Frostproof, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Frostproof, FL Real Estate Data


Frostproof Housing Market Information

With 3,134 people, 1,041 houses or apartments, and a median cost of homes of $126,619, house prices in Frostproof are solidly below the national average.

Single-family detached homes are the single most common housing type in Frostproof, accounting for 68.97% of the city's housing units. Other types of housing that are prevalent in Frostproof include mobile homes or trailers ( 23.60%), duplexes, homes converted to apartments or other small apartment buildings ( 2.89%), and a few large apartment complexes or high rise apartments ( 1.97%).

Dwellings in Frostproof tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.01% of the homes in Frostproof have two or fewer bedrooms.

There is a lot of housing in Frostproof 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 Frostproof built between 1940-1969 ( 38.07%). A lesser amount of the housing stock also hails from before 1939 ( 13.74%). There's also some housing in Frostproof built between 2000 and later ( 3.81%).

Vacant housing appears to be an issue in Frostproof. Fully 31.56% of the housing stock is classified as vacant. Left unchecked, vacant Frostproof homes and apartments can be a drag on the real estate market, holding Frostproof 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.

Frostproof Home Appreciation Rates

Frostproof's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Frostproof during the period has been just -1.83%, which is lower than 80% of US communities.

Appreciation rates are so strong in Frostproof that despite a nationwide downturn in the housing market, Frostproof real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Frostproof appreciation rates continue to be some of the highest in America, at 11.96%, which is higher than appreciation rates in 99.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Frostproof. Frostproof appreciation rates in the latest quarter were at 3.83%, which equates to an annual appreciation rate of 16.22%.

Importantly, this makes Frostproof 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 Frostproof's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$126,619

Frostproof, FL HOME PRICES

Value Range
> $1,381,000 0.0
$1,035,001 - $1,381,000 0.0
$690,001 - $1,035,000 0.2
$552,001 - $690,000 2.8
$414,001 - $552,000 0.7
$276,001 - $414,000 10.7
$138,001 - $276,000 31.2
$69,001 - $138,000 33.2
$0 - $69,000 21.3

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
62.7393570299233 81.6239316239316

Number Of Homes And Apartments:
1,041

Rent & Ownership

 

Average Market Rent:
$766 / per month

Homeownership Rate

Homeownership
Owners 88.43
Renters 11.57
Vacant 31.56

Housing Market Details

 

Age of Homes

AGE OF Frostproof HOMES
2000 or Newer 3.8
1970 - 1999 44.4
1940 - 1969 38.1
1939 or Older 13.7

Types of Homes

TYPE OF Frostproof HOMES
Single-Family 69.0
Townhomes 0.0
Small Apt. Buildings 2.9
Apt. Complexes 2.0
Mobile Homes 23.6
Other 2.6

Home Size

SIZE OF Frostproof HOMES
No Bedroom 2.50
1 Bedroom 11.24
2 Bedrooms 38.26
3 Bedrooms 38.86
4 Bedrooms 9.14
5 or more bedrooms 0.00

Frostproof 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
64.83% 2.98% 5 8
* 10 is highest

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Zip Codes in Frostproof, FL