Immokalee, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Immokalee Neighborhoods Since 2000




Immokalee, 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

Immokalee Housing Market Information

With 26,252 people, 4,955 houses or apartments, and a median cost of homes of $99,380, house prices in Immokalee are solidly below the national average.

Single-family detached homes are the single most common housing type in Immokalee, accounting for 44.71% of the town's housing units. Other types of housing that are prevalent in Immokalee include mobile homes or trailers ( 25.02%), large apartment complexes or high rise apartments ( 15.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.81%).

The most prevalent building size and type in Immokalee are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 40.15% owning and 59.85% renting.

There is a lot of housing in Immokalee 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 Immokalee built between 2000 and later ( 27.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.30%).

Vacant housing appears to be an issue in Immokalee. Fully 23.11% of the housing stock is classified as vacant. Left unchecked, vacant Immokalee homes and apartments can be a drag on the real estate market, holding Immokalee 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.

Immokalee Home Appreciation Rates

Homes have actually lost value in Immokalee over the last then years, as home values have seen a decline of 27.13% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Immokalee home appreciation rates at 2.40%, which equates to an annual appreciation rate of 9.97%.

NeighborhoodScout's data show that during the latest twelve months, Immokalee's appreciation rate, at 3.58%, has been at or slightly above the national average. In the latest quarter, Immokalee's appreciation rate has been 2.40%, which annualizes to a rate of 9.97%.

Importantly, this makes Immokalee 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 Immokalee's latest annual appreciation rate is lower than 80% 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 Immokalee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Immokalee - 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 Immokalee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,380

Immokalee, FL HOME PRICES

Value Range
> $1,345,000 0.0
$1,009,001 - $1,345,000 0.0
$672,001 - $1,009,000 1.1
$538,001 - $672,000 5.4
$403,001 - $538,000 2.6
$269,001 - $403,000 3.2
$134,001 - $269,000 23.9
$67,001 - $134,000 43.3
$0 - $67,000 20.6

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
77.9503105590062 89.7435897435898

Number Of Homes And Apartments:
4,955

Immokalee 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
78.58% 3.42% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$946 / per month

Homeownership Rate

Homeownership
Owners 40.15
Renters 59.85
Vacant 23.11

Housing Market Details

 

Age of Homes

AGE OF Immokalee HOMES
2000 or Newer 27.9
1970 - 1999 58.1
1940 - 1969 13.3
1939 or Older 0.7

Types of Homes

TYPE OF Immokalee HOMES
Single-Family 44.7
Townhomes 3.2
Small Apt. Buildings 11.8
Apt. Complexes 15.1
Mobile Homes 25.0
Other 0.2

Home Size

SIZE OF Immokalee HOMES
No Bedroom 6.18
1 Bedroom 9.00
2 Bedrooms 31.72
3 Bedrooms 42.82
4 Bedrooms 9.99
5 or more bedrooms 0.29