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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Inverness, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Inverness, FL Housing Market Trends

With 7,766 people, 3,744 houses or apartments, and a median cost of homes of $263,166, Inverness 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 Inverness, accounting for 54.22% of the city's housing units. Other types of housing that are prevalent in Inverness include row houses and other attached homes ( 14.63%), duplexes, homes converted to apartments or other small apartment buildings ( 13.41%), and a few large apartment complexes or high rise apartments ( 12.93%).

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

There is a lot of housing in Inverness 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 Inverness built between 2000 and later ( 12.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.15%).

Vacant housing appears to be an issue in Inverness. Fully 17.28% of the housing stock is classified as vacant. Left unchecked, vacant Inverness homes and apartments can be a drag on the real estate market, holding Inverness 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.

Inverness Home Appreciation Rates

In the last 10 years, Inverness has experienced some of the highest home appreciation rates of any community in the nation. Inverness real estate appreciated 192.19% over the last ten years, which is an average annual home appreciation rate of 11.32%, putting Inverness in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Inverness definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Inverness's appreciation rate, at 5.09%, has been at or slightly above the national average. In the latest quarter, Inverness's appreciation rate has been 3.94%, which annualizes to a rate of 16.73%.

Importantly, this makes Inverness one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Inverness's latest annual appreciation rate is lower than 50% 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 city. Individual neighborhoods within Inverness differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Inverness - 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 Inverness real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$263,166

Inverness, FL Home Prices
> $1,506,000
$1,130,001 - $1,506,000
$753,001 - $1,130,000
$603,001 - $753,000
$452,001 - $603,000
$301,001 - $452,000
$151,001 - $301,000
$75,001 - $151,000
$0 - $75,000
0.5%
0.5%
0.4%
0.4%
3.5%
3.5%
6.8%
6.8%
8.1%
8.1%
17.1%
17.1%
40.7%
40.7%
17.3%
17.3%
5.9%
5.9%
0% 100.0%
% of Homes
Low

for Florida

Average

for nation

Number of Homes And Apartments:

3,744

Inverness Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,541 / per month

Homeownership Rate

Owners
Renters
64.0%
64.0%
36.0%
36.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.3%
17.3%
82.7%
82.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.4%
12.4%
77.9%
77.9%
9.1%
9.1%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.2%
54.2%
14.6%
14.6%
13.4%
13.4%
12.9%
12.9%
4.8%
4.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
8.3%
8.3%
56.8%
56.8%
30.1%
30.1%
2.5%
2.5%
0.0%
0.0%
0% 100.0%
% of Homes