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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lecanto, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Lecanto, FL Housing Market Trends

With a population of 6,301, 2,405 total housing units (homes and apartments), and a median house value of $260,029, Lecanto 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 Lecanto, accounting for 67.30% of the town's housing units. Other types of housing that are prevalent in Lecanto include mobile homes or trailers ( 28.35%), large apartment complexes or high rise apartments ( 3.22%), and a few row houses and other attached homes ( 1.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lecanto. Owner-occupied housing accounts for 75.11% of Lecanto's homes, and 72.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lecanto 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 Lecanto built between 2000 and later ( 27.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.68%).

Vacant housing appears to be an issue in Lecanto. Fully 12.03% of the housing stock is classified as vacant. Left unchecked, vacant Lecanto homes and apartments can be a drag on the real estate market, holding Lecanto 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.

Lecanto Home Appreciation Rates

In the last 10 years, Lecanto has experienced some of the highest home appreciation rates of any community in the nation. Lecanto real estate appreciated 180.87% over the last ten years, which is an average annual home appreciation rate of 10.88%, putting Lecanto in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lecanto definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Lecanto appreciation rates have trailed the rest of the nation. In the last twelve months, Lecanto's appreciation rate has been 6.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lecanto were at -0.79%, which equates to an annual appreciation rate of -3.14%.

Notably, Lecanto's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Lecanto's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$260,029

Lecanto, FL Home Prices
> $1,537,000
$1,153,001 - $1,537,000
$769,001 - $1,153,000
$614,001 - $769,000
$461,001 - $614,000
$308,001 - $461,000
$153,001 - $308,000
$77,001 - $153,000
$0 - $77,000
0.9%
0.9%
0.4%
0.4%
4.3%
4.3%
4.5%
4.5%
20.1%
20.1%
19.9%
19.9%
28.7%
28.7%
11.0%
11.0%
10.2%
10.2%
0% 100.0%
% of Homes
Low

for Florida

Average

for nation

Number of Homes And Apartments:

2,405

Lecanto Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,886 / per month

Homeownership Rate

Owners
Renters
75.1%
75.1%
24.9%
24.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.0%
12.0%
88.0%
88.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.9%
27.9%
66.8%
66.8%
4.7%
4.7%
0.7%
0.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
1.1%
1.1%
0.0%
0.0%
3.2%
3.2%
28.3%
28.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.6%
3.6%
1.6%
1.6%
20.3%
20.3%
57.8%
57.8%
14.7%
14.7%
2.0%
2.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Lecanto

Zip Codes in Lecanto, FL