Pahokee, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pahokee Neighborhoods Since 2000




Pahokee, 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

Pahokee Housing Market Information

With 6,071 people, 1,822 houses or apartments, and a median cost of homes of $155,337, Pahokee real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pahokee, accounting for 50.19% of the city's housing units. Other types of housing that are prevalent in Pahokee include mobile homes or trailers ( 24.05%), duplexes, homes converted to apartments or other small apartment buildings ( 15.11%), and a few large apartment complexes or high rise apartments ( 8.36%).

The most prevalent building size and type in Pahokee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.69% owning and 45.31% renting.

There is a lot of housing in Pahokee 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 Pahokee built between 1940-1969 ( 32.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.09%). There's also some housing in Pahokee built before 1939 ( 4.08%).

Vacant housing appears to be an issue in Pahokee. Fully 11.47% of the housing stock is classified as vacant. Left unchecked, vacant Pahokee homes and apartments can be a drag on the real estate market, holding Pahokee 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.

Pahokee Home Appreciation Rates

Pahokee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pahokee during the period has been just -1.06%, which is lower than 70% of US communities.

Appreciation rates are so strong in Pahokee that despite a nationwide downturn in the housing market, Pahokee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pahokee appreciation rates continue to be some of the highest in America, at 8.50%, which is higher than appreciation rates in 88.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pahokee. Pahokee appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Pahokee 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 Pahokee's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$155,337

Pahokee, FL HOME PRICES

Value Range
> $1,370,000 0.0
$1,028,001 - $1,370,000 1.8
$685,001 - $1,028,000 0.0
$548,001 - $685,000 0.0
$412,001 - $548,000 6.2
$274,001 - $412,000 11.4
$137,001 - $274,000 27.6
$69,001 - $137,000 24.5
$0 - $69,000 28.6

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
47.7616313137232 63.034188034188

Number Of Homes And Apartments:
1,822

Pahokee 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
124.54% 4.80% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$681 / per month

Homeownership Rate

Homeownership
Owners 54.69
Renters 45.31
Vacant 11.47

Housing Market Details

 

Age of Homes

AGE OF Pahokee HOMES
2000 or Newer 9.1
1970 - 1999 54.5
1940 - 1969 32.3
1939 or Older 4.1

Types of Homes

TYPE OF Pahokee HOMES
Single-Family 50.2
Townhomes 1.4
Small Apt. Buildings 15.1
Apt. Complexes 8.4
Mobile Homes 24.1
Other 0.9

Home Size

SIZE OF Pahokee HOMES
No Bedroom 1.70
1 Bedroom 8.16
2 Bedrooms 39.99
3 Bedrooms 33.97
4 Bedrooms 16.18
5 or more bedrooms 0.00

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Zip Codes in Pahokee, FL