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 a population of 20,117, 1,555 total housing units (homes and apartments), and a median house value of $340,114, real estate costs in Parrish are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.
Single-family detached homes are the single most common housing type in Parrish, accounting for 83.96% of the town's housing units. Other types of housing that are prevalent in Parrish include mobile homes or trailers ( 13.11%), row houses and other attached homes ( 2.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Parrish. Owner-occupied housing accounts for 87.80% of Parrish's homes, and 77.26% have either three or four bedrooms, which is average sized relative to America.
Parrish homes and real estate are some of the newest in America. 68.24% of Parrish's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Parrish real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.35%), and between 1940-1969 ( 4.49%).
Vacant housing appears to be an issue in Parrish. Fully 14.04% of the housing stock is classified as vacant. Left unchecked, vacant Parrish homes and apartments can be a drag on the real estate market, holding Parrish 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 Parrish over the last then years, as home values have seen a decline of 22.72% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Parrish home appreciation rates at 2.40%, which equates to an annual appreciation rate of 9.95%.
Appreciation rates are so strong in Parrish that despite a nationwide downturn in the housing market, Parrish real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Parrish appreciation rates continue to be some of the highest in America, at 9.45%, which is higher than appreciation rates in 92.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Parrish. Parrish appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.95%.
Importantly, this makes Parrish one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Parrish'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 Parrish differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Parrish - 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 Parrish real estate investment or home purchase decisions.
|$1,021,001 - $1,362,000||0.6|
|$681,001 - $1,021,000||1.5|
|$545,001 - $681,000||7.6|
|$409,001 - $545,000||13.2|
|$272,001 - $409,000||34.6|
|$136,001 - $272,000||24.3|
|$68,001 - $136,000||11.3|
|$0 - $68,000||6.5|
|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 Parrish HOMES|
|2000 or Newer||68.2|
|1970 - 1999||26.4|
|1940 - 1969||4.5|
|1939 or Older||0.9|
|TYPE OF Parrish HOMES|
|Small Apt. Buildings||0.1|
|SIZE OF Parrish HOMES|
|5 or more bedrooms||2.34|