Crestview, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Crestview Neighborhoods Since 2000




Crestview, 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

Crestview Housing Market Information

With a population of 23,270, 7,983 total housing units (homes and apartments), and a median house value of $193,331, Crestview real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Crestview, accounting for 78.10% of the city's housing units. Other types of housing that are prevalent in Crestview include large apartment complexes or high rise apartments ( 12.50%), duplexes, homes converted to apartments or other small apartment buildings ( 5.50%), and a few row houses and other attached homes ( 3.63%).

The most prevalent building size and type in Crestview are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.43% owning and 44.57% renting.

Crestview homes and real estate are some of the newest in America. 43.25% of Crestview'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 Crestview real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.23%), and between 1940-1969 ( 18.89%).

Vacant housing appears to be an issue in Crestview. Fully 15.27% of the housing stock is classified as vacant. Left unchecked, vacant Crestview homes and apartments can be a drag on the real estate market, holding Crestview 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.

Crestview Home Appreciation Rates

Homes have actually lost value in Crestview over the last then years, as home values have seen a decline of 21.42% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crestview home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.41%.

Appreciation rates are so strong in Crestview that despite a nationwide downturn in the housing market, Crestview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crestview appreciation rates continue to be some of the highest in America, at 11.11%, which is higher than appreciation rates in 96.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crestview. Crestview appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.41%.

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

Average Home Values

 

Median Home Value:
$193,331

Crestview, FL HOME PRICES

Value Range
> $1,185,000 0.5
$889,001 - $1,185,000 0.2
$592,001 - $889,000 1.0
$474,001 - $592,000 1.4
$355,001 - $474,000 5.4
$237,001 - $355,000 21.2
$118,001 - $237,000 48.9
$60,001 - $118,000 17.4
$0 - $60,000 3.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
33.9153873198172 48.0769230769231

Number Of Homes And Apartments:
7,983

Crestview 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
49.23% 2.35% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,321 / per month

Homeownership Rate

Homeownership
Owners 55.43
Renters 44.57
Vacant 15.27

Housing Market Details

 

Age of Homes

AGE OF Crestview HOMES
2000 or Newer 43.2
1970 - 1999 37.2
1940 - 1969 18.9
1939 or Older 0.6

Types of Homes

TYPE OF Crestview HOMES
Single-Family 78.1
Townhomes 3.6
Small Apt. Buildings 5.5
Apt. Complexes 12.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Crestview HOMES
No Bedroom 0.85
1 Bedroom 5.69
2 Bedrooms 19.79
3 Bedrooms 52.79
4 Bedrooms 18.91
5 or more bedrooms 1.96