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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Seminole Housing Market Information

With 18,576 people, 8,590 houses or apartments, and a median cost of homes of $180,606, Seminole real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Seminole, accounting for 41.81% of the city's housing units. Other types of housing that are prevalent in Seminole include large apartment complexes or high rise apartments ( 38.98%), mobile homes or trailers ( 10.93%), and a few row houses and other attached homes ( 4.46%).

Dwellings in Seminole tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 64.17% 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 ( 28.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.42%). There's also some housing in Seminole built before 1939 ( 1.01%).

Vacant housing appears to be an issue in Seminole. Fully 21.04% 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

In the last 10 years, Seminole has experienced some of the highest home appreciation rates of any community in the nation. Seminole real estate appreciated 39.68% over the last ten years, which is an average annual home appreciation rate of 3.40%, putting Seminole in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Seminole 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, Seminole's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Seminole's appreciation rate has been 0.36%, which annualizes to a rate of 1.47%.

Relative to Florida, our data show that Seminole's latest annual appreciation rate is lower 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:
$180,606

Seminole, FL HOME PRICES

Value Range
> $1,336,000 0.7
$1,002,001 - $1,336,000 1.7
$668,001 - $1,002,000 4.0
$534,001 - $668,000 2.5
$401,001 - $534,000 8.6
$267,001 - $401,000 20.6
$133,001 - $267,000 35.7
$67,001 - $133,000 15.0
$0 - $67,000 11.2

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
44.1985401459854 63.6170212765957

Number Of Homes And Apartments:
8,590

Seminole Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
102.91% 3.74%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,412 / per month

Homeownership Rate

Homeownership
Owners 71.58
Renters 28.42
Vacant 21.04

Housing Market Details

 

Age of Homes

AGE OF Seminole HOMES
2000 or Newer 12.4
1970 - 1999 57.9
1940 - 1969 28.7
1939 or Older 1.0

Types of Homes

TYPE OF Seminole HOMES
Single-Family 41.8
Townhomes 4.5
Small Apt. Buildings 3.8
Apt. Complexes 39.0
Mobile Homes 10.9
Other 0.0

Home Size

SIZE OF Seminole HOMES
No Bedroom 2.79
1 Bedroom 14.75
2 Bedrooms 46.62
3 Bedrooms 27.84
4 Bedrooms 6.65
5 or more bedrooms 1.34