Parkland, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Parkland Neighborhoods Since 2000




Parkland, 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

Parkland Housing Market Information

With 30,177 people, 8,240 houses or apartments, and a median cost of homes of $604,221, Parkland house prices are not only among the most expensive in Florida, Parkland real estate also is some of the most expensive in all of America.

Parkland is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Parkland than is found in 98% of the communities in America.

The large homes that make up Parkland are primarily owner-occupied ( 87.55%).

There is a lot of housing in Parkland 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 Parkland built between 2000 and later ( 46.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.72%).

Parkland Home Appreciation Rates

Homes have actually lost value in Parkland over the last then years, as home values have seen a decline of 20.08% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Parkland home appreciation rates at 1.80%, which equates to an annual appreciation rate of 7.39%.

NeighborhoodScout's data show that during the latest twelve months, Parkland's appreciation rate, at 4.11%, has been at or slightly above the national average. In the latest quarter, Parkland's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.

Importantly, this makes Parkland 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 Parkland's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$604,221

Parkland, FL HOME PRICES

Value Range
> $1,209,000 4.2
$907,001 - $1,209,000 12.0
$604,001 - $907,000 26.9
$483,001 - $604,000 19.9
$363,001 - $483,000 20.8
$242,001 - $363,000 11.0
$121,001 - $242,000 2.0
$60,001 - $121,000 1.5
$0 - $60,000 1.6

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
3.8439001523497 5.76923076923077

Number Of Homes And Apartments:
8,240

Parkland 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
72.36% 3.21% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,189 / per month

Homeownership Rate

Homeownership
Owners 87.55
Renters 12.45
Vacant 8.78

Housing Market Details

 

Age of Homes

AGE OF Parkland HOMES
2000 or Newer 46.8
1970 - 1999 51.5
1940 - 1969 1.7
1939 or Older 0.0

Types of Homes

TYPE OF Parkland HOMES
Single-Family 87.3
Townhomes 3.7
Small Apt. Buildings 2.4
Apt. Complexes 6.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Parkland HOMES
No Bedroom 0.60
1 Bedroom 2.69
2 Bedrooms 5.40
3 Bedrooms 20.56
4 Bedrooms 38.76
5 or more bedrooms 31.99