000
1.2%
1.2%
2.7%
2.7%
2.6%
2.6%
7.2%
7.2%
3.9%
3.9%
17.8%
17.8%
39.2%
39.2%
15.1%
15.1%
10.3%
10.3%
0% 100.0%
% of Homes
Low

for Florida

Average

for nation

Number of Homes And Apartments:

712

Crescent City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,218 / per month

Homeownership Rate

Owners
Renters
57.6%
57.6%
42.4%
42.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.0%
20.0%
80.0%
80.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.6%
3.6%
45.5%
45.5%
33.4%
33.4%
17.5%
17.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.0%
70.0%
0.6%
0.6%
21.3%
21.3%
2.0%
2.0%
6.1%
6.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
13.1%
13.1%
38.4%
38.4%
35.4%
35.4%
11.8%
11.8%
0.8%
0.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Crescent City

Zip Codes in Crescent City, FL