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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 11,136, 3,884 total housing units (homes and apartments), and a median house value of $146,840, Lantana 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 Lantana, accounting for 46.94% of the town's housing units. Other types of housing that are prevalent in Lantana include large apartment complexes or high rise apartments ( 32.59%), duplexes, homes converted to apartments or other small apartment buildings ( 14.09%), and a few row houses and other attached homes ( 4.72%).
People in Lantana primarily live in small (one, two or no bedroom) single-family detached homes. Lantana has a mixture of owner-occupied and renter-occupied housing.
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. Lantana's housing was primarily built during this period, from the '40s through the '60s. A full 50.19% of the town's housing hails from this era. Other housing ages represented in Lantana include homes built between 1970-1999 ( 39.13%) and housing constructed between 2000 and later ( 8.69%). There's also some housing in Lantana built before 1939 ( 1.99%).
Vacant housing appears to be an issue in Lantana. Fully 22.05% of the housing stock is classified as vacant. Left unchecked, vacant Lantana homes and apartments can be a drag on the real estate market, holding Lantana 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.
Homes have actually lost value in Lantana over the last then years, as home values have seen a decline of 25.66% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lantana home appreciation rates at 1.80%, which equates to an annual appreciation rate of 7.39%.
Appreciation rates are so strong in Lantana that despite a nationwide downturn in the housing market, Lantana real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lantana appreciation rates continue to be some of the highest in America, at 9.04%, which is higher than appreciation rates in 90.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lantana. Lantana appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.
Importantly, this makes Lantana 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 Lantana's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
|$1,051,001 - $1,401,000||1.0|
|$700,001 - $1,051,000||1.5|
|$561,001 - $700,000||1.3|
|$420,001 - $561,000||1.7|
|$280,001 - $420,000||9.1|
|$140,001 - $280,000||37.8|
|$70,001 - $140,000||37.0|
|$0 - $70,000||6.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Lantana HOMES|
|2000 or Newer||8.7|
|1970 - 1999||39.1|
|1940 - 1969||50.2|
|1939 or Older||2.0|
|TYPE OF Lantana HOMES|
|Small Apt. Buildings||14.1|
|SIZE OF Lantana HOMES|
|5 or more bedrooms||1.44|