Shalimar, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Shalimar, 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

Shalimar Housing Market Information

With a population of 796, 292 total housing units (homes and apartments), and a median house value of $290,357, Shalimar real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Shalimar, accounting for 65.30% of the town's housing units. Other types of housing that are prevalent in Shalimar include row houses and other attached homes ( 22.71%), large apartment complexes or high rise apartments ( 7.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shalimar. Owner-occupied housing accounts for 75.34% of Shalimar's homes, and 63.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Shalimar 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 Shalimar built between 2000 and later ( 11.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.73%).

Shalimar Home Appreciation Rates

Shalimar's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shalimar during the period has been just -1.65%, which is lower than 80% of US communities.

Appreciation rates are so strong in Shalimar that despite a nationwide downturn in the housing market, Shalimar real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shalimar appreciation rates continue to be some of the highest in America, at 11.82%, which is higher than appreciation rates in 97.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shalimar. Shalimar appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.41%.

Importantly, this makes Shalimar 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 Shalimar's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$290,357

Shalimar, FL HOME PRICES

Value Range
> $1,231,000 0.3
$922,001 - $1,231,000 1.2
$615,001 - $922,000 7.2
$492,001 - $615,000 4.7
$369,001 - $492,000 16.7
$246,001 - $369,000 26.7
$123,001 - $246,000 32.2
$61,001 - $123,000 5.8
$0 - $61,000 5.1

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
17.1920778155397 27.7777777777778

Number Of Homes And Apartments:
292

Shalimar 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
68.75% 3.08% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,338 / per month

Homeownership Rate

Homeownership
Owners 75.34
Renters 24.66
Vacant 7.89

Housing Market Details

 

Age of Homes

AGE OF Shalimar HOMES
2000 or Newer 11.0
1970 - 1999 78.2
1940 - 1969 10.7
1939 or Older 0.0

Types of Homes

TYPE OF Shalimar HOMES
Single-Family 65.3
Townhomes 22.7
Small Apt. Buildings 4.1
Apt. Complexes 7.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Shalimar HOMES
No Bedroom 0.00
1 Bedroom 2.52
2 Bedrooms 30.91
3 Bedrooms 41.64
4 Bedrooms 21.45
5 or more bedrooms 3.47

Popular Neighborhoods in Shalimar

Zip Codes in Shalimar, FL