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 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.
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.
|$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|
|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 Mary Esther HOMES|
|2000 or Newer||2.6|
|1970 - 1999||50.0|
|1940 - 1969||46.5|
|1939 or Older||0.8|
|TYPE OF Mary Esther HOMES|
|Small Apt. Buildings||3.1|
|SIZE OF Mary Esther HOMES|
|5 or more bedrooms||2.93|