Lutz, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lutz Neighborhoods Since 2000




Lutz, 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

Lutz Housing Market Information

With a population of 20,759, 7,511 total housing units (homes and apartments), and a median house value of $317,438, real estate costs in Lutz 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.

Single-family detached homes are the single most common housing type in Lutz, accounting for 82.59% of the town's housing units. Other types of housing that are prevalent in Lutz include mobile homes or trailers ( 9.53%), large apartment complexes or high rise apartments ( 6.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lutz. Owner-occupied housing accounts for 83.23% of Lutz's homes, and 74.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lutz 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 Lutz built between 2000 and later ( 19.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.34%). There's also some housing in Lutz built before 1939 ( 1.46%).

Lutz Home Appreciation Rates

Lutz's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lutz during the period has been just -1.50%, which is lower than 80% of US communities.

Appreciation rates are so strong in Lutz that despite a nationwide downturn in the housing market, Lutz real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lutz appreciation rates continue to be some of the highest in America, at 7.86%, which is higher than appreciation rates in 86.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lutz. Lutz appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

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

Average Home Values

 

Median Home Value:
$317,438

Lutz, FL HOME PRICES

Value Range
> $1,287,000 1.1
$965,001 - $1,287,000 1.4
$643,001 - $965,000 5.9
$515,001 - $643,000 6.5
$386,001 - $515,000 13.5
$257,001 - $386,000 30.4
$128,001 - $257,000 27.5
$64,001 - $128,000 6.7
$0 - $64,000 7.0

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
14.7720614086488 25.8547008547009

Number Of Homes And Apartments:
7,511

Lutz 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
70.52% 3.14% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,377 / per month

Homeownership Rate

Homeownership
Owners 83.23
Renters 16.77
Vacant 8.38

Housing Market Details

 

Age of Homes

AGE OF Lutz HOMES
2000 or Newer 19.5
1970 - 1999 68.7
1940 - 1969 10.3
1939 or Older 1.5

Types of Homes

TYPE OF Lutz HOMES
Single-Family 82.6
Townhomes 0.8
Small Apt. Buildings 0.4
Apt. Complexes 6.7
Mobile Homes 9.5
Other 0.0

Home Size

SIZE OF Lutz HOMES
No Bedroom 1.89
1 Bedroom 6.20
2 Bedrooms 13.36
3 Bedrooms 41.44
4 Bedrooms 32.74
5 or more bedrooms 4.38