Mims, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mims Neighborhoods Since 2000




Mims, 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

Mims Housing Market Information

With 7,162 people, 2,617 houses or apartments, and a median cost of homes of $163,610, Mims real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Mims, accounting for 67.26% of the town's housing units. Other types of housing that are prevalent in Mims include mobile homes or trailers ( 30.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mims. Owner-occupied housing accounts for 84.07% of Mims's homes, and 62.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mims 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 Mims built between 1940-1969 ( 28.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.74%).

Vacant housing appears to be an issue in Mims. Fully 23.57% of the housing stock is classified as vacant. Left unchecked, vacant Mims homes and apartments can be a drag on the real estate market, holding Mims 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.

Mims Home Appreciation Rates

Mims's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mims during the period has been just -2.04%, which is lower than 80% of US communities.

Appreciation rates are so strong in Mims that despite a nationwide downturn in the housing market, Mims real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mims appreciation rates continue to be some of the highest in America, at 8.88%, which is higher than appreciation rates in 90.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mims. Mims appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.60%.

Importantly, this makes Mims 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 Mims's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$163,610

Mims, FL HOME PRICES

Value Range
> $1,343,000 0.0
$1,008,001 - $1,343,000 0.5
$671,001 - $1,008,000 0.3
$537,001 - $671,000 0.9
$403,001 - $537,000 4.0
$269,001 - $403,000 21.3
$134,001 - $269,000 27.2
$67,001 - $134,000 23.7
$0 - $67,000 22.1

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
44.2019219500762 59.6153846153846

Number Of Homes And Apartments:
2,617

Mims 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
65.97% 2.98% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$990 / per month

Homeownership Rate

Homeownership
Owners 84.07
Renters 15.93
Vacant 23.57

Housing Market Details

 

Age of Homes

AGE OF Mims HOMES
2000 or Newer 20.7
1970 - 1999 50.3
1940 - 1969 28.4
1939 or Older 0.5

Types of Homes

TYPE OF Mims HOMES
Single-Family 67.3
Townhomes 0.8
Small Apt. Buildings 0.3
Apt. Complexes 0.0
Mobile Homes 30.1
Other 1.5

Home Size

SIZE OF Mims HOMES
No Bedroom 0.26
1 Bedroom 6.80
2 Bedrooms 27.54
3 Bedrooms 49.71
4 Bedrooms 13.20
5 or more bedrooms 2.48

Popular Neighborhoods in Mims

Zip Codes in Mims, FL