Lehigh Acres, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lehigh Acres Neighborhoods Since 2000




Lehigh Acres, FL Real Estate Data


Lehigh Acres Housing Market Information

With a population of 94,342, 30,887 total housing units (homes and apartments), and a median house value of $151,061, Lehigh Acres 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 Lehigh Acres, accounting for 79.40% of the town's housing units. Other types of housing that are prevalent in Lehigh Acres include row houses and other attached homes ( 11.07%), duplexes, homes converted to apartments or other small apartment buildings ( 4.26%), and a few large apartment complexes or high rise apartments ( 4.24%).

The most prevalent building size and type in Lehigh Acres are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.56% owning and 42.44% renting.

Lehigh Acres homes and real estate are some of the newest in America. 57.76% of Lehigh Acres's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lehigh Acres real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.22%), and between 1940-1969 ( 8.75%).

Vacant housing appears to be an issue in Lehigh Acres. Fully 20.40% of the housing stock is classified as vacant. Left unchecked, vacant Lehigh Acres homes and apartments can be a drag on the real estate market, holding Lehigh Acres 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.

Lehigh Acres Home Appreciation Rates

Homes have actually lost value in Lehigh Acres over the last then years, as home values have seen a decline of 36.72% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lehigh Acres home appreciation rates at 2.92%, which equates to an annual appreciation rate of 12.18%.

Appreciation rates are so strong in Lehigh Acres that despite a nationwide downturn in the housing market, Lehigh Acres real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lehigh Acres appreciation rates continue to be some of the highest in America, at 12.46%, which is higher than appreciation rates in 99.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lehigh Acres. Lehigh Acres appreciation rates in the latest quarter were at 2.92%, which equates to an annual appreciation rate of 12.18%.

Importantly, this makes Lehigh Acres 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 Lehigh Acres's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Lehigh Acres differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lehigh Acres - 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 Lehigh Acres real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$151,061

Lehigh Acres, FL HOME PRICES

Value Range
> $1,640,000 0.4
$1,230,001 - $1,640,000 0.1
$820,001 - $1,230,000 0.2
$656,001 - $820,000 0.3
$492,001 - $656,000 1.5
$328,001 - $492,000 6.5
$164,001 - $328,000 27.3
$82,001 - $164,000 48.2
$0 - $82,000 15.6

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
50.2898635591732 68.5897435897436

Number Of Homes And Apartments:
30,887

Rent & Ownership

 

Average Market Rent:
$1,136 / per month

Homeownership Rate

Homeownership
Owners 57.56
Renters 42.44
Vacant 20.40

Housing Market Details

 

Age of Homes

AGE OF Lehigh Acres HOMES
2000 or Newer 57.8
1970 - 1999 33.2
1940 - 1969 8.7
1939 or Older 0.3

Types of Homes

TYPE OF Lehigh Acres HOMES
Single-Family 79.4
Townhomes 11.1
Small Apt. Buildings 4.3
Apt. Complexes 4.2
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Lehigh Acres HOMES
No Bedroom 0.45
1 Bedroom 3.30
2 Bedrooms 20.39
3 Bedrooms 63.53
4 Bedrooms 11.75
5 or more bedrooms 0.58

Lehigh Acres 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
49.52% 2.39% 2 6
* 10 is highest