Largo, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Largo Neighborhoods Since 2000




Largo, FL Real Estate Data


Largo Housing Market Information

With 81,000 people, 35,683 houses or apartments, and a median cost of homes of $150,894, Largo real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Largo, accounting for 31.40% of the city's housing units. Other types of housing that are prevalent in Largo include single-family detached homes ( 28.25%), mobile homes or trailers ( 27.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.77%). 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 ( 21.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.31%). There's also some housing in Largo built before 1939 ( 1.29%).

Vacant housing appears to be an issue in Largo. Fully 21.85% 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

Largo's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Largo during the period has been just -1.81%, which is lower than 80% of US communities.

Appreciation rates are so strong in Largo that despite a nationwide downturn in the housing market, Largo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Largo appreciation rates continue to be some of the highest in America, at 9.75%, which is higher than appreciation rates in 97.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Largo. Largo appreciation rates in the latest quarter were at 3.75%, which equates to an annual appreciation rate of 15.85%.

Importantly, this makes Largo 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 Largo'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 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:
$150,894

Largo, FL HOME PRICES

Value Range
> $1,397,000 0.9
$1,048,001 - $1,397,000 0.5
$698,001 - $1,048,000 1.1
$559,001 - $698,000 1.0
$419,001 - $559,000 3.1
$279,001 - $419,000 11.5
$140,001 - $279,000 32.3
$70,001 - $140,000 22.0
$0 - $70,000 27.7

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
50.3659893423903 69.017094017094

Number Of Homes And Apartments:
35,683

Rent & Ownership

 

Average Market Rent:
$1,251 / per month

Homeownership Rate

Homeownership
Owners 55.05
Renters 44.95
Vacant 21.85

Housing Market Details

 

Age of Homes

AGE OF Largo HOMES
2000 or Newer 5.3
1970 - 1999 72.0
1940 - 1969 21.4
1939 or Older 1.3

Types of Homes

TYPE OF Largo HOMES
Single-Family 28.3
Townhomes 4.9
Small Apt. Buildings 7.8
Apt. Complexes 31.4
Mobile Homes 27.5
Other 0.2

Home Size

SIZE OF Largo HOMES
No Bedroom 2.26
1 Bedroom 19.97
2 Bedrooms 52.91
3 Bedrooms 18.98
4 Bedrooms 4.82
5 or more bedrooms 1.06

Largo 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
65.88% 3.02% 5 8
* 10 is highest