Florida City, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Florida City Neighborhoods Since 2000




Florida City, FL Real Estate Data


Florida City Housing Market Information

With 12,122 people, 2,745 houses or apartments, and a median cost of homes of $163,344, Florida City 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 Florida City, accounting for 50.62% of the city's housing units. Other types of housing that are prevalent in Florida City include large apartment complexes or high rise apartments ( 28.35%), duplexes, homes converted to apartments or other small apartment buildings ( 12.02%), and a few row houses and other attached homes ( 6.30%).

Renters dominate Florida City's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Florida City 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 Florida City built between 2000 and later ( 30.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.36%). There's also some housing in Florida City built before 1939 ( 2.59%).

Vacant housing appears to be an issue in Florida City. Fully 17.29% of the housing stock is classified as vacant. Left unchecked, vacant Florida City homes and apartments can be a drag on the real estate market, holding Florida City 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.

Florida City Home Appreciation Rates

Florida City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Florida City during the period has been just -1.85%, which is lower than 80% of US communities.

Appreciation rates are so strong in Florida City that despite a nationwide downturn in the housing market, Florida City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Florida City appreciation rates continue to be some of the highest in America, at 9.17%, which is higher than appreciation rates in 96.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Florida City. Florida City appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.76%.

Relative to Florida, our data show that Florida City's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$163,344

Florida City, FL HOME PRICES

Value Range
> $1,518,000 0.0
$1,138,001 - $1,518,000 0.4
$759,001 - $1,138,000 0.0
$608,001 - $759,000 0.0
$455,001 - $608,000 1.5
$304,001 - $455,000 7.3
$152,001 - $304,000 31.1
$76,001 - $152,000 44.2
$0 - $76,000 15.5

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
45.4997950459683 63.8888888888889

Number Of Homes And Apartments:
2,745

Rent & Ownership

 

Average Market Rent:
$917 / per month

Homeownership Rate

Homeownership
Owners 29.15
Renters 70.85
Vacant 17.29

Housing Market Details

 

Age of Homes

AGE OF Florida City HOMES
2000 or Newer 30.4
1970 - 1999 40.6
1940 - 1969 26.4
1939 or Older 2.6

Types of Homes

TYPE OF Florida City HOMES
Single-Family 50.6
Townhomes 6.3
Small Apt. Buildings 12.0
Apt. Complexes 28.4
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Florida City HOMES
No Bedroom 1.84
1 Bedroom 14.94
2 Bedrooms 18.89
3 Bedrooms 44.26
4 Bedrooms 16.18
5 or more bedrooms 3.89

Florida City 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
94.32% 3.99% 8 10
* 10 is highest

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