Oldsmar, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Oldsmar Neighborhoods Since 2000




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 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

Oldsmar Housing Market Information

With a population of 14,170, 5,038 total housing units (homes and apartments), and a median house value of $232,639, 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 52.42% of the city's housing units. Other types of housing that are prevalent in Oldsmar include large apartment complexes or high rise apartments ( 19.23%), duplexes, homes converted to apartments or other small apartment buildings ( 10.73%), and a few mobile homes or trailers ( 9.38%).

The most prevalent building size and type in Oldsmar are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.50% owning and 36.50% renting.

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 ( 18.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.29%).

Vacant housing appears to be an issue in Oldsmar. Fully 13.12% 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

Oldsmar's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oldsmar during the period has been just -1.05%, which is lower than 70% of US communities.

Appreciation rates are so strong in Oldsmar that despite a nationwide downturn in the housing market, Oldsmar real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oldsmar appreciation rates continue to be some of the highest in America, at 7.30%, which is higher than appreciation rates in 83.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oldsmar. Oldsmar appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Oldsmar's latest annual appreciation rate is lower than 60% 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:
$232,639

Oldsmar, FL HOME PRICES

Value Range
> $1,353,000 0.2
$1,015,001 - $1,353,000 0.8
$676,001 - $1,015,000 1.0
$542,001 - $676,000 1.9
$406,001 - $542,000 3.5
$271,001 - $406,000 27.9
$135,001 - $271,000 40.0
$67,001 - $135,000 19.0
$0 - $67,000 5.8

High for FL
High for Nation

Value Relative to Nation Value Relative to State
25.3310676198289 36.5384615384615

Number Of Homes And Apartments:
5,038

Oldsmar 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
80.70% 3.49% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,350 / per month

Homeownership Rate

Homeownership
Owners 63.50
Renters 36.50
Vacant 13.12

Housing Market Details

 

Age of Homes

AGE OF Oldsmar HOMES
2000 or Newer 18.5
1970 - 1999 72.6
1940 - 1969 8.3
1939 or Older 0.6

Types of Homes

TYPE OF Oldsmar HOMES
Single-Family 52.4
Townhomes 8.2
Small Apt. Buildings 10.7
Apt. Complexes 19.2
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Oldsmar HOMES
No Bedroom 0.00
1 Bedroom 2.71
2 Bedrooms 38.61
3 Bedrooms 45.34
4 Bedrooms 11.61
5 or more bedrooms 1.74