Ocoee, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ocoee Neighborhoods Since 2000




Ocoee, 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

Ocoee Housing Market Information

With 43,608 people, 12,964 houses or apartments, and a median cost of homes of $239,462, Ocoee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ocoee, accounting for 83.27% of the city's housing units. Other types of housing that are prevalent in Ocoee include large apartment complexes or high rise apartments ( 6.99%), row houses and other attached homes ( 4.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ocoee. Owner-occupied housing accounts for 73.42% of Ocoee's homes, and 77.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ocoee 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 Ocoee built between 2000 and later ( 30.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.98%).

Ocoee Home Appreciation Rates

Homes have actually lost value in Ocoee over the last then years, as home values have seen a decline of 23.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ocoee home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

Appreciation rates are so strong in Ocoee that despite a nationwide downturn in the housing market, Ocoee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ocoee appreciation rates continue to be some of the highest in America, at 13.27%, which is higher than appreciation rates in 98.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ocoee. Ocoee appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Ocoee 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 Ocoee'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 Ocoee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ocoee - 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 Ocoee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$239,462

Ocoee, FL HOME PRICES

Value Range
> $1,458,000 1.1
$1,093,001 - $1,458,000 0.3
$729,001 - $1,093,000 2.9
$583,001 - $729,000 3.9
$437,001 - $583,000 6.7
$292,001 - $437,000 21.0
$146,001 - $292,000 39.6
$73,001 - $146,000 18.2
$0 - $73,000 6.5

High for FL
High for Nation

Value Relative to Nation Value Relative to State
24.1650064455643 33.974358974359

Number Of Homes And Apartments:
12,964

Ocoee 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
62.31% 2.85% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,451 / per month

Homeownership Rate

Homeownership
Owners 73.42
Renters 26.58
Vacant 7.17

Housing Market Details

 

Age of Homes

AGE OF Ocoee HOMES
2000 or Newer 30.7
1970 - 1999 59.9
1940 - 1969 9.0
1939 or Older 0.4

Types of Homes

TYPE OF Ocoee HOMES
Single-Family 83.3
Townhomes 4.5
Small Apt. Buildings 3.0
Apt. Complexes 7.0
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Ocoee HOMES
No Bedroom 1.46
1 Bedroom 2.25
2 Bedrooms 11.63
3 Bedrooms 44.01
4 Bedrooms 33.57
5 or more bedrooms 7.09