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 3,134, 1,119 total housing units (homes and apartments), and a median house value of $120,678, 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 67.15% of the city's housing units. Other types of housing that are prevalent in Frostproof include mobile homes or trailers ( 23.99%), duplexes, homes converted to apartments or other small apartment buildings ( 4.06%), and a few large apartment complexes or high rise apartments ( 2.62%).
Dwellings in Frostproof tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.65% 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 ( 42.04%). A lesser amount of the housing stock also hails from before 1939 ( 9.62%). There's also some housing in Frostproof built between 2000 and later ( 3.69%).
Vacant housing appears to be an issue in Frostproof. Fully 30.11% 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'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 -2.00%, 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 12.31%, which is higher than appreciation rates in 97.80% 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 3.57%, which equates to an annual appreciation rate of 15.08%.
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.
|$961,001 - $1,282,000||0.5|
|$641,001 - $961,000||0.6|
|$513,001 - $641,000||3.6|
|$385,001 - $513,000||2.0|
|$256,001 - $385,000||11.1|
|$128,001 - $256,000||31.3|
|$64,001 - $128,000||32.6|
|$0 - $64,000||18.3|
|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 Frostproof HOMES|
|2000 or Newer||3.7|
|1970 - 1999||44.7|
|1940 - 1969||42.0|
|1939 or Older||9.6|
|TYPE OF Frostproof HOMES|
|Small Apt. Buildings||4.1|
|SIZE OF Frostproof HOMES|
|5 or more bedrooms||0.00|