Edgewood, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Edgewood Neighborhoods Since 2000




Edgewood, 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

Edgewood Housing Market Information

With 2,795 people, 1,037 houses or apartments, and a median cost of homes of $268,264, Edgewood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Edgewood, accounting for 75.15% of the city's housing units. Other types of housing that are prevalent in Edgewood include large apartment complexes or high rise apartments ( 15.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.88%), and a few row houses and other attached homes ( 1.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edgewood. Owner-occupied housing accounts for 79.56% of Edgewood's homes, and 69.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Edgewood 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 Edgewood built between 2000 and later ( 24.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.68%).

Vacant housing appears to be an issue in Edgewood. Fully 11.14% of the housing stock is classified as vacant. Left unchecked, vacant Edgewood homes and apartments can be a drag on the real estate market, holding Edgewood 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.

Edgewood Home Appreciation Rates

Edgewood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Edgewood during the period has been just -1.96%, which is lower than 80% of US communities.

Appreciation rates are so strong in Edgewood that despite a nationwide downturn in the housing market, Edgewood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edgewood appreciation rates continue to be some of the highest in America, at 8.21%, which is higher than appreciation rates in 87.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edgewood. Edgewood appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Edgewood 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 Edgewood's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$268,264

Edgewood, FL HOME PRICES

Value Range
> $1,438,000 1.4
$1,078,001 - $1,438,000 2.6
$719,001 - $1,078,000 6.8
$575,001 - $719,000 3.5
$431,001 - $575,000 12.3
$288,001 - $431,000 23.7
$143,001 - $288,000 32.0
$72,001 - $143,000 13.7
$0 - $72,000 4.1

High for FL
High for Nation

Value Relative to Nation Value Relative to State
20.0105472870034 29.9145299145299

Number Of Homes And Apartments:
1,037

Edgewood 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
84.45% 3.61% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,124 / per month

Homeownership Rate

Homeownership
Owners 79.56
Renters 20.44
Vacant 11.14

Housing Market Details

 

Age of Homes

AGE OF Edgewood HOMES
2000 or Newer 24.5
1970 - 1999 59.0
1940 - 1969 15.7
1939 or Older 0.9

Types of Homes

TYPE OF Edgewood HOMES
Single-Family 75.1
Townhomes 1.1
Small Apt. Buildings 7.9
Apt. Complexes 15.4
Mobile Homes 0.0
Other 0.4

Home Size

SIZE OF Edgewood HOMES
No Bedroom 1.20
1 Bedroom 10.37
2 Bedrooms 11.23
3 Bedrooms 35.22
4 Bedrooms 34.19
5 or more bedrooms 7.80