Davie, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Davie, 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

Davie Housing Market Information

With 100,882 people, 33,707 houses or apartments, and a median cost of homes of $348,638, real estate costs in Davie are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Davie, accounting for 43.15% of the town's housing units. Other types of housing that are prevalent in Davie include large apartment complexes or high rise apartments ( 26.50%), mobile homes or trailers ( 13.27%), and a few row houses and other attached homes ( 11.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Davie. Owner-occupied housing accounts for 70.73% of Davie's homes, and 52.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Davie 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 Davie built between 2000 and later ( 17.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.07%).

Vacant housing appears to be an issue in Davie. Fully 11.48% of the housing stock is classified as vacant. Left unchecked, vacant Davie homes and apartments can be a drag on the real estate market, holding Davie 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.

Davie Home Appreciation Rates

Davie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Davie during the period has been just -1.67%, which is lower than 80% of US communities.

Appreciation rates are so strong in Davie that despite a nationwide downturn in the housing market, Davie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Davie appreciation rates continue to be some of the highest in America, at 6.74%, which is higher than appreciation rates in 79.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Davie. Davie appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Davie one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Davie's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Davie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Davie - 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 Davie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$348,638

Davie, FL HOME PRICES

Value Range
> $1,313,000 2.7
$984,001 - $1,313,000 3.8
$656,001 - $984,000 10.5
$525,001 - $656,000 7.1
$394,001 - $525,000 12.1
$263,001 - $394,000 16.2
$131,001 - $263,000 22.7
$66,001 - $131,000 12.3
$0 - $66,000 12.6

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
12.3168873784132 22.008547008547

Number Of Homes And Apartments:
33,707

Davie 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
99.75% 4.09% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,642 / per month

Homeownership Rate

Homeownership
Owners 70.73
Renters 29.27
Vacant 11.48

Housing Market Details

 

Age of Homes

AGE OF Davie HOMES
2000 or Newer 17.7
1970 - 1999 74.1
1940 - 1969 8.1
1939 or Older 0.1

Types of Homes

TYPE OF Davie HOMES
Single-Family 43.1
Townhomes 11.5
Small Apt. Buildings 5.5
Apt. Complexes 26.5
Mobile Homes 13.3
Other 0.1

Home Size

SIZE OF Davie HOMES
No Bedroom 1.07
1 Bedroom 9.53
2 Bedrooms 32.06
3 Bedrooms 36.66
4 Bedrooms 15.44
5 or more bedrooms 5.24