Kissimmee, 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 Q2 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

Kissimmee, FL Housing Market Trends

With 72,717 people, 22,210 houses or apartments, and a median cost of homes of $224,821, Kissimmee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Kissimmee, accounting for 43.73% of the city's housing units. Other types of housing that are prevalent in Kissimmee include large apartment complexes or high rise apartments ( 32.50%), duplexes, homes converted to apartments or other small apartment buildings ( 10.50%), and a few row houses and other attached homes ( 9.90%).

The most prevalent building size and type in Kissimmee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.11% owning and 58.89% renting.

There is a lot of housing in Kissimmee 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 Kissimmee built between 2000 and later ( 30.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.31%). There's also some housing in Kissimmee built before 1939 ( 1.30%).

Vacant housing appears to be an issue in Kissimmee. Fully 23.29% of the housing stock is classified as vacant. Left unchecked, vacant Kissimmee homes and apartments can be a drag on the real estate market, holding Kissimmee 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.

Kissimmee Home Appreciation Rates

In the last 10 years, Kissimmee has experienced some of the highest home appreciation rates of any community in the nation. Kissimmee real estate appreciated 191.35% over the last ten years, which is an average annual home appreciation rate of 11.29%, putting Kissimmee in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kissimmee 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 Kissimmee that despite a nationwide downturn in the housing market, Kissimmee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kissimmee appreciation rates continue to be some of the highest in America, at 10.44%, which is higher than appreciation rates in 70.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kissimmee. Kissimmee appreciation rates in the latest quarter were at 3.20%, which equates to an annual appreciation rate of 13.42%.

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

Average Home Values

 

Median Home Value:
$224,821

Kissimmee, FL HOME PRICES

> $1,429,000
0.7%
0.7%
$1,071,001 - $1,429,000
0.3%
0.3%
$714,001 - $1,071,000
0.8%
0.8%
$571,001 - $714,000
0.5%
0.5%
$428,001 - $571,000
11.7%
11.7%
$286,001 - $428,000
24.2%
24.2%
$143,001 - $286,000
41.5%
41.5%
$71,001 - $143,000
11.5%
11.5%
$0 - $71,000
8.8%
8.8%
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:
22,210

Kissimmee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
149.08% 4.34%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,728 / per month

Homeownership Rate

Owners
41.1%
41.1%
Renters
58.9%
58.9%
Vacant
23.3%
23.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.6%
30.6%
1970 - 1999
59.8%
59.8%
1940 - 1969
8.3%
8.3%
1939 or Older
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.7%
43.7%
Townhomes
9.9%
9.9%
Small Apt. Buildings
10.5%
10.5%
Apt. Complexes
32.5%
32.5%
Mobile Homes
3.4%
3.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
11.4%
11.4%
2 Bedrooms
31.1%
31.1%
3 Bedrooms
39.8%
39.8%
4 Bedrooms
13.3%
13.3%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES