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 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'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.
|$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|
|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 Fanning Springs HOMES|
|2000 or Newer||27.2|
|1970 - 1999||67.4|
|1940 - 1969||4.9|
|1939 or Older||0.6|
|TYPE OF Fanning Springs HOMES|
|Small Apt. Buildings||1.4|
|SIZE OF Fanning Springs HOMES|
|5 or more bedrooms||0.00|