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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 82,893 people, 28,169 houses or apartments, and a median cost of homes of $209,473, Palm Coast real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Palm Coast, accounting for 86.03% of the city's housing units. Other types of housing that are prevalent in Palm Coast include row houses and other attached homes ( 5.61%), large apartment complexes or high rise apartments ( 5.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palm Coast. Owner-occupied housing accounts for 76.85% of Palm Coast's homes, and 82.33% have either three or four bedrooms, which is average sized relative to America.
Palm Coast homes and real estate are some of the newest in America. 50.53% of Palm Coast's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Palm Coast real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.62%), and between 1940-1969 ( 1.52%).
Vacant housing appears to be an issue in Palm Coast. Fully 19.11% of the housing stock is classified as vacant. Left unchecked, vacant Palm Coast homes and apartments can be a drag on the real estate market, holding Palm Coast 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.
Homes have actually lost value in Palm Coast over the last then years, as home values have seen a decline of 21.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Palm Coast home appreciation rates at 3.34%, which equates to an annual appreciation rate of 14.06%.
Appreciation rates are so strong in Palm Coast that despite a nationwide downturn in the housing market, Palm Coast real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Palm Coast appreciation rates continue to be some of the highest in America, at 10.67%, which is higher than appreciation rates in 95.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Palm Coast. Palm Coast appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.06%.
Importantly, NeighborhoodScout’s exclusive research found that Palm Coast's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Florida, our data show that Palm Coast's latest annual appreciation rate is higher 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 Palm Coast differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Palm Coast - 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 Palm Coast real estate investment or home purchase decisions.
|$1,014,001 - $1,352,000||0.2|
|$676,001 - $1,014,000||1.0|
|$541,001 - $676,000||2.5|
|$406,001 - $541,000||5.5|
|$270,001 - $406,000||19.5|
|$136,001 - $270,000||55.0|
|$68,001 - $136,000||11.5|
|$0 - $68,000||4.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Palm Coast HOMES|
|2000 or Newer||50.5|
|1970 - 1999||47.6|
|1940 - 1969||1.5|
|1939 or Older||0.3|
|TYPE OF Palm Coast HOMES|
|Small Apt. Buildings||2.0|
|SIZE OF Palm Coast HOMES|
|5 or more bedrooms||1.51|