Fanning Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fanning Springs Neighborhoods Since 2000




Fanning 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

Fanning Springs Housing Market Information

With a population of 985, 389 total housing units (homes and apartments), and a median house value of $105,696, house prices in Fanning Springs are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Fanning Springs, accounting for 54.37% of the city's housing units. Other types of housing that are prevalent in Fanning Springs include single-family detached homes ( 37.09%), large apartment complexes or high rise apartments ( 7.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.36%).

The most prevalent building size and type in Fanning Springs are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 60.79% owning and 39.21% renting.

There is a lot of housing in Fanning 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 Fanning Springs built between 2000 and later ( 27.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.85%).

Vacant housing appears to be an issue in Fanning Springs. Fully 24.47% of the housing stock is classified as vacant. Left unchecked, vacant Fanning Springs homes and apartments can be a drag on the real estate market, holding Fanning 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.

Fanning Springs Home Appreciation Rates

Fanning Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fanning Springs during the period has been just -1.91%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Fanning Springs's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, Fanning Springs's appreciation rate has been 1.30%, which annualizes to a rate of 5.30%.

Relative to Florida, our data show that Fanning Springs's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$105,696

Fanning Springs, FL HOME PRICES

Value Range
> $1,188,000 0.2
$891,001 - $1,188,000 0.0
$594,001 - $891,000 0.3
$475,001 - $594,000 1.7
$357,001 - $475,000 3.0
$237,001 - $357,000 10.7
$119,001 - $237,000 22.9
$60,001 - $119,000 36.3
$0 - $60,000 24.9

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
73.8661666471347 85.6837606837607

Number Of Homes And Apartments:
389

Fanning 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
57.35% 2.66% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$801 / per month

Homeownership Rate

Homeownership
Owners 60.79
Renters 39.21
Vacant 24.47

Housing Market Details

 

Age of Homes

AGE OF Fanning Springs HOMES
2000 or Newer 27.2
1970 - 1999 67.4
1940 - 1969 4.9
1939 or Older 0.6

Types of Homes

TYPE OF Fanning Springs HOMES
Single-Family 37.1
Townhomes 0.0
Small Apt. Buildings 1.4
Apt. Complexes 7.2
Mobile Homes 54.4
Other 0.0

Home Size

SIZE OF Fanning Springs HOMES
No Bedroom 0.00
1 Bedroom 5.44
2 Bedrooms 42.33
3 Bedrooms 43.50
4 Bedrooms 8.74
5 or more bedrooms 0.00

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