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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,144, 1,619 total housing units (homes and apartments), and a median house value of $97,191, house prices in Ocklawaha are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Ocklawaha, accounting for 53.88% of the town's housing units. Other types of housing that are prevalent in Ocklawaha include single-family detached homes ( 42.46%), large apartment complexes or high rise apartments ( 2.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.09%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Ocklawaha. Owner-occupied housing accounts for 73.15% of Ocklawaha's homes, and 55.27% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ocklawaha 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 Ocklawaha built between 2000 and later ( 24.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.43%). There's also some housing in Ocklawaha built before 1939 ( 1.63%).
Vacant housing appears to be an issue in Ocklawaha. Fully 30.56% of the housing stock is classified as vacant. Left unchecked, vacant Ocklawaha homes and apartments can be a drag on the real estate market, holding Ocklawaha 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.
Homes have actually lost value in Ocklawaha over the last then years, as home values have seen a decline of 36.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ocklawaha home appreciation rates at -0.58%, which equates to an annual appreciation rate of -2.28%.
Appreciation rates are so strong in Ocklawaha that despite a nationwide downturn in the housing market, Ocklawaha real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ocklawaha appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 84.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ocklawaha. Ocklawaha appreciation rates in the latest quarter were at -0.58%, which equates to an annual appreciation rate of -2.28%.
Notably, Ocklawaha's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Ocklawaha's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.
|$886,001 - $1,181,000||0.3|
|$590,001 - $886,000||0.8|
|$472,001 - $590,000||0.0|
|$354,001 - $472,000||4.5|
|$236,001 - $354,000||7.2|
|$118,001 - $236,000||16.1|
|$59,001 - $118,000||42.8|
|$0 - $59,000||28.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Ocklawaha HOMES|
|2000 or Newer||24.3|
|1970 - 1999||63.6|
|1940 - 1969||10.4|
|1939 or Older||1.6|
|TYPE OF Ocklawaha HOMES|
|Small Apt. Buildings||1.1|
|SIZE OF Ocklawaha HOMES|
|5 or more bedrooms||1.74|