Chipola Terrace median real estate price is $196,564, which is more expensive than 49.5% of the neighborhoods in Florida and 52.4% of the neighborhoods in the U.S.
The average rental price in Chipola Terrace is currently $1,004, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 83.0% of Florida neighborhoods.
Chipola Terrace is a rural neighborhood (based on population density) located in Marianna, Florida.
Chipola Terrace real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Chipola Terrace neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Chipola Terrace. The current real estate vacancy rate here is 24.7%. This is higher than the rate of vacancies in 90.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.