De Funiak Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating De Funiak Springs Neighborhoods Since 2000




De Funiak Springs, 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

De Funiak Springs Housing Market Information

With a population of 5,795, 2,109 total housing units (homes and apartments), and a median house value of $127,450, house prices in De Funiak Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in De Funiak Springs, accounting for 77.33% of the city's housing units. Other types of housing that are prevalent in De Funiak Springs include large apartment complexes or high rise apartments ( 11.30%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few mobile homes or trailers ( 2.35%).

The most prevalent building size and type in De Funiak Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.86% owning and 38.14% renting.

There is a lot of housing in De Funiak Springs 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 De Funiak Springs built between 1940-1969 ( 30.70%). A lesser amount of the housing stock also hails from before 1939 ( 12.74%). There's also some housing in De Funiak Springs built between 2000 and later ( 10.60%).

Vacant housing appears to be an issue in De Funiak Springs. Fully 26.00% of the housing stock is classified as vacant. Left unchecked, vacant De Funiak Springs homes and apartments can be a drag on the real estate market, holding De Funiak Springs 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.

De Funiak Springs Home Appreciation Rates

De Funiak Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in De Funiak Springs during the period has been just -1.86%, which is lower than 80% of US communities.

Appreciation rates are so strong in De Funiak Springs that despite a nationwide downturn in the housing market, De Funiak Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, De Funiak Springs appreciation rates continue to be some of the highest in America, at 5.94%, which is higher than appreciation rates in 73.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in De Funiak Springs. De Funiak Springs appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.41%.

Importantly, this makes De Funiak Springs 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 De Funiak Springs's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$127,450

De Funiak Springs, FL HOME PRICES

Value Range
> $1,175,000 0.8
$881,001 - $1,175,000 0.0
$588,001 - $881,000 0.7
$470,001 - $588,000 3.6
$353,001 - $470,000 7.4
$235,001 - $353,000 8.5
$117,001 - $235,000 33.6
$59,001 - $117,000 24.2
$0 - $59,000 21.1

Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
61.1977030352748 76.0683760683761

Number Of Homes And Apartments:
2,109

De Funiak Springs 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
59.61% 2.75% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$701 / per month

Homeownership Rate

Homeownership
Owners 61.86
Renters 38.14
Vacant 26.00

Housing Market Details

 

Age of Homes

AGE OF De Funiak Springs HOMES
2000 or Newer 10.6
1970 - 1999 46.0
1940 - 1969 30.7
1939 or Older 12.7

Types of Homes

TYPE OF De Funiak Springs HOMES
Single-Family 77.3
Townhomes 1.6
Small Apt. Buildings 7.4
Apt. Complexes 11.3
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF De Funiak Springs HOMES
No Bedroom 2.42
1 Bedroom 4.32
2 Bedrooms 26.21
3 Bedrooms 54.00
4 Bedrooms 11.19
5 or more bedrooms 1.86

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Zip Codes in De Funiak Springs, FL