Nokomis, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Nokomis Neighborhoods Since 2000




Nokomis, FL Real Estate Data


Nokomis Housing Market Information

With a population of 3,312, 1,353 total housing units (homes and apartments), and a median house value of $258,228, Nokomis real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Nokomis, accounting for 65.24% of the town's housing units. Other types of housing that are prevalent in Nokomis include mobile homes or trailers ( 27.47%), row houses and other attached homes ( 2.71%), and a few large apartment complexes or high rise apartments ( 2.65%).

Dwellings in Nokomis tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.59% of the homes in Nokomis have two or fewer bedrooms.

There is a lot of housing in Nokomis 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 Nokomis built between 1940-1969 ( 35.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.41%). There's also some housing in Nokomis built before 1939 ( 3.24%).

Vacant housing appears to be an issue in Nokomis. Fully 20.41% of the housing stock is classified as vacant. Left unchecked, vacant Nokomis homes and apartments can be a drag on the real estate market, holding Nokomis 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.

Nokomis Home Appreciation Rates

Nokomis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nokomis during the period has been just -1.40%, which is lower than 80% of US communities.

Appreciation rates are so strong in Nokomis that despite a nationwide downturn in the housing market, Nokomis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nokomis appreciation rates continue to be some of the highest in America, at 12.40%, which is higher than appreciation rates in 99.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nokomis. Nokomis appreciation rates in the latest quarter were at 4.15%, which equates to an annual appreciation rate of 17.66%.

Importantly, this makes Nokomis 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 Nokomis's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$258,228

Nokomis, FL HOME PRICES

Value Range
> $1,477,000 3.9
$1,107,001 - $1,477,000 3.6
$738,001 - $1,107,000 5.6
$591,001 - $738,000 6.4
$443,001 - $591,000 10.8
$295,001 - $443,000 15.1
$148,001 - $295,000 19.9
$74,001 - $148,000 21.2
$0 - $74,000 13.5

High for FL
High for Nation

Value Relative to Nation Value Relative to State
21.8188206359431 34.1880341880342

Number Of Homes And Apartments:
1,353

Rent & Ownership

 

Average Market Rent:
$1,143 / per month

Homeownership Rate

Homeownership
Owners 72.48
Renters 27.52
Vacant 20.41

Housing Market Details

 

Age of Homes

AGE OF Nokomis HOMES
2000 or Newer 8.4
1970 - 1999 52.9
1940 - 1969 35.4
1939 or Older 3.2

Types of Homes

TYPE OF Nokomis HOMES
Single-Family 65.2
Townhomes 2.7
Small Apt. Buildings 1.9
Apt. Complexes 2.6
Mobile Homes 27.5
Other 0.0

Home Size

SIZE OF Nokomis HOMES
No Bedroom 1.24
1 Bedroom 8.41
2 Bedrooms 43.94
3 Bedrooms 38.76
4 Bedrooms 4.18
5 or more bedrooms 3.47

Nokomis 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
92.82% 3.94% 8 10
* 10 is highest

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Zip Codes in Nokomis, FL