Molino, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Molino, FL Real Estate Data


Molino Housing Market Information

With a population of 1,339, 453 total housing units (homes and apartments), and a median house value of $115,771, house prices in Molino are solidly below the national average.

Single-family detached homes are the single most common housing type in Molino, accounting for 70.49% of the town's housing units. Other types of housing that are prevalent in Molino include mobile homes or trailers ( 17.71%), duplexes, homes converted to apartments or other small apartment buildings ( 8.16%), and a few large apartment complexes or high rise apartments ( 3.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Molino. Owner-occupied housing accounts for 73.51% of Molino's homes, and 57.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Molino 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 Molino built between 1940-1969 ( 18.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.84%).

Vacant housing appears to be an issue in Molino. Fully 21.35% of the housing stock is classified as vacant. Left unchecked, vacant Molino homes and apartments can be a drag on the real estate market, holding Molino 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.

Molino Home Appreciation Rates

Molino's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Molino during the period has been just -1.16%, which is lower than 70% of US communities.

Appreciation rates are so strong in Molino that despite a nationwide downturn in the housing market, Molino real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Molino appreciation rates continue to be some of the highest in America, at 8.56%, which is higher than appreciation rates in 88.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Molino. Molino appreciation rates in the latest quarter were at 1.00%, which equates to an annual appreciation rate of 4.05%.

Relative to Florida, our data show that Molino's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$115,771

Molino, FL HOME PRICES

Value Range
> $1,176,000 0.0
$882,001 - $1,176,000 0.0
$588,001 - $882,000 0.5
$470,001 - $588,000 2.6
$353,001 - $470,000 2.4
$235,001 - $353,000 11.2
$118,001 - $235,000 32.4
$59,001 - $118,000 26.2
$0 - $59,000 24.7

Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
67.8044064221259 80.1282051282051

Number Of Homes And Apartments:
453

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 73.51
Renters 26.49
Vacant 21.35

Housing Market Details

 

Age of Homes

AGE OF Molino HOMES
2000 or Newer 16.8
1970 - 1999 64.8
1940 - 1969 18.4
1939 or Older 0.0

Types of Homes

TYPE OF Molino HOMES
Single-Family 70.5
Townhomes 0.0
Small Apt. Buildings 8.2
Apt. Complexes 3.6
Mobile Homes 17.7
Other 0.0

Home Size

SIZE OF Molino HOMES
No Bedroom 0.00
1 Bedroom 10.94
2 Bedrooms 30.38
3 Bedrooms 37.67
4 Bedrooms 19.44
5 or more bedrooms 1.56

Molino Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
48.66% 2.33% 2 6
* 10 is highest

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