Port Orange, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Port Orange Neighborhoods Since 2000




Port Orange, FL Real Estate Data


Port Orange Housing Market Information

With 59,866 people, 24,356 houses or apartments, and a median cost of homes of $181,127, Port Orange real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Port Orange, accounting for 58.97% of the city's housing units. Other types of housing that are prevalent in Port Orange include mobile homes or trailers ( 19.26%), large apartment complexes or high rise apartments ( 10.16%), and a few row houses and other attached homes ( 6.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Orange. Owner-occupied housing accounts for 75.05% of Port Orange's homes, and 55.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Port Orange 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 Port Orange built between 2000 and later ( 21.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.85%).

Vacant housing appears to be an issue in Port Orange. Fully 14.69% of the housing stock is classified as vacant. Left unchecked, vacant Port Orange homes and apartments can be a drag on the real estate market, holding Port Orange 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.

Port Orange Home Appreciation Rates

Homes have actually lost value in Port Orange over the last then years, as home values have seen a decline of 20.14% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Port Orange home appreciation rates at 3.30%, which equates to an annual appreciation rate of 13.85%.

Appreciation rates are so strong in Port Orange that despite a nationwide downturn in the housing market, Port Orange real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Orange appreciation rates continue to be some of the highest in America, at 11.16%, which is higher than appreciation rates in 95.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Orange. Port Orange appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.

Importantly, NeighborhoodScout’s exclusive research found that Port Orange's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Florida, our data show that Port Orange's latest annual appreciation rate is higher than 70% 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 Port Orange differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Orange - 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 Port Orange real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$181,127

Port Orange, FL HOME PRICES

Value Range
> $1,308,000 0.2
$981,001 - $1,308,000 0.6
$654,001 - $981,000 2.5
$523,001 - $654,000 1.4
$393,001 - $523,000 6.5
$262,001 - $393,000 15.3
$131,001 - $262,000 37.8
$66,001 - $131,000 17.6
$0 - $66,000 17.5

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
37.4047814367749 52.8846153846154

Number Of Homes And Apartments:
24,356

Rent & Ownership

 

Average Market Rent:
$1,261 / per month

Homeownership Rate

Homeownership
Owners 75.05
Renters 24.95
Vacant 14.69

Housing Market Details

 

Age of Homes

AGE OF Port Orange HOMES
2000 or Newer 21.9
1970 - 1999 71.7
1940 - 1969 5.8
1939 or Older 0.6

Types of Homes

TYPE OF Port Orange HOMES
Single-Family 59.0
Townhomes 6.0
Small Apt. Buildings 5.5
Apt. Complexes 10.2
Mobile Homes 19.3
Other 0.1

Home Size

SIZE OF Port Orange HOMES
No Bedroom 0.76
1 Bedroom 6.14
2 Bedrooms 36.11
3 Bedrooms 43.64
4 Bedrooms 12.22
5 or more bedrooms 1.13

Port Orange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
71.57% 3.18% 5 9
* 10 is highest