Rotonda West, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rotonda West, 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

Rotonda West Housing Market Information

With 11,731 people, 2,611 houses or apartments, and a median cost of homes of $268,907, Rotonda West real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rotonda West, accounting for 69.40% of the town's housing units. Other types of housing that are prevalent in Rotonda West include large apartment complexes or high rise apartments ( 16.92%), duplexes, homes converted to apartments or other small apartment buildings ( 9.57%), and a few row houses and other attached homes ( 2.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rotonda West. Owner-occupied housing accounts for 76.66% of Rotonda West's homes, and 63.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rotonda West 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 Rotonda West built between 2000 and later ( 46.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.74%).

Vacant housing appears to be an issue in Rotonda West. Fully 34.86% of the housing stock is classified as vacant. Left unchecked, vacant Rotonda West homes and apartments can be a drag on the real estate market, holding Rotonda West 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.

Rotonda West Home Appreciation Rates

Homes have actually lost value in Rotonda West over the last then years, as home values have seen a decline of 20.54% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rotonda West home appreciation rates at 4.72%, which equates to an annual appreciation rate of 20.27%.

Appreciation rates are so strong in Rotonda West that despite a nationwide downturn in the housing market, Rotonda West real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rotonda West appreciation rates continue to be some of the highest in America, at 10.79%, which is higher than appreciation rates in 95.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rotonda West. Rotonda West appreciation rates in the latest quarter were at 4.72%, which equates to an annual appreciation rate of 20.27%.

Importantly, this makes Rotonda West one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Rotonda West's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$268,907

Rotonda West, FL HOME PRICES

Value Range
> $1,315,000 0.3
$986,001 - $1,315,000 0.3
$657,001 - $986,000 1.8
$526,001 - $657,000 1.4
$395,001 - $526,000 5.4
$263,001 - $395,000 37.0
$132,001 - $263,000 37.5
$66,001 - $132,000 12.7
$0 - $66,000 3.5

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
19.9226532286417 29.7008547008547

Number Of Homes And Apartments:
2,611

Rotonda West 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
61.40% 2.81% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,415 / per month

Homeownership Rate

Homeownership
Owners 76.66
Renters 23.34
Vacant 34.86

Housing Market Details

 

Age of Homes

AGE OF Rotonda West HOMES
2000 or Newer 46.0
1970 - 1999 51.2
1940 - 1969 2.7
1939 or Older 0.0

Types of Homes

TYPE OF Rotonda West HOMES
Single-Family 69.4
Townhomes 2.2
Small Apt. Buildings 9.6
Apt. Complexes 16.9
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Rotonda West HOMES
No Bedroom 1.55
1 Bedroom 4.28
2 Bedrooms 29.94
3 Bedrooms 57.60
4 Bedrooms 6.09
5 or more bedrooms 0.54

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Zip Codes in Rotonda West, FL