Starke, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Starke Neighborhoods Since 2000




Starke, 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

Starke Housing Market Information

With a population of 5,397, 2,044 total housing units (homes and apartments), and a median house value of $110,804, house prices in Starke are solidly below the national average.

Single-family detached homes are the single most common housing type in Starke, accounting for 67.37% of the city's housing units. Other types of housing that are prevalent in Starke include large apartment complexes or high rise apartments ( 19.28%), mobile homes or trailers ( 6.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.13%).

The most prevalent building size and type in Starke are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.03% owning and 43.97% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Starke's housing was primarily built during this period, from the '40s through the '60s. A full 39.46% of the city's housing hails from this era. Other housing ages represented in Starke include homes built between 1970-1999 ( 34.21%) and housing constructed between 2000 and later ( 15.70%). There's also some housing in Starke built before 1939 ( 10.62%).

Vacant housing appears to be an issue in Starke. Fully 16.84% of the housing stock is classified as vacant. Left unchecked, vacant Starke homes and apartments can be a drag on the real estate market, holding Starke 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.

Starke Home Appreciation Rates

Homes have actually lost value in Starke over the last then years, as home values have seen a decline of 19.66% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Starke home appreciation rates at 1.20%, which equates to an annual appreciation rate of 4.89%.

Over the last year, Starke appreciation rates have trailed the rest of the nation. In the last twelve months, Starke's appreciation rate has been -0.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Starke were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Florida, our data show that Starke's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$110,804

Starke, FL HOME PRICES

Value Range
> $1,109,000 0.0
$832,001 - $1,109,000 0.0
$554,001 - $832,000 0.0
$444,001 - $554,000 0.1
$333,001 - $444,000 2.8
$222,001 - $333,000 9.8
$111,001 - $222,000 30.0
$56,001 - $111,000 38.6
$0 - $56,000 18.7

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
70.8719090589476 83.3333333333333

Number Of Homes And Apartments:
2,044

Starke 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
55.02% 2.57% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$941 / per month

Homeownership Rate

Homeownership
Owners 56.03
Renters 43.97
Vacant 16.84

Housing Market Details

 

Age of Homes

AGE OF Starke HOMES
2000 or Newer 15.7
1970 - 1999 34.2
1940 - 1969 39.5
1939 or Older 10.6

Types of Homes

TYPE OF Starke HOMES
Single-Family 67.4
Townhomes 1.7
Small Apt. Buildings 5.1
Apt. Complexes 19.3
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Starke HOMES
No Bedroom 3.70
1 Bedroom 2.64
2 Bedrooms 28.97
3 Bedrooms 54.23
4 Bedrooms 8.67
5 or more bedrooms 1.79