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 2,547 people, 1,063 houses or apartments, and a median cost of homes of $241,535, Homosassa real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Homosassa, accounting for 70.41% of the town's housing units. Other types of housing that are prevalent in Homosassa include mobile homes or trailers ( 24.58%), large apartment complexes or high rise apartments ( 4.52%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Homosassa. Owner-occupied housing accounts for 86.22% of Homosassa's homes, and 54.28% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Homosassa 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 Homosassa built between 2000 and later ( 22.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.19%).
A decent proportion of the Homosassa housing stock is seasonally occupied. That is, homes and condos in Homosassa are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Homosassa housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Homosassa has experienced some of the highest home appreciation rates of any community in the nation. Homosassa real estate appreciated 55.14% over the last ten years, which is an average annual home appreciation rate of 4.49%, putting Homosassa in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Homosassa 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 Homosassa that despite a nationwide downturn in the housing market, Homosassa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Homosassa appreciation rates continue to be some of the highest in America, at 7.45%, which is higher than appreciation rates in 80.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Homosassa. Homosassa appreciation rates in the latest quarter were at 4.36%, which equates to an annual appreciation rate of 18.61%.
Importantly, this makes Homosassa one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Homosassa's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Homosassa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Homosassa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Homosassa real estate investment or home purchase decisions.
|$1,092,001 - $1,456,000||0.9|
|$728,001 - $1,092,000||6.2|
|$582,001 - $728,000||5.1|
|$437,001 - $582,000||14.5|
|$291,001 - $437,000||11.3|
|$146,001 - $291,000||16.0|
|$73,001 - $146,000||23.6|
|$0 - $73,000||22.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Homosassa HOMES|
|2000 or Newer||22.5|
|1970 - 1999||66.3|
|1940 - 1969||11.2|
|1939 or Older||0.0|
|TYPE OF Homosassa HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Homosassa HOMES|
|5 or more bedrooms||0.00|