Mary Esther, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mary Esther, 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

Mary Esther Housing Market Information

With 4,238 people, 1,766 houses or apartments, and a median cost of homes of $185,016, Mary Esther real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mary Esther, accounting for 84.28% of the city's housing units. Other types of housing that are prevalent in Mary Esther include large apartment complexes or high rise apartments ( 11.17%), duplexes, homes converted to apartments or other small apartment buildings ( 3.13%), and a few row houses and other attached homes ( 1.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mary Esther. Owner-occupied housing accounts for 68.59% of Mary Esther's homes, and 73.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mary Esther 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 Mary Esther built between 1940-1969 ( 46.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.63%).

Vacant housing appears to be an issue in Mary Esther. Fully 10.76% of the housing stock is classified as vacant. Left unchecked, vacant Mary Esther homes and apartments can be a drag on the real estate market, holding Mary Esther 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.

Mary Esther Home Appreciation Rates

Homes have actually lost value in Mary Esther over the last then years, as home values have seen a decline of 22.60% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mary Esther home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.41%.

Appreciation rates are so strong in Mary Esther that despite a nationwide downturn in the housing market, Mary Esther real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mary Esther appreciation rates continue to be some of the highest in America, at 6.63%, which is higher than appreciation rates in 78.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mary Esther. Mary Esther appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.41%.

Importantly, this makes Mary Esther 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 Mary Esther's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$185,016

Mary Esther, FL HOME PRICES

Value Range
> $1,173,000 2.5
$880,001 - $1,173,000 0.8
$587,001 - $880,000 3.5
$469,001 - $587,000 1.7
$352,001 - $469,000 1.5
$235,001 - $352,000 17.7
$117,001 - $235,000 49.4
$59,001 - $117,000 18.3
$0 - $59,000 4.5

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
36.4115785772882 52.3504273504274

Number Of Homes And Apartments:
1,766

Mary Esther 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
53.36% 2.51% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,235 / per month

Homeownership Rate

Homeownership
Owners 68.59
Renters 31.41
Vacant 10.76

Housing Market Details

 

Age of Homes

AGE OF Mary Esther HOMES
2000 or Newer 2.6
1970 - 1999 50.0
1940 - 1969 46.5
1939 or Older 0.8

Types of Homes

TYPE OF Mary Esther HOMES
Single-Family 84.3
Townhomes 1.1
Small Apt. Buildings 3.1
Apt. Complexes 11.2
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Mary Esther HOMES
No Bedroom 0.51
1 Bedroom 5.91
2 Bedrooms 16.98
3 Bedrooms 52.55
4 Bedrooms 21.12
5 or more bedrooms 2.93

Popular Neighborhoods in Mary Esther

Zip Codes in Mary Esther, FL