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 6,955 people, 2,663 houses or apartments, and a median cost of homes of $99,578, house prices in Dade City are solidly below the national average.
Single-family detached homes are the single most common housing type in Dade City, accounting for 57.98% of the city's housing units. Other types of housing that are prevalent in Dade City include large apartment complexes or high rise apartments ( 22.37%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few mobile homes or trailers ( 5.98%).
People in Dade City primarily live in small (one, two or no bedroom) single-family detached homes. Dade City has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Dade 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 Dade City built between 1940-1969 ( 25.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.08%). There's also some housing in Dade City built before 1939 ( 8.80%).
Vacant housing appears to be an issue in Dade City. Fully 12.92% of the housing stock is classified as vacant. Left unchecked, vacant Dade City homes and apartments can be a drag on the real estate market, holding Dade 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.
Homes have actually lost value in Dade City over the last then years, as home values have seen a decline of 23.36% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Dade City home appreciation rates at 1.28%, which equates to an annual appreciation rate of 5.24%.
Appreciation rates are so strong in Dade City that despite a nationwide downturn in the housing market, Dade City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dade City appreciation rates continue to be some of the highest in America, at 8.40%, which is higher than appreciation rates in 88.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dade City. Dade City appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.
Relative to Florida, our data show that Dade City's latest annual appreciation rate is lower than 50% 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 Dade City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dade City - 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 Dade City real estate investment or home purchase decisions.
|$945,001 - $1,260,000||0.0|
|$630,001 - $945,000||0.5|
|$504,001 - $630,000||1.5|
|$378,001 - $504,000||2.4|
|$252,001 - $378,000||8.5|
|$126,001 - $252,000||34.3|
|$63,001 - $126,000||31.5|
|$0 - $63,000||21.1|
|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 Dade City HOMES|
|2000 or Newer||20.1|
|1970 - 1999||45.8|
|1940 - 1969||25.3|
|1939 or Older||8.8|
|TYPE OF Dade City HOMES|
|Small Apt. Buildings||9.9|
|SIZE OF Dade City HOMES|
|5 or more bedrooms||1.60|