Pinellas Park, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pinellas Park Neighborhoods Since 2000




Pinellas Park, 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

Pinellas Park Housing Market Information

With 51,617 people, 20,981 houses or apartments, and a median cost of homes of $163,373, Pinellas Park real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pinellas Park, accounting for 56.13% of the city's housing units. Other types of housing that are prevalent in Pinellas Park include large apartment complexes or high rise apartments ( 17.11%), mobile homes or trailers ( 14.43%), and a few row houses and other attached homes ( 6.69%).

Dwellings in Pinellas Park tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 62.51% of the homes in Pinellas Park have two or fewer bedrooms.

There is a lot of housing in Pinellas Park 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 Pinellas Park built between 1940-1969 ( 29.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.21%).

Vacant housing appears to be an issue in Pinellas Park. Fully 12.79% of the housing stock is classified as vacant. Left unchecked, vacant Pinellas Park homes and apartments can be a drag on the real estate market, holding Pinellas Park 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.

Pinellas Park Home Appreciation Rates

Pinellas Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pinellas Park during the period has been just -1.94%, which is lower than 80% of US communities.

Appreciation rates are so strong in Pinellas Park that despite a nationwide downturn in the housing market, Pinellas Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pinellas Park appreciation rates continue to be some of the highest in America, at 9.66%, which is higher than appreciation rates in 92.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pinellas Park. Pinellas Park appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Pinellas Park's latest annual appreciation rate is higher than 60% 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 city. Individual neighborhoods within Pinellas Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pinellas Park - 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 Pinellas Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$163,373

Pinellas Park, FL HOME PRICES

Value Range
> $1,397,000 0.3
$1,048,001 - $1,397,000 0.8
$699,001 - $1,048,000 0.5
$559,001 - $699,000 1.1
$419,001 - $559,000 1.7
$279,001 - $419,000 7.5
$140,001 - $279,000 43.8
$70,001 - $140,000 28.6
$0 - $70,000 15.7

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
44.3103246220555 59.8290598290598

Number Of Homes And Apartments:
20,981

Pinellas Park 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
73.74% 3.25% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,216 / per month

Homeownership Rate

Homeownership
Owners 65.00
Renters 35.00
Vacant 12.79

Housing Market Details

 

Age of Homes

AGE OF Pinellas Park HOMES
2000 or Newer 8.2
1970 - 1999 61.9
1940 - 1969 29.3
1939 or Older 0.5

Types of Homes

TYPE OF Pinellas Park HOMES
Single-Family 56.1
Townhomes 6.7
Small Apt. Buildings 5.0
Apt. Complexes 17.1
Mobile Homes 14.4
Other 0.6

Home Size

SIZE OF Pinellas Park HOMES
No Bedroom 1.13
1 Bedroom 9.69
2 Bedrooms 51.69
3 Bedrooms 30.22
4 Bedrooms 6.15
5 or more bedrooms 1.13