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 a population of 4,621, 1,360 total housing units (homes and apartments), and a median house value of $142,521, Ellenton 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 Ellenton, accounting for 47.33% of the town's housing units. Other types of housing that are prevalent in Ellenton include mobile homes or trailers ( 38.36%), row houses and other attached homes ( 5.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.52%).
Dwellings in Ellenton tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 62.89% of the homes in Ellenton have two or fewer bedrooms.
There is a lot of housing in Ellenton 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 Ellenton built between 1940-1969 ( 29.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.45%).
Vacant housing appears to be an issue in Ellenton. Fully 26.01% of the housing stock is classified as vacant. Left unchecked, vacant Ellenton homes and apartments can be a drag on the real estate market, holding Ellenton 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 Ellenton over the last then years, as home values have seen a decline of 19.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ellenton home appreciation rates at 2.40%, which equates to an annual appreciation rate of 9.95%.
Appreciation rates are so strong in Ellenton that despite a nationwide downturn in the housing market, Ellenton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ellenton appreciation rates continue to be some of the highest in America, at 16.27%, which is higher than appreciation rates in 99.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ellenton. Ellenton appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.95%.
Importantly, this makes Ellenton 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 Ellenton's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
|$1,054,001 - $1,406,000||0.0|
|$703,001 - $1,054,000||0.0|
|$562,001 - $703,000||1.8|
|$422,001 - $562,000||7.4|
|$281,001 - $422,000||12.7|
|$140,001 - $281,000||24.6|
|$70,001 - $140,000||31.5|
|$0 - $70,000||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 Ellenton HOMES|
|2000 or Newer||15.5|
|1970 - 1999||55.4|
|1940 - 1969||29.1|
|1939 or Older||0.0|
|TYPE OF Ellenton HOMES|
|Small Apt. Buildings||4.5|
|SIZE OF Ellenton HOMES|
|5 or more bedrooms||0.71|