Green Cove Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Green Cove Springs, 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

Green Cove Springs Housing Market Information

With 7,277 people, 2,421 houses or apartments, and a median cost of homes of $123,874, house prices in Green Cove Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Green Cove Springs, accounting for 84.02% of the city's housing units. Other types of housing that are prevalent in Green Cove Springs include duplexes, homes converted to apartments or other small apartment buildings ( 6.17%), large apartment complexes or high rise apartments ( 4.63%), and a few mobile homes or trailers ( 4.35%).

The most prevalent building size and type in Green Cove Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.12% owning and 35.88% renting.

There is a lot of housing in Green Cove Springs 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 Green Cove Springs built between 2000 and later ( 27.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.51%). There's also some housing in Green Cove Springs built before 1939 ( 5.33%).

Vacant housing appears to be an issue in Green Cove Springs. Fully 15.14% of the housing stock is classified as vacant. Left unchecked, vacant Green Cove Springs homes and apartments can be a drag on the real estate market, holding Green Cove Springs 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.

Green Cove Springs Home Appreciation Rates

Green Cove Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Green Cove Springs during the period has been just -2.03%, which is lower than 80% of US communities.

Appreciation rates are so strong in Green Cove Springs that despite a nationwide downturn in the housing market, Green Cove Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Green Cove Springs appreciation rates continue to be some of the highest in America, at 7.18%, which is higher than appreciation rates in 82.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Green Cove Springs. Green Cove Springs appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.03%.

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

Average Home Values

 

Median Home Value:
$123,874

Green Cove Springs, FL HOME PRICES

Value Range
> $1,225,000 0.6
$919,001 - $1,225,000 0.0
$613,001 - $919,000 2.4
$490,001 - $613,000 0.2
$368,001 - $490,000 5.7
$245,001 - $368,000 8.3
$123,001 - $245,000 36.6
$61,001 - $123,000 38.3
$0 - $61,000 7.9

Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
63.2075471698113 77.1367521367521

Number Of Homes And Apartments:
2,421

Green Cove Springs 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
47.66% 2.29% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Homeownership
Owners 64.12
Renters 35.88
Vacant 15.14

Housing Market Details

 

Age of Homes

AGE OF Green Cove Springs HOMES
2000 or Newer 27.2
1970 - 1999 50.9
1940 - 1969 16.5
1939 or Older 5.3

Types of Homes

TYPE OF Green Cove Springs HOMES
Single-Family 84.0
Townhomes 0.8
Small Apt. Buildings 6.2
Apt. Complexes 4.6
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Green Cove Springs HOMES
No Bedroom 0.42
1 Bedroom 5.40
2 Bedrooms 23.17
3 Bedrooms 51.59
4 Bedrooms 17.88
5 or more bedrooms 1.54

Popular Neighborhoods in Green Cove Springs

Zip Codes in Green Cove Springs, FL