Lynn Haven, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lynn Haven Neighborhoods Since 2000




Lynn Haven, 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

Lynn Haven Housing Market Information

With 20,156 people, 7,238 houses or apartments, and a median cost of homes of $189,338, Lynn Haven real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lynn Haven, accounting for 68.51% of the city's housing units. Other types of housing that are prevalent in Lynn Haven include large apartment complexes or high rise apartments ( 14.39%), duplexes, homes converted to apartments or other small apartment buildings ( 6.19%), and a few row houses and other attached homes ( 6.07%).

The most prevalent building size and type in Lynn Haven are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.74% owning and 35.26% renting.

There is a lot of housing in Lynn Haven 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 Lynn Haven built between 2000 and later ( 27.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.70%). There's also some housing in Lynn Haven built before 1939 ( 5.00%).

Lynn Haven Home Appreciation Rates

Lynn Haven's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lynn Haven during the period has been just -2.10%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lynn Haven's appreciation rate, at 4.78%, has been at or slightly above the national average. In the latest quarter, Lynn Haven's appreciation rate has been -1.38%, which annualizes to a rate of -5.42%.

Notably, Lynn Haven's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Lynn Haven'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 city. Individual neighborhoods within Lynn Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lynn Haven - 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 Lynn Haven real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$189,338

Lynn Haven, FL HOME PRICES

Value Range
> $1,142,000 0.0
$856,001 - $1,142,000 1.3
$571,001 - $856,000 1.0
$457,001 - $571,000 1.8
$342,001 - $457,000 9.6
$228,001 - $342,000 25.3
$114,001 - $228,000 41.7
$57,001 - $114,000 13.0
$0 - $57,000 6.2

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
35.0638696824095 49.3589743589744

Number Of Homes And Apartments:
7,238

Lynn Haven 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
53.04% 2.50% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,272 / per month

Homeownership Rate

Homeownership
Owners 64.74
Renters 35.26
Vacant 8.54

Housing Market Details

 

Age of Homes

AGE OF Lynn Haven HOMES
2000 or Newer 27.7
1970 - 1999 54.6
1940 - 1969 12.7
1939 or Older 5.0

Types of Homes

TYPE OF Lynn Haven HOMES
Single-Family 68.5
Townhomes 6.1
Small Apt. Buildings 6.2
Apt. Complexes 14.4
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Lynn Haven HOMES
No Bedroom 0.21
1 Bedroom 7.58
2 Bedrooms 22.07
3 Bedrooms 48.38
4 Bedrooms 19.50
5 or more bedrooms 2.25

Zip Codes in Lynn Haven, FL