Ocklawaha, FL Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ocklawaha, FL Housing Market Trends

With 8,718 people, 1,682 houses or apartments, and a median cost of homes of $153,497, house prices in Ocklawaha are solidly below the national average.

Single-family detached homes are the single most common housing type in Ocklawaha, accounting for 50.68% of the town's housing units. Other types of housing that are prevalent in Ocklawaha include mobile homes or trailers ( 47.41%), large apartment complexes or high rise apartments ( 1.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ocklawaha. Owner-occupied housing accounts for 77.79% of Ocklawaha's homes, and 54.09% 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 ( 27.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.35%). There's also some housing in Ocklawaha built before 1939 ( 3.24%).

Vacant housing appears to be an issue in Ocklawaha. Fully 28.67% 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.

Ocklawaha Home Appreciation Rates

In the last 10 years, Ocklawaha has experienced some of the highest home appreciation rates of any community in the nation. Ocklawaha real estate appreciated 74.83% over the last ten years, which is an average annual home appreciation rate of 5.75%, putting Ocklawaha in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ocklawaha definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Ocklawaha's appreciation rate, at 9.49%, has been at or slightly above the national average. In the latest quarter, Ocklawaha's appreciation rate has been 3.59%, which annualizes to a rate of 15.17%.

Importantly, this makes Ocklawaha 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 Ocklawaha's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$153,497

Ocklawaha, FL HOME PRICES

> $1,323,000
0.5%
0.5%
$992,001 - $1,323,000
0.4%
0.4%
$661,001 - $992,000
0.0%
0.0%
$529,001 - $661,000
1.5%
1.5%
$397,001 - $529,000
5.0%
5.0%
$265,001 - $397,000
9.0%
9.0%
$132,001 - $265,000
31.6%
31.6%
$66,001 - $132,000
28.2%
28.2%
$0 - $66,000
23.9%
23.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
1,682

Ocklawaha Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
68.79% 2.46%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,165 / per month

Homeownership Rate

Owners
77.8%
77.8%
Renters
22.2%
22.2%
Vacant
28.7%
28.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
27.6%
27.6%
1970 - 1999
61.8%
61.8%
1940 - 1969
7.4%
7.4%
1939 or Older
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.7%
50.7%
Townhomes
0.2%
0.2%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
1.3%
1.3%
Mobile Homes
47.4%
47.4%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
8.7%
8.7%
2 Bedrooms
34.4%
34.4%
3 Bedrooms
44.6%
44.6%
4 Bedrooms
9.5%
9.5%
5 or more bedrooms
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Ocklawaha

Zip Codes in Ocklawaha, FL