Homosassa, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Homosassa Housing Market Information

With a population of 2,547, 1,046 total housing units (homes and apartments), and a median house value of $236,523, 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 70.36% of the town's housing units. Other types of housing that are prevalent in Homosassa include mobile homes or trailers ( 24.56%), row houses and other attached homes ( 2.77%), and a few large apartment complexes or high rise apartments ( 2.32%).

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 88.23% of Homosassa's homes, and 57.76% 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 ( 25.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.67%).

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

Appreciation rates for homes in Homosassa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 24.02%, which ranks in the top 30% nationwide. This equates to an annual average Homosassa house appreciation rate of 2.18%.

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 9.94%, which is higher than appreciation rates in 91.01% 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 0.07%, which equates to an annual appreciation rate of 0.29%.

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.

Average Home Values

 

Median Home Value:
$236,523

Homosassa, FL HOME PRICES

Value Range
> $1,424,000 0.0
$1,068,001 - $1,424,000 1.5
$712,001 - $1,068,000 11.2
$569,001 - $712,000 8.9
$427,001 - $569,000 22.0
$285,001 - $427,000 16.8
$143,001 - $285,000 10.1
$71,001 - $143,000 22.5
$0 - $71,000 6.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
29.1737226277372 43.4042553191489

Number Of Homes And Apartments:
1,046

Homosassa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
121.83% 4.23%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$845 / per month

Homeownership Rate

Homeownership
Owners 88.23
Renters 11.77
Vacant 40.94

Housing Market Details

 

Age of Homes

AGE OF Homosassa HOMES
2000 or Newer 25.3
1970 - 1999 64.0
1940 - 1969 10.7
1939 or Older 0.0

Types of Homes

TYPE OF Homosassa HOMES
Single-Family 70.4
Townhomes 2.8
Small Apt. Buildings 0.0
Apt. Complexes 2.3
Mobile Homes 24.6
Other 0.0

Home Size

SIZE OF Homosassa HOMES
No Bedroom 0.79
1 Bedroom 10.78
2 Bedrooms 30.66
3 Bedrooms 52.40
4 Bedrooms 5.36
5 or more bedrooms 0.00