Seminole, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Seminole, 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

Seminole Housing Market Information

With 18,153 people, 8,360 houses or apartments, and a median cost of homes of $176,917, Seminole real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Seminole, accounting for 40.86% of the city's housing units. Other types of housing that are prevalent in Seminole include large apartment complexes or high rise apartments ( 39.86%), mobile homes or trailers ( 10.72%), and a few row houses and other attached homes ( 4.57%).

Dwellings in Seminole tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 65.17% of the homes in Seminole have two or fewer bedrooms.

There is a lot of housing in Seminole 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 Seminole built between 1940-1969 ( 25.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.46%).

Vacant housing appears to be an issue in Seminole. Fully 21.33% of the housing stock is classified as vacant. Left unchecked, vacant Seminole homes and apartments can be a drag on the real estate market, holding Seminole 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.

Seminole Home Appreciation Rates

Seminole's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Seminole during the period has been just -1.31%, which is lower than 70% of US communities.

Appreciation rates are so strong in Seminole that despite a nationwide downturn in the housing market, Seminole real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seminole appreciation rates continue to be some of the highest in America, at 10.28%, which is higher than appreciation rates in 94.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seminole. Seminole appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Seminole's latest annual appreciation rate is higher than 60% 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 Seminole differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Seminole - 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 Seminole real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,917

Seminole, FL HOME PRICES

Value Range
> $1,366,000 0.4
$1,025,001 - $1,366,000 1.1
$683,001 - $1,025,000 2.1
$547,001 - $683,000 2.5
$410,001 - $547,000 5.1
$273,001 - $410,000 15.7
$136,001 - $273,000 40.7
$68,001 - $136,000 18.3
$0 - $68,000 13.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
39.200750029298 56.1965811965812

Number Of Homes And Apartments:
8,360

Seminole 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
72.64% 3.22% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,278 / per month

Homeownership Rate

Homeownership
Owners 73.10
Renters 26.90
Vacant 21.33

Housing Market Details

 

Age of Homes

AGE OF Seminole HOMES
2000 or Newer 10.5
1970 - 1999 63.8
1940 - 1969 25.4
1939 or Older 0.3

Types of Homes

TYPE OF Seminole HOMES
Single-Family 40.9
Townhomes 4.6
Small Apt. Buildings 3.4
Apt. Complexes 39.9
Mobile Homes 10.7
Other 0.6

Home Size

SIZE OF Seminole HOMES
No Bedroom 3.08
1 Bedroom 17.23
2 Bedrooms 44.86
3 Bedrooms 25.79
4 Bedrooms 7.65
5 or more bedrooms 1.39