Florida City, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Florida City Neighborhoods Since 2000




Florida City, 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

Florida City Housing Market Information

With a population of 12,122, 2,794 total housing units (homes and apartments), and a median house value of $108,989, house prices in Florida City are solidly below the national average.

Single-family detached homes are the single most common housing type in Florida City, accounting for 47.06% of the city's housing units. Other types of housing that are prevalent in Florida City include large apartment complexes or high rise apartments ( 28.28%), duplexes, homes converted to apartments or other small apartment buildings ( 11.66%), and a few row houses and other attached homes ( 9.25%).

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 ( 31.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.89%).

Vacant housing appears to be an issue in Florida City. Fully 14.95% 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

Homes have actually lost value in Florida City over the last then years, as home values have seen a decline of 23.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Florida City home appreciation rates at 1.80%, which equates to an annual appreciation rate of 7.39%.

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 6.58%, which is higher than appreciation rates in 78.44% 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 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Florida City 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 Florida City's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$108,989

Florida City, FL HOME PRICES

Value Range
> $1,298,000 0.0
$973,001 - $1,298,000 0.2
$649,001 - $973,000 0.7
$519,001 - $649,000 0.0
$390,001 - $519,000 1.7
$260,001 - $390,000 3.5
$130,001 - $260,000 28.7
$65,001 - $130,000 44.0
$0 - $65,000 21.1

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
71.9617953826321 83.974358974359

Number Of Homes And Apartments:
2,794

Florida City 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
84.48% 3.61% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,258 / per month

Homeownership Rate

Homeownership
Owners 24.95
Renters 75.05
Vacant 14.95

Housing Market Details

 

Age of Homes

AGE OF Florida City HOMES
2000 or Newer 31.6
1970 - 1999 45.2
1940 - 1969 22.9
1939 or Older 0.3

Types of Homes

TYPE OF Florida City HOMES
Single-Family 47.1
Townhomes 9.3
Small Apt. Buildings 11.7
Apt. Complexes 28.3
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Florida City HOMES
No Bedroom 1.67
1 Bedroom 12.66
2 Bedrooms 23.11
3 Bedrooms 45.57
4 Bedrooms 13.94
5 or more bedrooms 3.04

Popular Neighborhoods in Florida City

Popular Communities Near Florida City, FL

Zip Codes in Florida City, FL