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 about Scout's Real Estate Data
With 39,653 people, 14,581 houses or apartments, and a median cost of homes of $304,010, Plant City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Plant City, accounting for 65.70% of the city's housing units. Other types of housing that are prevalent in Plant City include large apartment complexes or high rise apartments ( 17.04%), duplexes, homes converted to apartments or other small apartment buildings ( 6.90%), and a few mobile homes or trailers ( 5.60%).
The most prevalent building size and type in Plant City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.76% owning and 39.24% renting.
There is a lot of housing in Plant City 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 Plant City built between 2000 and later ( 28.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.30%). There's also some housing in Plant City built before 1939 ( 3.60%).
In the last 10 years, Plant City has experienced some of the highest home appreciation rates of any community in the nation. Plant City real estate appreciated 199.86% over the last ten years, which is an average annual home appreciation rate of 11.61%, putting Plant City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Plant City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Plant City that despite a nationwide downturn in the housing market, Plant City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plant City appreciation rates continue to be some of the highest in America, at 22.00%, which is higher than appreciation rates in 99.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plant City. Plant City appreciation rates in the latest quarter were at 2.16%, which equates to an annual appreciation rate of 8.94%.
Importantly, this makes Plant City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Plant City's latest annual appreciation rate is higher than 80% 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 Plant City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plant City - 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 Plant City real estate investment or home purchase decisions.
$2,556 / per month