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 58,201 people, 26,423 houses or apartments, and a median cost of homes of $262,877, Palm Harbor 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 Harbor, accounting for 52.86% of the town's housing units. Other types of housing that are prevalent in Palm Harbor include large apartment complexes or high rise apartments ( 24.16%), row houses and other attached homes ( 9.02%), and a few mobile homes or trailers ( 7.85%).
Dwellings in Palm Harbor tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.94% of the homes in Palm Harbor have two or fewer bedrooms.
There is a lot of housing in Palm Harbor 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 Palm Harbor built between 1940-1969 ( 6.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.57%).
Vacant housing appears to be an issue in Palm Harbor. Fully 14.05% of the housing stock is classified as vacant. Left unchecked, vacant Palm Harbor homes and apartments can be a drag on the real estate market, holding Palm Harbor 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.
Palm Harbor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Palm Harbor during the period has been just -0.85%, which is lower than 70% of US communities.
Appreciation rates are so strong in Palm Harbor that despite a nationwide downturn in the housing market, Palm Harbor real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Palm Harbor appreciation rates continue to be some of the highest in America, at 9.45%, which is higher than appreciation rates in 92.22% 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 Harbor. Palm Harbor 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 Palm Harbor's latest annual appreciation rate is higher than 50% 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 town. Individual neighborhoods within Palm Harbor differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Palm Harbor - 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 Harbor real estate investment or home purchase decisions.
|$1,008,001 - $1,344,000||0.7|
|$672,001 - $1,008,000||3.2|
|$538,001 - $672,000||4.3|
|$403,001 - $538,000||8.6|
|$269,001 - $403,000||23.4|
|$135,001 - $269,000||35.2|
|$67,001 - $135,000||17.2|
|$0 - $67,000||5.9|
|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 Harbor HOMES|
|2000 or Newer||5.6|
|1970 - 1999||86.9|
|1940 - 1969||6.6|
|1939 or Older||0.9|
|TYPE OF Palm Harbor HOMES|
|Small Apt. Buildings||6.0|
|SIZE OF Palm Harbor HOMES|
|5 or more bedrooms||1.95|