Micanopy, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Micanopy, FL Real Estate Data


Micanopy Housing Market Information

With 630 people, 283 houses or apartments, and a median cost of homes of $130,302, house prices in Micanopy are solidly below the national average.

Single-family detached homes are the single most common housing type in Micanopy, accounting for 80.66% of the town's housing units. Other types of housing that are prevalent in Micanopy include mobile homes or trailers ( 10.57%), duplexes, homes converted to apartments or other small apartment buildings ( 4.23%), and a few large apartment complexes or high rise apartments ( 3.02%).

Dwellings in Micanopy tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.89% of the homes in Micanopy have two or fewer bedrooms.

There is a lot of housing in Micanopy 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 Micanopy built between 1940-1969 ( 29.61%). A lesser amount of the housing stock also hails from before 1939 ( 16.92%). There's also some housing in Micanopy built between 2000 and later ( 10.57%).

Vacant housing appears to be an issue in Micanopy. Fully 14.50% of the housing stock is classified as vacant. Left unchecked, vacant Micanopy homes and apartments can be a drag on the real estate market, holding Micanopy 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.

Micanopy Home Appreciation Rates

Homes have actually lost value in Micanopy over the last then years, as home values have seen a decline of 25.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Micanopy home appreciation rates at -1.03%, which equates to an annual appreciation rate of -4.06%.

Over the last year, Micanopy appreciation rates have trailed the rest of the nation. In the last twelve months, Micanopy's appreciation rate has been 1.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Micanopy were at -1.03%, which equates to an annual appreciation rate of -4.06%.

Notably, Micanopy's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Micanopy's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$130,302

Micanopy, FL HOME PRICES

Value Range
> $1,022,000 0.2
$767,001 - $1,022,000 2.3
$511,001 - $767,000 2.3
$409,001 - $511,000 4.2
$307,001 - $409,000 9.2
$205,001 - $307,000 16.0
$102,001 - $205,000 28.4
$51,001 - $102,000 25.6
$0 - $51,000 11.9

Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
60.6136909293201 77.991452991453

Number Of Homes And Apartments:
283

Rent & Ownership

 

Average Market Rent:
$1,045 / per month

Homeownership Rate

Homeownership
Owners 79.51
Renters 20.49
Vacant 14.50

Housing Market Details

 

Age of Homes

AGE OF Micanopy HOMES
2000 or Newer 10.6
1970 - 1999 42.9
1940 - 1969 29.6
1939 or Older 16.9

Types of Homes

TYPE OF Micanopy HOMES
Single-Family 80.7
Townhomes 1.5
Small Apt. Buildings 4.2
Apt. Complexes 3.0
Mobile Homes 10.6
Other 0.0

Home Size

SIZE OF Micanopy HOMES
No Bedroom 0.00
1 Bedroom 6.95
2 Bedrooms 48.94
3 Bedrooms 39.88
4 Bedrooms 4.23
5 or more bedrooms 0.00

Micanopy Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.62% 1.98% 2 5
* 10 is highest

Popular Neighborhoods in Micanopy

Zip Codes in Micanopy, FL