Longwood, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Longwood Neighborhoods Since 2000




Longwood, 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

Longwood Housing Market Information

With a population of 14,085, 4,780 total housing units (homes and apartments), and a median house value of $227,718, Longwood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Longwood, accounting for 78.37% of the city's housing units. Other types of housing that are prevalent in Longwood include row houses and other attached homes ( 13.48%), large apartment complexes or high rise apartments ( 6.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Longwood. Owner-occupied housing accounts for 70.81% of Longwood's homes, and 70.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Longwood 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 Longwood built between 1940-1969 ( 16.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.76%).

Vacant housing appears to be an issue in Longwood. Fully 11.84% of the housing stock is classified as vacant. Left unchecked, vacant Longwood homes and apartments can be a drag on the real estate market, holding Longwood 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.

Longwood Home Appreciation Rates

Homes have actually lost value in Longwood over the last then years, as home values have seen a decline of 21.46% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Longwood home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

Appreciation rates are so strong in Longwood that despite a nationwide downturn in the housing market, Longwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Longwood appreciation rates continue to be some of the highest in America, at 8.86%, which is higher than appreciation rates in 90.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Longwood. Longwood appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Longwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Longwood's latest annual appreciation rate is higher than 50% 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 city. Individual neighborhoods within Longwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Longwood - 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 Longwood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$227,718

Longwood, FL HOME PRICES

Value Range
> $1,360,000 0.2
$1,020,001 - $1,360,000 0.0
$680,001 - $1,020,000 0.3
$544,001 - $680,000 2.2
$408,001 - $544,000 4.1
$272,001 - $408,000 22.9
$136,001 - $272,000 46.8
$68,001 - $136,000 20.5
$0 - $68,000 3.1

High for FL
High for Nation

Value Relative to Nation Value Relative to State
26.2100082034454 37.1794871794872

Number Of Homes And Apartments:
4,780

Longwood 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
70.57% 3.14% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,473 / per month

Homeownership Rate

Homeownership
Owners 70.81
Renters 29.19
Vacant 11.84

Housing Market Details

 

Age of Homes

AGE OF Longwood HOMES
2000 or Newer 7.8
1970 - 1999 74.3
1940 - 1969 16.9
1939 or Older 1.0

Types of Homes

TYPE OF Longwood HOMES
Single-Family 78.4
Townhomes 13.5
Small Apt. Buildings 1.2
Apt. Complexes 6.3
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Longwood HOMES
No Bedroom 0.94
1 Bedroom 8.15
2 Bedrooms 16.62
3 Bedrooms 52.07
4 Bedrooms 18.50
5 or more bedrooms 3.73