Oldsmar, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Oldsmar, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oldsmar Housing Market Information

With 14,617 people, 5,224 houses or apartments, and a median cost of homes of $311,138, Oldsmar real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Oldsmar, accounting for 51.22% of the city's housing units. Other types of housing that are prevalent in Oldsmar include large apartment complexes or high rise apartments ( 20.46%), duplexes, homes converted to apartments or other small apartment buildings ( 11.20%), and a few mobile homes or trailers ( 9.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oldsmar. Owner-occupied housing accounts for 65.02% of Oldsmar's homes, and 53.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oldsmar 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 Oldsmar built between 2000 and later ( 19.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.98%).

Vacant housing appears to be an issue in Oldsmar. Fully 12.95% of the housing stock is classified as vacant. Left unchecked, vacant Oldsmar homes and apartments can be a drag on the real estate market, holding Oldsmar 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.

Oldsmar Home Appreciation Rates

In the last 10 years, Oldsmar has experienced some of the highest home appreciation rates of any community in the nation. Oldsmar real estate appreciated 39.51% over the last ten years, which is an average annual home appreciation rate of 3.39%, putting Oldsmar in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oldsmar 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, Oldsmar's appreciation rate, at 4.72%, has been at or slightly above the national average. In the latest quarter, Oldsmar's appreciation rate has been 0.36%, which annualizes to a rate of 1.47%.

Relative to Florida, our data show that Oldsmar's latest annual appreciation rate is lower than 70% 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 Oldsmar differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oldsmar - 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 Oldsmar real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$311,138

Oldsmar, FL HOME PRICES

Value Range
> $1,380,000 0.7
$1,035,001 - $1,380,000 0.9
$690,001 - $1,035,000 0.8
$552,001 - $690,000 4.0
$414,001 - $552,000 9.3
$276,001 - $414,000 29.2
$138,001 - $276,000 36.8
$69,001 - $138,000 12.1
$0 - $69,000 6.1

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
18.1664233576642 29.5744680851064

Number Of Homes And Apartments:
5,224

Oldsmar Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
115.56% 4.07%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,445 / per month

Homeownership Rate

Homeownership
Owners 65.02
Renters 34.98
Vacant 12.95

Housing Market Details

 

Age of Homes

AGE OF Oldsmar HOMES
2000 or Newer 19.8
1970 - 1999 72.2
1940 - 1969 7.0
1939 or Older 1.0

Types of Homes

TYPE OF Oldsmar HOMES
Single-Family 51.2
Townhomes 8.0
Small Apt. Buildings 11.2
Apt. Complexes 20.5
Mobile Homes 9.1
Other 0.0

Home Size

SIZE OF Oldsmar HOMES
No Bedroom 0.00
1 Bedroom 2.33
2 Bedrooms 41.79
3 Bedrooms 39.24
4 Bedrooms 13.98
5 or more bedrooms 2.65