Keystone Heights, 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Keystone Heights, FL Housing Market Trends

With 1,537 people, 560 houses or apartments, and a median cost of homes of $225,162, Keystone Heights real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Keystone Heights, accounting for 96.23% of the city's housing units. Other types of housing that are prevalent in Keystone Heights include mobile homes or trailers ( 2.20%), duplexes, homes converted to apartments or other small apartment buildings ( 1.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Keystone Heights. Owner-occupied housing accounts for 69.29% of Keystone Heights's homes, and 70.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Keystone Heights 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 Keystone Heights built between 1940-1969 ( 40.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.18%). There's also some housing in Keystone Heights built before 1939 ( 2.83%).

Vacant housing appears to be an issue in Keystone Heights. Fully 12.09% of the housing stock is classified as vacant. Left unchecked, vacant Keystone Heights homes and apartments can be a drag on the real estate market, holding Keystone Heights 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.

Keystone Heights Home Appreciation Rates

In the last 10 years, Keystone Heights has experienced some of the highest home appreciation rates of any community in the nation. Keystone Heights real estate appreciated 61.79% over the last ten years, which is an average annual home appreciation rate of 4.93%, putting Keystone Heights in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Keystone Heights definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Keystone Heights that despite a nationwide downturn in the housing market, Keystone Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Keystone Heights appreciation rates continue to be some of the highest in America, at 9.13%, which is higher than appreciation rates in 85.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Keystone Heights. Keystone Heights appreciation rates in the latest quarter were at 2.54%, which equates to an annual appreciation rate of 10.54%.

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

Average Home Values

 

Median Home Value:
$225,162

Keystone Heights, FL HOME PRICES

> $1,400,000
0.0%
0.0%
$1,050,001 - $1,400,000
0.0%
0.0%
$700,001 - $1,050,000
0.0%
0.0%
$560,001 - $700,000
1.1%
1.1%
$420,001 - $560,000
12.5%
12.5%
$280,001 - $420,000
15.7%
15.7%
$140,001 - $280,000
45.6%
45.6%
$70,001 - $140,000
21.1%
21.1%
$0 - $70,000
4.0%
4.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
560

Keystone Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
121.44% 3.81%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,295 / per month

Homeownership Rate

Owners
69.3%
69.3%
Renters
30.7%
30.7%
Vacant
12.1%
12.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.2%
5.2%
1970 - 1999
51.3%
51.3%
1940 - 1969
40.7%
40.7%
1939 or Older
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
96.2%
96.2%
Townhomes
0.3%
0.3%
Small Apt. Buildings
1.3%
1.3%
Apt. Complexes
0.0%
0.0%
Mobile Homes
2.2%
2.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.0%
0.0%
2 Bedrooms
25.1%
25.1%
3 Bedrooms
57.8%
57.8%
4 Bedrooms
12.6%
12.6%
5 or more bedrooms
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Keystone Heights

Zip Codes in Keystone Heights, FL