Homosassa, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Homosassa Neighborhoods Since 2000




Homosassa, 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

Homosassa Housing Market Information

With 2,547 people, 865 houses or apartments, and a median cost of homes of $151,078, Homosassa 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 Homosassa, accounting for 71.46% of the town's housing units. Other types of housing that are prevalent in Homosassa include mobile homes or trailers ( 22.17%), row houses and other attached homes ( 4.01%), and a few large apartment complexes or high rise apartments ( 2.35%).

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 82.82% of Homosassa's homes, and 60.41% 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 ( 16.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.04%).

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.

Homosassa Home Appreciation Rates

Homes have actually lost value in Homosassa over the last then years, as home values have seen a decline of 27.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Homosassa home appreciation rates at 2.96%, which equates to an annual appreciation rate of 12.39%.

NeighborhoodScout's data show that during the latest twelve months, Homosassa's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Homosassa's appreciation rate has been 2.96%, which annualizes to a rate of 12.39%.

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 lower 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.

Average Home Values

 

Median Home Value:
$151,078

Homosassa, FL HOME PRICES

Value Range
> $1,175,000 0.0
$881,001 - $1,175,000 0.3
$587,001 - $881,000 5.3
$470,001 - $587,000 1.9
$352,001 - $470,000 7.9
$235,001 - $352,000 17.6
$117,001 - $235,000 12.3
$59,001 - $117,000 27.3
$0 - $59,000 27.4

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
49.5077932731747 64.7435897435898

Number Of Homes And Apartments:
865

Homosassa 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
67.56% 3.04% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$713 / per month

Homeownership Rate

Homeownership
Owners 82.82
Renters 17.18
Vacant 46.57

Housing Market Details

 

Age of Homes

AGE OF Homosassa HOMES
2000 or Newer 16.1
1970 - 1999 71.8
1940 - 1969 12.0
1939 or Older 0.0

Types of Homes

TYPE OF Homosassa HOMES
Single-Family 71.5
Townhomes 4.0
Small Apt. Buildings 0.0
Apt. Complexes 2.3
Mobile Homes 22.2
Other 0.0

Home Size

SIZE OF Homosassa HOMES
No Bedroom 0.74
1 Bedroom 11.49
2 Bedrooms 26.56
3 Bedrooms 51.58
4 Bedrooms 8.83
5 or more bedrooms 0.80