Quincy, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Quincy, 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

Quincy Housing Market Information

With a population of 7,830, 2,733 total housing units (homes and apartments), and a median house value of $90,121, house prices in Quincy are some of the most affordable in Florida as well as the nation.

Single-family detached homes are the single most common housing type in Quincy, accounting for 82.59% of the city's housing units. Other types of housing that are prevalent in Quincy include large apartment complexes or high rise apartments ( 7.48%), mobile homes or trailers ( 5.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.04%).

The most prevalent building size and type in Quincy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.01% owning and 41.99% renting.

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. Quincy's housing was primarily built during this period, from the '40s through the '60s. A full 44.20% of the city's housing hails from this era. Other housing ages represented in Quincy include homes built between 1970-1999 ( 35.81%) and housing constructed between 2000 and later ( 12.22%). There's also some housing in Quincy built before 1939 ( 7.78%).

Vacant housing appears to be an issue in Quincy. Fully 10.72% of the housing stock is classified as vacant. Left unchecked, vacant Quincy homes and apartments can be a drag on the real estate market, holding Quincy 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.

Quincy Home Appreciation Rates

Homes have actually lost value in Quincy over the last then years, as home values have seen a decline of 24.69% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Quincy home appreciation rates at 0.31%, which equates to an annual appreciation rate of 1.25%.

Over the last year, Quincy appreciation rates have trailed the rest of the nation. In the last twelve months, Quincy's appreciation rate has been -2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Quincy were at 0.31%, which equates to an annual appreciation rate of 1.25%.

Relative to Florida, our data show that Quincy's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$90,121

Quincy, FL HOME PRICES

Value Range
> $993,000 0.2
$744,001 - $993,000 0.0
$496,001 - $744,000 0.3
$397,001 - $496,000 0.3
$298,001 - $397,000 3.7
$199,001 - $298,000 9.2
$99,001 - $199,000 29.8
$50,001 - $99,000 38.3
$0 - $50,000 18.1

Very Low for FL
Very Low for Nation

Value Relative to Nation Value Relative to State
83.8421422711825 94.8717948717949

Number Of Homes And Apartments:
2,733

Quincy 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
20.55% 1.09% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$829 / per month

Homeownership Rate

Homeownership
Owners 58.01
Renters 41.99
Vacant 10.72

Housing Market Details

 

Age of Homes

AGE OF Quincy HOMES
2000 or Newer 12.2
1970 - 1999 35.8
1940 - 1969 44.2
1939 or Older 7.8

Types of Homes

TYPE OF Quincy HOMES
Single-Family 82.6
Townhomes 0.9
Small Apt. Buildings 3.0
Apt. Complexes 7.5
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Quincy HOMES
No Bedroom 3.27
1 Bedroom 2.19
2 Bedrooms 27.80
3 Bedrooms 51.85
4 Bedrooms 12.97
5 or more bedrooms 1.93

Popular Neighborhoods in Quincy

Zip Codes in Quincy, FL