Maitland, 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 Q4 2020. 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

Maitland, FL Housing Market Trends

With 17,652 people, 7,171 houses or apartments, and a median cost of homes of $347,022, Maitland real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Maitland, accounting for 43.66% of the city's housing units. Other types of housing that are prevalent in Maitland include single-family detached homes ( 40.42%), row houses and other attached homes ( 10.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.19%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Maitland are three and four bedroom dwellings. The city has a mixture of owners and renters, with 48.68% owning and 51.32% renting.

There is a lot of housing in Maitland 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 Maitland built between 2000 and later ( 29.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.73%).

Vacant housing appears to be an issue in Maitland. Fully 13.45% of the housing stock is classified as vacant. Left unchecked, vacant Maitland homes and apartments can be a drag on the real estate market, holding Maitland 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.

Maitland Home Appreciation Rates

In the last 10 years, Maitland has experienced some of the highest home appreciation rates of any community in the nation. Maitland real estate appreciated 73.47% over the last ten years, which is an average annual home appreciation rate of 5.66%, putting Maitland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Maitland 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, Maitland's appreciation rate, at 6.14%, has been at or slightly above the national average. In the latest quarter, Maitland's appreciation rate has been 2.53%, which annualizes to a rate of 10.53%.

Relative to Florida, our data show that Maitland's latest annual appreciation rate is lower than 60% 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 Maitland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maitland - 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 Maitland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$347,022

Maitland, FL HOME PRICES

> $1,258,000
3.5%
3.5%
$944,001 - $1,258,000
5.3%
5.3%
$629,001 - $944,000
16.4%
16.4%
$504,001 - $629,000
12.3%
12.3%
$378,001 - $504,000
13.4%
13.4%
$251,001 - $378,000
18.1%
18.1%
$126,001 - $251,000
21.2%
21.2%
$63,001 - $126,000
8.8%
8.8%
$0 - $63,000
1.0%
1.0%
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:
7,171

Maitland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
109.45% 3.58%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,886 / per month

Homeownership Rate

Owners
48.7%
48.7%
Renters
51.3%
51.3%
Vacant
13.4%
13.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
29.8%
29.8%
1970 - 1999
40.1%
40.1%
1940 - 1969
29.7%
29.7%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
40.4%
40.4%
Townhomes
10.7%
10.7%
Small Apt. Buildings
5.2%
5.2%
Apt. Complexes
43.7%
43.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
17.2%
17.2%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
27.8%
27.8%
4 Bedrooms
20.5%
20.5%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES