Micanopy, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Micanopy Neighborhoods Since 2000




Micanopy, 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

Micanopy Housing Market Information

With a population of 630, 293 total housing units (homes and apartments), and a median house value of $134,259, 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 79.71% of the town's housing units. Other types of housing that are prevalent in Micanopy include mobile homes or trailers ( 10.88%), duplexes, homes converted to apartments or other small apartment buildings ( 4.41%), and a few large apartment complexes or high rise apartments ( 3.53%).

Dwellings in Micanopy tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.94% 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 ( 28.82%). A lesser amount of the housing stock also hails from before 1939 ( 15.00%). There's also some housing in Micanopy built between 2000 and later ( 12.94%).

Vacant housing appears to be an issue in Micanopy. Fully 13.82% 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

Micanopy's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Micanopy during the period has been just -1.72%, which is lower than 80% of US communities.

Appreciation rates are so strong in Micanopy that despite a nationwide downturn in the housing market, Micanopy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Micanopy appreciation rates continue to be some of the highest in America, at 11.48%, which is higher than appreciation rates in 96.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Micanopy. Micanopy appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.12%.

Relative to Florida, our data show that Micanopy's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$134,259

Micanopy, FL HOME PRICES

Value Range
> $1,170,000 0.2
$877,001 - $1,170,000 3.4
$585,001 - $877,000 2.1
$468,001 - $585,000 2.4
$351,001 - $468,000 9.8
$234,001 - $351,000 20.9
$117,001 - $234,000 26.7
$58,001 - $117,000 22.4
$0 - $58,000 12.1

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
57.5120121879761 73.0769230769231

Number Of Homes And Apartments:
293

Micanopy 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
61.71% 2.83% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 74.74
Renters 25.26
Vacant 13.82

Housing Market Details

 

Age of Homes

AGE OF Micanopy HOMES
2000 or Newer 12.9
1970 - 1999 43.2
1940 - 1969 28.8
1939 or Older 15.0

Types of Homes

TYPE OF Micanopy HOMES
Single-Family 79.7
Townhomes 1.5
Small Apt. Buildings 4.4
Apt. Complexes 3.5
Mobile Homes 10.9
Other 0.0

Home Size

SIZE OF Micanopy HOMES
No Bedroom 0.00
1 Bedroom 7.65
2 Bedrooms 45.29
3 Bedrooms 43.24
4 Bedrooms 3.82
5 or more bedrooms 0.00

Popular Neighborhoods in Micanopy

Zip Codes in Micanopy, FL