Medley, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Medley Neighborhoods Since 2000




Medley, 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

Medley Housing Market Information

With a population of 851, 356 total housing units (homes and apartments), and a median house value of $216,624, Medley real estate prices are well above average cost compared to national prices.

Mobile homes or trailers are the single most common housing type in Medley, accounting for 59.95% of the town's housing units. Other types of housing that are prevalent in Medley include single-family detached homes ( 23.26%), duplexes, homes converted to apartments or other small apartment buildings ( 11.37%), and a few row houses and other attached homes ( 2.33%).

People in Medley primarily live in small (one, two or no bedroom) mobile homes or trailers. Medley has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Medley 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 Medley built between 1940-1969 ( 24.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.60%). There's also some housing in Medley built before 1939 ( 2.84%).

Medley Home Appreciation Rates

Medley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Medley during the period has been just -1.93%, which is lower than 80% of US communities.

Appreciation rates are so strong in Medley that despite a nationwide downturn in the housing market, Medley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Medley appreciation rates continue to be some of the highest in America, at 6.64%, which is higher than appreciation rates in 78.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Medley. Medley appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Medley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Medley's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$216,624

Medley, FL HOME PRICES

Value Range
> $1,370,000 0.0
$1,027,001 - $1,370,000 4.9
$685,001 - $1,027,000 0.2
$548,001 - $685,000 2.1
$411,001 - $548,000 2.4
$274,001 - $411,000 26.9
$137,001 - $274,000 24.3
$68,001 - $137,000 19.2
$0 - $68,000 19.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
28.3839212469237 40.1709401709402

Number Of Homes And Apartments:
356

Medley 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
87.02% 3.70% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,447 / per month

Homeownership Rate

Homeownership
Owners 62.08
Renters 37.92
Vacant 8.01

Housing Market Details

 

Age of Homes

AGE OF Medley HOMES
2000 or Newer 18.6
1970 - 1999 54.5
1940 - 1969 24.0
1939 or Older 2.8

Types of Homes

TYPE OF Medley HOMES
Single-Family 23.3
Townhomes 2.3
Small Apt. Buildings 11.4
Apt. Complexes 1.8
Mobile Homes 59.9
Other 1.3

Home Size

SIZE OF Medley HOMES
No Bedroom 1.29
1 Bedroom 15.76
2 Bedrooms 57.11
3 Bedrooms 17.31
4 Bedrooms 8.53
5 or more bedrooms 0.00