Lithia, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Lithia, FL Housing Market Trends

With 23,984 people, 1,924 houses or apartments, and a median cost of homes of $425,756, real estate costs in Lithia are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

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 82.84% of Lithia's homes, and 76.79% 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. 73.42% 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 ( 22.63%), and between 1940-1969 ( 3.48%).

Lithia Home Appreciation Rates

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 87.97% over the last ten years, which is an average annual home appreciation rate of 6.51%, putting Lithia in the top 20% 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.

NeighborhoodScout's data show that during the latest twelve months, Lithia's appreciation rate, at 9.33%, has been at or slightly above the national average. In the latest quarter, Lithia's appreciation rate has been 4.03%, which annualizes to a rate of 17.10%.

Importantly, this makes Lithia 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 Lithia's latest annual appreciation rate is lower than 70% 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 Lithia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lithia - 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 Lithia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$425,756

Lithia, FL HOME PRICES

> $1,293,000
1.2%
1.2%
$970,001 - $1,293,000
3.6%
3.6%
$647,001 - $970,000
10.9%
10.9%
$517,001 - $647,000
13.5%
13.5%
$388,001 - $517,000
23.8%
23.8%
$259,001 - $388,000
22.2%
22.2%
$129,001 - $259,000
18.6%
18.6%
$64,001 - $129,000
3.6%
3.6%
$0 - $64,000
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
1,924

Lithia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
131.91% 3.99%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,804 / per month

Homeownership Rate

Owners
82.8%
82.8%
Renters
17.2%
17.2%
Vacant
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
73.4%
73.4%
1970 - 1999
22.6%
22.6%
1940 - 1969
3.5%
3.5%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.3%
79.3%
Townhomes
9.0%
9.0%
Small Apt. Buildings
1.6%
1.6%
Apt. Complexes
2.0%
2.0%
Mobile Homes
8.0%
8.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
0.5%
0.5%
2 Bedrooms
10.8%
10.8%
3 Bedrooms
33.8%
33.8%
4 Bedrooms
43.0%
43.0%
5 or more bedrooms
11.6%
11.6%
0.0% 100.0%
% OF HOMES