Largo FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Largo, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Largo Housing Market Information

With 84,996 people, 37,327 houses or apartments, and a median cost of homes of $154,471, house prices in Largo are solidly below the national average.

Large apartment complexes or high rise apartments are the single most common housing type in Largo, accounting for 31.48% of the city's housing units. Other types of housing that are prevalent in Largo include single-family detached homes ( 29.00%), mobile homes or trailers ( 26.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.60%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Largo primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Largo has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Largo 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 Largo built between 1940-1969 ( 23.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.69%).

Vacant housing appears to be an issue in Largo. Fully 20.46% of the housing stock is classified as vacant. Left unchecked, vacant Largo homes and apartments can be a drag on the real estate market, holding Largo 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.

Largo Home Appreciation Rates

In the last 10 years, Largo has experienced some of the highest home appreciation rates of any community in the nation. Largo real estate appreciated 66.49% over the last ten years, which is an average annual home appreciation rate of 5.23%, putting Largo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Largo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Largo's appreciation rate, at 6.46%, has been at or slightly above the national average. In the latest quarter, Largo's appreciation rate has been 1.05%, which annualizes to a rate of 4.29%.

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

Average Home Values

 

Median Home Value:
$154,471

Largo, FL HOME PRICES

Value Range
> $1,343,000 0.8
$1,007,001 - $1,343,000 0.6
$671,001 - $1,007,000 1.3
$537,001 - $671,000 1.4
$403,001 - $537,000 5.8
$269,001 - $403,000 16.4
$134,001 - $269,000 29.1
$67,001 - $134,000 18.6
$0 - $67,000 26.1

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
58.5401459854015 75.1063829787234

Number Of Homes And Apartments:
37,327

Largo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
114.72% 3.85%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,386 / per month

Homeownership Rate

Homeownership
Owners 56.11
Renters 43.89
Vacant 20.46

Housing Market Details

 

Age of Homes

AGE OF Largo HOMES
2000 or Newer 7.7
1970 - 1999 68.1
1940 - 1969 23.4
1939 or Older 0.8

Types of Homes

TYPE OF Largo HOMES
Single-Family 29.0
Townhomes 5.6
Small Apt. Buildings 7.6
Apt. Complexes 31.5
Mobile Homes 26.2
Other 0.1

Home Size

SIZE OF Largo HOMES
No Bedroom 2.76
1 Bedroom 18.79
2 Bedrooms 51.72
3 Bedrooms 20.41
4 Bedrooms 5.17
5 or more bedrooms 1.15