Plant City, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Plant City Neighborhoods Since 2000




Plant City, 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

Plant City Housing Market Information

With 37,406 people, 12,774 houses or apartments, and a median cost of homes of $129,794, house prices in Plant City are solidly below the national average.

Single-family detached homes are the single most common housing type in Plant City, accounting for 67.73% of the city's housing units. Other types of housing that are prevalent in Plant City include large apartment complexes or high rise apartments ( 16.51%), duplexes, homes converted to apartments or other small apartment buildings ( 7.49%), and a few mobile homes or trailers ( 5.10%).

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 57.12% owning and 42.88% 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 ( 21.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.01%). There's also some housing in Plant City built before 1939 ( 5.00%).

Plant City Home Appreciation Rates

Homes have actually lost value in Plant City over the last then years, as home values have seen a decline of 24.62% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Plant City home appreciation rates at 1.28%, which equates to an annual appreciation rate of 5.24%.

NeighborhoodScout's data show that during the latest twelve months, Plant City's appreciation rate, at 3.97%, has been at or slightly above the national average. In the latest quarter, Plant City's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.

Relative to Florida, our data show that Plant City's latest annual appreciation rate is lower 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.

Average Home Values

 

Median Home Value:
$129,794

Plant City, FL HOME PRICES

Value Range
> $1,264,000 0.4
$948,001 - $1,264,000 0.0
$631,001 - $948,000 0.3
$506,001 - $631,000 1.0
$379,001 - $506,000 4.1
$253,001 - $379,000 12.9
$126,001 - $253,000 42.7
$63,001 - $126,000 26.9
$0 - $63,000 11.7

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
59.9906246337748 75.6410256410256

Number Of Homes And Apartments:
12,774

Plant City 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
47.51% 2.28% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,071 / per month

Homeownership Rate

Homeownership
Owners 57.12
Renters 42.88
Vacant 9.19

Housing Market Details

 

Age of Homes

AGE OF Plant City HOMES
2000 or Newer 21.9
1970 - 1999 53.1
1940 - 1969 20.0
1939 or Older 5.0

Types of Homes

TYPE OF Plant City HOMES
Single-Family 67.7
Townhomes 3.2
Small Apt. Buildings 7.5
Apt. Complexes 16.5
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Plant City HOMES
No Bedroom 0.85
1 Bedroom 9.82
2 Bedrooms 24.43
3 Bedrooms 48.13
4 Bedrooms 14.34
5 or more bedrooms 2.43