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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,089, 1,232 total housing units (homes and apartments), and a median house value of $132,650, house prices in Crystal River are solidly below the national average.
Single-family detached homes are the single most common housing type in Crystal River, accounting for 65.55% of the city's housing units. Other types of housing that are prevalent in Crystal River include large apartment complexes or high rise apartments ( 13.94%), duplexes, homes converted to apartments or other small apartment buildings ( 12.62%), and a few mobile homes or trailers ( 6.58%).
People in Crystal River primarily live in small (one, two or no bedroom) single-family detached homes. Crystal River has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Crystal River 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 Crystal River built between 1940-1969 ( 32.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.77%). There's also some housing in Crystal River built before 1939 ( 5.36%).
Vacant housing appears to be an issue in Crystal River. Fully 39.96% of the housing stock is classified as vacant. Left unchecked, vacant Crystal River homes and apartments can be a drag on the real estate market, holding Crystal River 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.
Homes have actually lost value in Crystal River over the last then years, as home values have seen a decline of 26.83% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crystal River home appreciation rates at 2.96%, which equates to an annual appreciation rate of 12.39%.
Appreciation rates are so strong in Crystal River that despite a nationwide downturn in the housing market, Crystal River real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crystal River appreciation rates continue to be some of the highest in America, at 12.20%, which is higher than appreciation rates in 97.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crystal River. Crystal River appreciation rates in the latest quarter were at 2.96%, which equates to an annual appreciation rate of 12.39%.
Importantly, this makes Crystal River 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 Crystal River's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.
|$948,001 - $1,263,000||2.9|
|$632,001 - $948,000||0.7|
|$505,001 - $632,000||1.5|
|$379,001 - $505,000||5.0|
|$253,001 - $379,000||12.6|
|$127,001 - $253,000||34.1|
|$63,001 - $127,000||30.0|
|$0 - $63,000||12.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Crystal River HOMES|
|2000 or Newer||10.8|
|1970 - 1999||51.9|
|1940 - 1969||32.0|
|1939 or Older||5.4|
|TYPE OF Crystal River HOMES|
|Small Apt. Buildings||12.6|
|SIZE OF Crystal River HOMES|
|5 or more bedrooms||0.63|