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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 17,463, 7,049 total housing units (homes and apartments), and a median house value of $355,640, real estate costs in Maitland 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.
Large apartment complexes or high rise apartments are the single most common housing type in Maitland, accounting for 45.09% of the city's housing units. Other types of housing that are prevalent in Maitland include single-family detached homes ( 43.92%), row houses and other attached homes ( 8.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.29%). 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 55.70% owning and 44.30% 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 1940-1969 ( 28.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.71%).
Vacant housing appears to be an issue in Maitland. Fully 14.49% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Maitland during the period has been just -1.53%, which is lower than 80% of US communities.
Appreciation rates are so strong in Maitland that despite a nationwide downturn in the housing market, Maitland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Maitland appreciation rates continue to be some of the highest in America, at 10.40%, which is higher than appreciation rates in 94.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Maitland. Maitland appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.
Importantly, this makes Maitland 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 Maitland's latest annual appreciation rate is higher 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.
|$992,001 - $1,322,000||2.4|
|$661,001 - $992,000||9.5|
|$529,001 - $661,000||8.8|
|$397,001 - $529,000||20.2|
|$264,001 - $397,000||16.3|
|$132,001 - $264,000||21.9|
|$66,001 - $132,000||14.6|
|$0 - $66,000||4.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Maitland HOMES|
|2000 or Newer||20.7|
|1970 - 1999||50.0|
|1940 - 1969||28.9|
|1939 or Older||0.4|
|TYPE OF Maitland HOMES|
|Small Apt. Buildings||2.3|
|SIZE OF Maitland HOMES|
|5 or more bedrooms||4.55|