Pinecrest, FL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pinecrest, FL Housing Market Trends

With 19,155 people, 6,033 houses or apartments, and a median cost of homes of $988,073, 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 ( 77.01%).

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 51.05% of the village's housing hails from this era. Other housing ages represented in Pinecrest include homes built between 1970-1999 ( 34.95%) and housing constructed between 2000 and later ( 13.21%).

Pinecrest Home Appreciation Rates

In the last 10 years, Pinecrest has experienced some of the highest home appreciation rates of any community in the nation. Pinecrest real estate appreciated 75.70% over the last ten years, which is an average annual home appreciation rate of 5.80%, putting Pinecrest in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pinecrest 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, Pinecrest's appreciation rate, at 5.73%, has been at or slightly above the national average. In the latest quarter, Pinecrest's appreciation rate has been 1.49%, which annualizes to a rate of 6.09%.

Notably, Pinecrest's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Pinecrest's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$988,073

Pinecrest, FL HOME PRICES

> $1,162,000
43.2%
43.2%
$872,001 - $1,162,000
28.3%
28.3%
$581,001 - $872,000
18.6%
18.6%
$465,001 - $581,000
2.5%
2.5%
$348,001 - $465,000
1.2%
1.2%
$232,001 - $348,000
3.0%
3.0%
$116,001 - $232,000
1.8%
1.8%
$58,001 - $116,000
0.2%
0.2%
$0 - $58,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
6,033

Pinecrest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
176.11% 4.96%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,150 / per month

Homeownership Rate

Owners
77.0%
77.0%
Renters
23.0%
23.0%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.2%
13.2%
1970 - 1999
34.9%
34.9%
1940 - 1969
51.0%
51.0%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.4%
75.4%
Townhomes
5.0%
5.0%
Small Apt. Buildings
0.9%
0.9%
Apt. Complexes
18.3%
18.3%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
8.3%
8.3%
2 Bedrooms
9.1%
9.1%
3 Bedrooms
19.4%
19.4%
4 Bedrooms
36.3%
36.3%
5 or more bedrooms
24.3%
24.3%
0.0% 100.0%
% OF HOMES