Holly Hill, FL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Holly Hill, FL Housing Market Trends

With 12,357 people, 5,210 houses or apartments, and a median cost of homes of $122,754, house prices in Holly Hill are solidly below the national average.

Single-family detached homes are the single most common housing type in Holly Hill, accounting for 55.79% of the city's housing units. Other types of housing that are prevalent in Holly Hill include large apartment complexes or high rise apartments ( 24.10%), duplexes, homes converted to apartments or other small apartment buildings ( 9.28%), and a few mobile homes or trailers ( 6.02%).

People in Holly Hill primarily live in small (one, two or no bedroom) single-family detached homes. Holly Hill has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Holly Hill 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 Holly Hill built between 1940-1969 ( 33.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.49%). There's also some housing in Holly Hill built before 1939 ( 2.58%).

Vacant housing appears to be an issue in Holly Hill. Fully 21.04% of the housing stock is classified as vacant. Left unchecked, vacant Holly Hill homes and apartments can be a drag on the real estate market, holding Holly Hill 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.

Holly Hill Home Appreciation Rates

In the last 10 years, Holly Hill has experienced some of the highest home appreciation rates of any community in the nation. Holly Hill real estate appreciated 98.64% over the last ten years, which is an average annual home appreciation rate of 7.10%, putting Holly Hill in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Holly Hill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Holly Hill that despite a nationwide downturn in the housing market, Holly Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Holly Hill appreciation rates continue to be some of the highest in America, at 7.43%, which is higher than appreciation rates in 92.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Holly Hill. Holly Hill appreciation rates in the latest quarter were at 1.75%, which equates to an annual appreciation rate of 7.17%.

Relative to Florida, our data show that Holly Hill's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$122,754

Holly Hill, FL HOME PRICES

> $1,321,000
0.6%
0.6%
$991,001 - $1,321,000
0.2%
0.2%
$661,001 - $991,000
0.6%
0.6%
$529,001 - $661,000
3.5%
3.5%
$396,001 - $529,000
1.6%
1.6%
$264,001 - $396,000
5.8%
5.8%
$132,001 - $264,000
41.0%
41.0%
$66,001 - $132,000
30.6%
30.6%
$0 - $66,000
16.2%
16.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
5,210

Holly Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
123.57% 3.91%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,168 / per month

Homeownership Rate

Owners
53.4%
53.4%
Renters
46.6%
46.6%
Vacant
21.0%
21.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.5%
16.5%
1970 - 1999
47.2%
47.2%
1940 - 1969
33.7%
33.7%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.8%
55.8%
Townhomes
4.7%
4.7%
Small Apt. Buildings
9.3%
9.3%
Apt. Complexes
24.1%
24.1%
Mobile Homes
6.0%
6.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.8%
3.8%
1 Bedroom
9.7%
9.7%
2 Bedrooms
51.0%
51.0%
3 Bedrooms
30.4%
30.4%
4 Bedrooms
4.8%
4.8%
5 or more bedrooms
0.2%
0.2%
0.0% 100.0%
% OF HOMES