Jupiter, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jupiter, 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

Jupiter Housing Market Information

With 62,707 people, 24,536 houses or apartments, and a median cost of homes of $393,296, Jupiter house prices are not only among the most expensive in Florida, Jupiter real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Jupiter, accounting for 44.80% of the town's housing units. Other types of housing that are prevalent in Jupiter include large apartment complexes or high rise apartments ( 25.48%), row houses and other attached homes ( 16.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jupiter. Owner-occupied housing accounts for 70.22% of Jupiter's homes, and 51.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jupiter 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 Jupiter built between 2000 and later ( 22.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.86%).

Vacant housing appears to be an issue in Jupiter. Fully 20.15% of the housing stock is classified as vacant. Left unchecked, vacant Jupiter homes and apartments can be a drag on the real estate market, holding Jupiter 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.

Jupiter Home Appreciation Rates

Real estate appreciation rates in Jupiter's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.73% during the period.

Appreciation rates are so strong in Jupiter that despite a nationwide downturn in the housing market, Jupiter real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jupiter appreciation rates continue to be some of the highest in America, at 7.44%, which is higher than appreciation rates in 83.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jupiter. Jupiter appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Jupiter 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 Jupiter's latest annual appreciation rate is lower than 60% 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 Jupiter differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jupiter - 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 Jupiter real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$393,296

Jupiter, FL HOME PRICES

Value Range
> $1,356,000 4.2
$1,017,001 - $1,356,000 3.4
$678,001 - $1,017,000 10.9
$542,001 - $678,000 10.2
$407,001 - $542,000 16.8
$271,001 - $407,000 24.4
$136,001 - $271,000 21.9
$68,001 - $136,000 5.4
$0 - $68,000 2.9

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
9.75624047814368 16.8803418803419

Number Of Homes And Apartments:
24,536

Jupiter 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
111.24% 4.43% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,938 / per month

Homeownership Rate

Homeownership
Owners 70.22
Renters 29.78
Vacant 20.15

Housing Market Details

 

Age of Homes

AGE OF Jupiter HOMES
2000 or Newer 22.8
1970 - 1999 71.3
1940 - 1969 5.9
1939 or Older 0.0

Types of Homes

TYPE OF Jupiter HOMES
Single-Family 44.8
Townhomes 16.9
Small Apt. Buildings 11.3
Apt. Complexes 25.5
Mobile Homes 1.4
Other 0.1

Home Size

SIZE OF Jupiter HOMES
No Bedroom 0.42
1 Bedroom 5.07
2 Bedrooms 38.84
3 Bedrooms 40.45
4 Bedrooms 11.34
5 or more bedrooms 3.88