Palm Harbor, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Palm Harbor, 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

Palm Harbor Housing Market Information

With 58,201 people, 26,533 houses or apartments, and a median cost of homes of $276,839, 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 53.29% of the town's housing units. Other types of housing that are prevalent in Palm Harbor include large apartment complexes or high rise apartments ( 23.57%), row houses and other attached homes ( 8.89%), and a few mobile homes or trailers ( 8.07%).

Dwellings in Palm Harbor tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.71% 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 ( 7.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.22%).

Vacant housing appears to be an issue in Palm Harbor. Fully 14.13% 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 Home Appreciation Rates

In the last 10 years, Palm Harbor has experienced some of the highest home appreciation rates of any community in the nation. Palm Harbor real estate appreciated 37.84% over the last ten years, which is an average annual home appreciation rate of 3.26%, putting Palm Harbor in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Palm Harbor 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, Palm Harbor's appreciation rate, at 5.10%, has been at or slightly above the national average. In the latest quarter, Palm Harbor's appreciation rate has been 0.36%, which annualizes to a rate of 1.47%.

Relative to Florida, our data show that Palm Harbor'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 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.

Average Home Values

 

Median Home Value:
$276,839

Palm Harbor, FL HOME PRICES

Value Range
> $1,322,000 1.6
$991,001 - $1,322,000 0.7
$661,001 - $991,000 3.7
$529,001 - $661,000 5.9
$396,001 - $529,000 11.4
$264,001 - $396,000 25.0
$132,001 - $264,000 31.2
$66,001 - $132,000 15.2
$0 - $66,000 5.3

High for FL
High for Nation

Value Relative to Nation Value Relative to State
22.2131386861314 33.1914893617021

Number Of Homes And Apartments:
26,533

Palm Harbor 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
106.73% 3.84%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,524 / per month

Homeownership Rate

Homeownership
Owners 70.53
Renters 29.47
Vacant 14.13

Housing Market Details

 

Age of Homes

AGE OF Palm Harbor HOMES
2000 or Newer 6.2
1970 - 1999 85.5
1940 - 1969 7.5
1939 or Older 0.8

Types of Homes

TYPE OF Palm Harbor HOMES
Single-Family 53.3
Townhomes 8.9
Small Apt. Buildings 6.1
Apt. Complexes 23.6
Mobile Homes 8.1
Other 0.1

Home Size

SIZE OF Palm Harbor HOMES
No Bedroom 2.62
1 Bedroom 10.86
2 Bedrooms 41.24
3 Bedrooms 31.72
4 Bedrooms 11.26
5 or more bedrooms 2.30