North Port, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating North Port Neighborhoods Since 2000




North Port, 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

North Port Housing Market Information

With a population of 62,345, 22,580 total housing units (homes and apartments), and a median house value of $213,589, North Port real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Port, accounting for 82.38% of the city's housing units. Other types of housing that are prevalent in North Port include large apartment complexes or high rise apartments ( 7.42%), row houses and other attached homes ( 6.60%), and a few mobile homes or trailers ( 2.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Port. Owner-occupied housing accounts for 73.74% of North Port's homes, and 68.72% have either three or four bedrooms, which is average sized relative to America.

North Port homes and real estate are some of the newest in America. 58.15% of North Port's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Port real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.78%), and between 1940-1969 ( 4.95%).

Vacant housing appears to be an issue in North Port. Fully 16.51% of the housing stock is classified as vacant. Left unchecked, vacant North Port homes and apartments can be a drag on the real estate market, holding North Port 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.

North Port Home Appreciation Rates

North Port's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Port during the period has been just -2.00%, which is lower than 80% of US communities.

Appreciation rates are so strong in North Port that despite a nationwide downturn in the housing market, North Port real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Port appreciation rates continue to be some of the highest in America, at 13.53%, which is higher than appreciation rates in 98.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Port. North Port appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.95%.

Importantly, this makes North Port one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within North Port differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Port - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best North Port real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$213,589

North Port, FL HOME PRICES

Value Range
> $1,447,000 0.1
$1,086,001 - $1,447,000 0.0
$724,001 - $1,086,000 1.1
$579,001 - $724,000 1.1
$434,001 - $579,000 4.7
$289,001 - $434,000 13.9
$145,001 - $289,000 48.1
$72,001 - $145,000 24.3
$0 - $72,000 6.6

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
29.0753545060354 41.025641025641

Number Of Homes And Apartments:
22,580

North Port 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
57.00% 2.65% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,388 / per month

Homeownership Rate

Homeownership
Owners 73.74
Renters 26.26
Vacant 16.51

Housing Market Details

 

Age of Homes

AGE OF North Port HOMES
2000 or Newer 58.1
1970 - 1999 36.8
1940 - 1969 5.0
1939 or Older 0.1

Types of Homes

TYPE OF North Port HOMES
Single-Family 82.4
Townhomes 6.6
Small Apt. Buildings 0.7
Apt. Complexes 7.4
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF North Port HOMES
No Bedroom 1.28
1 Bedroom 3.00
2 Bedrooms 26.16
3 Bedrooms 60.22
4 Bedrooms 8.50
5 or more bedrooms 0.85