Pinecrest, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pinecrest Neighborhoods Since 2000




Pinecrest, 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

Pinecrest Housing Market Information

With a population of 19,452, 5,980 total housing units (homes and apartments), and a median house value of $991,601, Pinecrest house prices are not only among the most expensive in Florida, Pinecrest real estate also is some of the most expensive in all of America.

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

The large homes that make up Pinecrest are primarily owner-occupied ( 77.36%).

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pinecrest's housing was primarily built during this period, from the '40s through the '60s. A full 56.02% of the village's housing hails from this era. Other housing ages represented in Pinecrest include homes built between 1970-1999 ( 34.27%) and housing constructed between 2000 and later ( 9.23%).

Pinecrest Home Appreciation Rates

Appreciation rates for homes in Pinecrest have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.54%, which ranks in the top 40% nationwide. This equates to an annual average Pinecrest house appreciation rate of 0.82%.

Appreciation rates are so strong in Pinecrest that despite a nationwide downturn in the housing market, Pinecrest real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pinecrest appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 81.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pinecrest. Pinecrest appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Pinecrest one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Florida, our data show that Pinecrest's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$991,601

Pinecrest, FL HOME PRICES

Value Range
> $1,321,000 28.3
$991,001 - $1,321,000 22.4
$661,001 - $991,000 25.8
$528,001 - $661,000 9.1
$396,001 - $528,000 4.4
$264,001 - $396,000 2.7
$132,001 - $264,000 4.9
$66,001 - $132,000 0.8
$0 - $66,000 1.7

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
1.07816711590297 1.92307692307692

Number Of Homes And Apartments:
5,980

Pinecrest 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
140.06% 5.21% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,646 / per month

Homeownership Rate

Homeownership
Owners 77.36
Renters 22.64
Vacant 9.04

Housing Market Details

 

Age of Homes

AGE OF Pinecrest HOMES
2000 or Newer 9.2
1970 - 1999 34.3
1940 - 1969 56.0
1939 or Older 0.5

Types of Homes

TYPE OF Pinecrest HOMES
Single-Family 74.1
Townhomes 3.4
Small Apt. Buildings 1.4
Apt. Complexes 21.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Pinecrest HOMES
No Bedroom 2.18
1 Bedroom 7.36
2 Bedrooms 14.51
3 Bedrooms 20.34
4 Bedrooms 33.48
5 or more bedrooms 22.13