Old Town, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Old Town Neighborhoods Since 2000




Old Town, 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

Old Town Housing Market Information

With 11,278 people, 2,472 houses or apartments, and a median cost of homes of $78,577, house prices in Old Town are some of the most affordable in Florida as well as the nation.

Mobile homes or trailers are the single most common housing type in Old Town, accounting for 57.91% of the town's housing units. Other types of housing that are prevalent in Old Town include single-family detached homes ( 40.23%), large apartment complexes or high rise apartments ( 1.45%).

Dwellings in Old Town tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.75% of the homes in Old Town have two or fewer bedrooms.

There is a lot of housing in Old Town 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 Old Town built between 2000 and later ( 22.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.96%). There's also some housing in Old Town built before 1939 ( 1.72%).

Vacant housing appears to be an issue in Old Town. Fully 34.19% of the housing stock is classified as vacant. Left unchecked, vacant Old Town homes and apartments can be a drag on the real estate market, holding Old Town 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.

Old Town Home Appreciation Rates

Homes have actually lost value in Old Town over the last then years, as home values have seen a decline of 26.50% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Old Town home appreciation rates at 1.20%, which equates to an annual appreciation rate of 4.89%.

Over the last year, Old Town appreciation rates have trailed the rest of the nation. In the last twelve months, Old Town's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Old Town were at 1.20%, which equates to an annual appreciation rate of 4.89%.

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

Average Home Values

 

Median Home Value:
$78,577

Old Town, FL HOME PRICES

Value Range
> $1,178,000 0.3
$883,001 - $1,178,000 0.7
$589,001 - $883,000 2.3
$471,001 - $589,000 0.6
$354,001 - $471,000 1.8
$236,001 - $354,000 5.5
$118,001 - $236,000 18.5
$59,001 - $118,000 41.5
$0 - $59,000 28.6

Very Low for FL
Very Low for Nation

Value Relative to Nation Value Relative to State
91.3805226766671 98.7179487179487

Number Of Homes And Apartments:
2,472

Old Town 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
67.34% 3.03% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$856 / per month

Homeownership Rate

Homeownership
Owners 80.46
Renters 19.54
Vacant 34.19

Housing Market Details

 

Age of Homes

AGE OF Old Town HOMES
2000 or Newer 22.6
1970 - 1999 60.7
1940 - 1969 15.0
1939 or Older 1.7

Types of Homes

TYPE OF Old Town HOMES
Single-Family 40.2
Townhomes 0.0
Small Apt. Buildings 0.4
Apt. Complexes 1.4
Mobile Homes 57.9
Other 0.0

Home Size

SIZE OF Old Town HOMES
No Bedroom 2.86
1 Bedroom 8.51
2 Bedrooms 40.38
3 Bedrooms 38.54
4 Bedrooms 8.28
5 or more bedrooms 1.42

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Zip Codes in Old Town, FL