Ocala, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ocala Neighborhoods Since 2000




Ocala, 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

Ocala Housing Market Information

With 58,218 people, 21,664 houses or apartments, and a median cost of homes of $135,396, house prices in Ocala are solidly below the national average.

Single-family detached homes are the single most common housing type in Ocala, accounting for 50.60% of the city's housing units. Other types of housing that are prevalent in Ocala include large apartment complexes or high rise apartments ( 27.71%), duplexes, homes converted to apartments or other small apartment buildings ( 11.34%), and a few mobile homes or trailers ( 5.94%).

People in Ocala primarily live in small (one, two or no bedroom) single-family detached homes. Ocala has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Ocala 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 Ocala built between 2000 and later ( 26.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.44%). There's also some housing in Ocala built before 1939 ( 4.15%).

Vacant housing appears to be an issue in Ocala. Fully 18.37% of the housing stock is classified as vacant. Left unchecked, vacant Ocala homes and apartments can be a drag on the real estate market, holding Ocala 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.

Ocala Home Appreciation Rates

Homes have actually lost value in Ocala over the last then years, as home values have seen a decline of 31.70% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ocala home appreciation rates at -0.58%, which equates to an annual appreciation rate of -2.28%.

Appreciation rates are so strong in Ocala that despite a nationwide downturn in the housing market, Ocala real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ocala appreciation rates continue to be some of the highest in America, at 8.31%, which is higher than appreciation rates in 88.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ocala. Ocala appreciation rates in the latest quarter were at -0.58%, which equates to an annual appreciation rate of -2.28%.

Notably, Ocala's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Ocala's latest annual appreciation rate is lower than 50% 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 Ocala differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ocala - 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 Ocala real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$135,396

Ocala, FL HOME PRICES

Value Range
> $1,221,000 0.9
$916,001 - $1,221,000 0.6
$611,001 - $916,000 0.8
$489,001 - $611,000 2.2
$366,001 - $489,000 4.2
$244,001 - $366,000 13.1
$122,001 - $244,000 28.3
$61,001 - $122,000 30.7
$0 - $61,000 19.1

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
57.0198054611508 72.2222222222222

Number Of Homes And Apartments:
21,664

Ocala 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
37.75% 1.87% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,043 / per month

Homeownership Rate

Homeownership
Owners 48.21
Renters 51.79
Vacant 18.37

Housing Market Details

 

Age of Homes

AGE OF Ocala HOMES
2000 or Newer 26.5
1970 - 1999 47.9
1940 - 1969 21.4
1939 or Older 4.1

Types of Homes

TYPE OF Ocala HOMES
Single-Family 50.6
Townhomes 4.4
Small Apt. Buildings 11.3
Apt. Complexes 27.7
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Ocala HOMES
No Bedroom 2.91
1 Bedroom 12.26
2 Bedrooms 35.96
3 Bedrooms 35.55
4 Bedrooms 12.28
5 or more bedrooms 1.04