Kenneth City, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kenneth City Neighborhoods Since 2000




Kenneth City, FL Real Estate Data


Kenneth City Housing Market Information

With 5,072 people, 1,819 houses or apartments, and a median cost of homes of $142,250, Kenneth City 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 Kenneth City, accounting for 55.57% of the town's housing units. Other types of housing that are prevalent in Kenneth City include large apartment complexes or high rise apartments ( 39.10%), duplexes, homes converted to apartments or other small apartment buildings ( 2.74%), and a few row houses and other attached homes ( 1.89%).

Dwellings in Kenneth City tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 64.91% of the homes in Kenneth City have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kenneth City's housing was primarily built during this period, from the '40s through the '60s. A full 70.47% of the town's housing hails from this era. Other housing ages represented in Kenneth City include homes built between 1970-1999 ( 28.58%) and housing constructed between 2000 and later ( 0.94%).

Vacant housing appears to be an issue in Kenneth City. Fully 14.20% of the housing stock is classified as vacant. Left unchecked, vacant Kenneth City homes and apartments can be a drag on the real estate market, holding Kenneth City 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.

Kenneth City Home Appreciation Rates

Kenneth City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kenneth City during the period has been just -1.47%, which is lower than 80% of US communities.

Appreciation rates are so strong in Kenneth City that despite a nationwide downturn in the housing market, Kenneth City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kenneth City appreciation rates continue to be some of the highest in America, at 11.07%, which is higher than appreciation rates in 98.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kenneth City. Kenneth City appreciation rates in the latest quarter were at 3.75%, which equates to an annual appreciation rate of 15.85%.

Importantly, this makes Kenneth City 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 Kenneth City's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$142,250

Kenneth City, FL HOME PRICES

Value Range
> $1,441,000 0.8
$1,081,001 - $1,441,000 0.0
$720,001 - $1,081,000 0.3
$576,001 - $720,000 0.7
$432,001 - $576,000 0.2
$288,001 - $432,000 6.7
$144,001 - $288,000 40.5
$72,001 - $144,000 34.3
$0 - $72,000 16.7

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
54.4650699771623 73.9316239316239

Number Of Homes And Apartments:
1,819

Rent & Ownership

 

Average Market Rent:
$1,146 / per month

Homeownership Rate

Homeownership
Owners 67.04
Renters 32.96
Vacant 14.20

Housing Market Details

 

Age of Homes

AGE OF Kenneth City HOMES
2000 or Newer 0.9
1970 - 1999 28.6
1940 - 1969 70.5
1939 or Older 0.0

Types of Homes

TYPE OF Kenneth City HOMES
Single-Family 55.6
Townhomes 1.9
Small Apt. Buildings 2.7
Apt. Complexes 39.1
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Kenneth City HOMES
No Bedroom 0.00
1 Bedroom 11.75
2 Bedrooms 53.16
3 Bedrooms 29.76
4 Bedrooms 3.82
5 or more bedrooms 1.51

Kenneth City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
90.20% 3.85% 8 10
* 10 is highest