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 4,483, 1,479 total housing units (homes and apartments), and a median house value of $149,256, Fruitland Park 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 Fruitland Park, accounting for 81.70% of the city's housing units. Other types of housing that are prevalent in Fruitland Park include large apartment complexes or high rise apartments ( 9.86%), duplexes, homes converted to apartments or other small apartment buildings ( 7.64%).
The most prevalent building size and type in Fruitland Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.16% owning and 40.84% renting.
There is a lot of housing in Fruitland Park 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 Fruitland Park built between 2000 and later ( 32.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.83%). There's also some housing in Fruitland Park built before 1939 ( 3.99%).
Vacant housing appears to be an issue in Fruitland Park. Fully 15.68% of the housing stock is classified as vacant. Left unchecked, vacant Fruitland Park homes and apartments can be a drag on the real estate market, holding Fruitland Park 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.
Homes have actually lost value in Fruitland Park over the last then years, as home values have seen a decline of 29.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Fruitland Park home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.
Appreciation rates are so strong in Fruitland Park that despite a nationwide downturn in the housing market, Fruitland Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fruitland Park appreciation rates continue to be some of the highest in America, at 10.02%, which is higher than appreciation rates in 93.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fruitland Park. Fruitland Park appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.
Importantly, this makes Fruitland Park 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 Fruitland Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
|$958,001 - $1,277,000||0.0|
|$638,001 - $958,000||0.4|
|$511,001 - $638,000||0.7|
|$383,001 - $511,000||3.1|
|$256,001 - $383,000||11.6|
|$127,001 - $256,000||38.5|
|$64,001 - $127,000||36.0|
|$0 - $64,000||9.2|
|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 Fruitland Park HOMES|
|2000 or Newer||32.2|
|1970 - 1999||40.0|
|1940 - 1969||23.8|
|1939 or Older||4.0|
|TYPE OF Fruitland Park HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Fruitland Park HOMES|
|5 or more bedrooms||3.59|