Crystal River, FL Housing Market Trends
With 3,514 people, 1,551 houses or apartments, and a median cost of homes of $261,034, 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 52.11% of the city's housing units. Other types of housing that are prevalent in Crystal River include duplexes, homes converted to apartments or other small apartment buildings ( 16.38%), mobile homes or trailers ( 15.51%), and a few large apartment complexes or high rise apartments ( 12.25%).
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 ( 15.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.78%). There's also some housing in Crystal River built before 1939 ( 2.33%).
Vacant housing appears to be an issue in Crystal River. Fully 24.60% 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.
Crystal River Home Appreciation Rates
In the last 10 years, Crystal River has experienced some of the highest home appreciation rates of any community in the nation. Crystal River real estate appreciated 173.20% over the last ten years, which is an average annual home appreciation rate of 10.57%, putting Crystal River in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Crystal River 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, Crystal River appreciation rates have trailed the rest of the nation. In the last twelve months, Crystal River's appreciation rate has been -0.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crystal River were at 1.14%, which equates to an annual appreciation rate of 4.64%.
Relative to Florida, our data show that Crystal River's latest annual appreciation rate is lower 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 Crystal River differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crystal River - 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 Crystal River real estate investment or home purchase decisions.
Median Home Value
$261,034
Low
for Florida
Average
for nation
Number of Homes And Apartments:
1,551
FL
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$1,330 / per month