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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Safety Harbor, FL Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Safety Harbor, FL Housing Market Trends

With 17,021 people, 6,693 houses or apartments, and a median cost of homes of $543,645, real estate costs in Safety Harbor are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Safety Harbor, accounting for 63.45% of the city's housing units. Other types of housing that are prevalent in Safety Harbor include large apartment complexes or high rise apartments ( 11.80%), mobile homes or trailers ( 9.87%), and a few row houses and other attached homes ( 7.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Safety Harbor. Owner-occupied housing accounts for 81.23% of Safety Harbor's homes, and 56.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Safety Harbor 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 Safety Harbor built between 2000 and later ( 8.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.19%).

Vacant housing appears to be an issue in Safety Harbor. Fully 10.93% of the housing stock is classified as vacant. Left unchecked, vacant Safety Harbor homes and apartments can be a drag on the real estate market, holding Safety Harbor 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.

Safety Harbor Home Appreciation Rates

In the last 10 years, Safety Harbor has experienced some of the highest home appreciation rates of any community in the nation. Safety Harbor real estate appreciated 151.33% over the last ten years, which is an average annual home appreciation rate of 9.65%, putting Safety Harbor in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Safety Harbor definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Safety Harbor's appreciation rate, at 3.80%, has been at or slightly above the national average. In the latest quarter, Safety Harbor's appreciation rate has been 3.00%, which annualizes to a rate of 12.56%.

Relative to Florida, our data show that Safety Harbor's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$543,645

Safety Harbor, FL Home Prices
> $1,594,000
$1,196,001 - $1,594,000
$797,001 - $1,196,000
$638,001 - $797,000
$478,001 - $638,000
$319,001 - $478,000
$159,001 - $319,000
$80,001 - $159,000
$0 - $80,000
0.7%
0.7%
2.6%
2.6%
9.8%
9.8%
16.9%
16.9%
21.7%
21.7%
22.1%
22.1%
15.1%
15.1%
5.2%
5.2%
6.0%
6.0%
0% 100.0%
% of Homes
High

for Florida

Very High

for nation

Number of Homes And Apartments:

6,693

Safety Harbor Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,457 / per month

Homeownership Rate

Owners
Renters
Vacant
81.2%
81.2%
18.8%
18.8%
10.9%
10.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.6%
8.6%
83.3%
83.3%
7.2%
7.2%
0.9%
0.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.5%
63.5%
7.9%
7.9%
7.0%
7.0%
11.8%
11.8%
9.9%
9.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
4.3%
4.3%
34.9%
34.9%
32.7%
32.7%
24.2%
24.2%
2.2%
2.2%
0% 100.0%
% of Homes