Edgewater, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Edgewater, FL Real Estate Data


Edgewater Housing Market Information

With a population of 21,566, 8,476 total housing units (homes and apartments), and a median house value of $166,445, Edgewater real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Edgewater, accounting for 79.36% of the city's housing units. Other types of housing that are prevalent in Edgewater include mobile homes or trailers ( 7.87%), duplexes, homes converted to apartments or other small apartment buildings ( 5.44%), and a few row houses and other attached homes ( 4.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edgewater. Owner-occupied housing accounts for 81.44% of Edgewater's homes, and 65.80% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Edgewater 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 Edgewater built between 2000 and later ( 18.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.17%).

Vacant housing appears to be an issue in Edgewater. Fully 16.47% of the housing stock is classified as vacant. Left unchecked, vacant Edgewater homes and apartments can be a drag on the real estate market, holding Edgewater 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.

Edgewater Home Appreciation Rates

Homes have actually lost value in Edgewater over the last then years, as home values have seen a decline of 28.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Edgewater home appreciation rates at 1.64%, which equates to an annual appreciation rate of 6.72%.

Appreciation rates are so strong in Edgewater that despite a nationwide downturn in the housing market, Edgewater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edgewater appreciation rates continue to be some of the highest in America, at 9.65%, which is higher than appreciation rates in 97.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edgewater. Edgewater appreciation rates in the latest quarter were at 1.64%, which equates to an annual appreciation rate of 6.72%.

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

Average Home Values

 

Median Home Value:
$166,445

Edgewater, FL HOME PRICES

Value Range
> $1,362,000 0.5
$1,021,001 - $1,362,000 1.0
$681,001 - $1,021,000 0.8
$545,001 - $681,000 1.0
$408,001 - $545,000 2.0
$272,001 - $408,000 7.9
$136,001 - $272,000 53.6
$68,001 - $136,000 23.7
$0 - $68,000 9.5

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
44.1002518006676 61.1111111111111

Number Of Homes And Apartments:
8,476

Rent & Ownership

 

Average Market Rent:
$1,232 / per month

Homeownership Rate

Homeownership
Owners 81.44
Renters 18.56
Vacant 16.47

Housing Market Details

 

Age of Homes

AGE OF Edgewater HOMES
2000 or Newer 18.0
1970 - 1999 72.5
1940 - 1969 9.2
1939 or Older 0.4

Types of Homes

TYPE OF Edgewater HOMES
Single-Family 79.4
Townhomes 4.1
Small Apt. Buildings 5.4
Apt. Complexes 3.2
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Edgewater HOMES
No Bedroom 0.14
1 Bedroom 2.61
2 Bedrooms 31.09
3 Bedrooms 59.55
4 Bedrooms 6.25
5 or more bedrooms 0.35

Edgewater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.95% 2.95% 5 8
* 10 is highest

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Zip Codes in Edgewater, FL