Pinecrest FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 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

Pinecrest Housing Market Information

With 19,591 people, 5,954 houses or apartments, and a median cost of homes of $1,025,675, 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 ( 76.91%).

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 54.91% of the village's housing hails from this era. Other housing ages represented in Pinecrest include homes built between 1970-1999 ( 35.47%) and housing constructed between 2000 and later ( 9.00%).

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 67.20% over the last ten years, which is an average annual home appreciation rate of 5.27%, 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 3.56%, has been at or slightly above the national average. In the latest quarter, Pinecrest's appreciation rate has been 0.78%, which annualizes to a rate of 3.17%.

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:
$1,025,675

Pinecrest, FL HOME PRICES

Value Range
> $1,201,000 38.9
$900,001 - $1,201,000 25.7
$601,001 - $900,000 21.1
$481,001 - $601,000 4.9
$360,001 - $481,000 2.8
$240,001 - $360,000 2.4
$120,001 - $240,000 2.1
$60,001 - $120,000 0.6
$0 - $60,000 1.4

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
1.21459854014599 2.5531914893617

Number Of Homes And Apartments:
5,954

Pinecrest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
156.54% 4.89%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,033 / per month

Homeownership Rate

Homeownership
Owners 76.91
Renters 23.09
Vacant 8.29

Housing Market Details

 

Age of Homes

AGE OF Pinecrest HOMES
2000 or Newer 9.0
1970 - 1999 35.5
1940 - 1969 54.9
1939 or Older 0.6

Types of Homes

TYPE OF Pinecrest HOMES
Single-Family 74.1
Townhomes 4.6
Small Apt. Buildings 1.3
Apt. Complexes 19.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Pinecrest HOMES
No Bedroom 2.80
1 Bedroom 7.55
2 Bedrooms 11.04
3 Bedrooms 19.89
4 Bedrooms 36.44
5 or more bedrooms 22.27