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 about Scout's Real Estate Data
With a population of 31,396, 2,510 total housing units (homes and apartments), and a median house value of $603,369, Lithia house prices are not only among the most expensive in Florida, Lithia real estate also is some of the most expensive in all of America.
Lithia is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lithia than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lithia. Owner-occupied housing accounts for 80.53% of Lithia's homes, and 75.21% have either three or four bedrooms, which is average sized relative to America.
Lithia homes and real estate are some of the newest in America. 75.65% of Lithia'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 Lithia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 20.19%), and between 1940-1969 ( 3.71%).
In the last 10 years, Lithia has experienced some of the highest home appreciation rates of any community in the nation. Lithia real estate appreciated 160.27% over the last ten years, which is an average annual home appreciation rate of 10.04%, putting Lithia in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lithia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Lithia that despite a nationwide downturn in the housing market, Lithia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lithia appreciation rates continue to be some of the highest in America, at 21.95%, which is higher than appreciation rates in 99.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lithia. Lithia appreciation rates in the latest quarter were at 2.12%, which equates to an annual appreciation rate of 8.76%.
Relative to Florida, our data show that Lithia's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.
$4,643 / per month