Lithia, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lithia Neighborhoods Since 2000




Lithia, FL Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lithia Housing Market Information

With a population of 21,844, 1,505 total housing units (homes and apartments), and a median house value of $344,990, 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 81.42% of Lithia's homes, and 76.49% 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. 66.62% 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 ( 28.78%), and between 1940-1969 ( 4.48%).

Lithia Home Appreciation Rates

Lithia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lithia during the period has been just -1.53%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lithia's appreciation rate, at 4.92%, has been at or slightly above the national average. In the latest quarter, Lithia's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.

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:
$344,990

Lithia, FL HOME PRICES

Value Range
> $1,276,000 0.2
$957,001 - $1,276,000 2.2
$637,001 - $957,000 8.6
$510,001 - $637,000 11.1
$382,001 - $510,000 16.1
$255,001 - $382,000 24.5
$127,001 - $255,000 26.5
$64,001 - $127,000 6.5
$0 - $64,000 4.3

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
12.5747099496074 22.4358974358974

Number Of Homes And Apartments:
1,505

Lithia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
69.62% 3.11% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,865 / per month

Homeownership Rate

Homeownership
Owners 81.42
Renters 18.58
Vacant 8.16

Housing Market Details

 

Age of Homes

AGE OF Lithia HOMES
2000 or Newer 66.6
1970 - 1999 28.8
1940 - 1969 4.5
1939 or Older 0.1

Types of Homes

TYPE OF Lithia HOMES
Single-Family 73.7
Townhomes 8.1
Small Apt. Buildings 4.2
Apt. Complexes 1.4
Mobile Homes 12.6
Other 0.0

Home Size

SIZE OF Lithia HOMES
No Bedroom 0.64
1 Bedroom 0.42
2 Bedrooms 11.27
3 Bedrooms 37.60
4 Bedrooms 38.89
5 or more bedrooms 11.19