Summerfield, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Summerfield Neighborhoods Since 2000




Summerfield, 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

Summerfield Housing Market Information

With 29,589 people, 3,866 houses or apartments, and a median cost of homes of $199,686, Summerfield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Summerfield, accounting for 69.55% of the town's housing units. Other types of housing that are prevalent in Summerfield include mobile homes or trailers ( 30.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Summerfield. Owner-occupied housing accounts for 86.64% of Summerfield's homes, and 60.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Summerfield 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 Summerfield built between 2000 and later ( 37.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.17%).

Vacant housing appears to be an issue in Summerfield. Fully 20.90% of the housing stock is classified as vacant. Left unchecked, vacant Summerfield homes and apartments can be a drag on the real estate market, holding Summerfield 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.

Summerfield Home Appreciation Rates

Homes have actually lost value in Summerfield over the last then years, as home values have seen a decline of 29.66% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Summerfield home appreciation rates at -0.58%, which equates to an annual appreciation rate of -2.28%.

Over the last year, Summerfield appreciation rates have trailed the rest of the nation. In the last twelve months, Summerfield's appreciation rate has been 3.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Summerfield were at -0.58%, which equates to an annual appreciation rate of -2.28%.

Notably, Summerfield's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Summerfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$199,686

Summerfield, FL HOME PRICES

Value Range
> $1,199,000 0.4
$899,001 - $1,199,000 1.6
$599,001 - $899,000 1.0
$480,001 - $599,000 1.0
$359,001 - $480,000 4.9
$239,001 - $359,000 23.0
$120,001 - $239,000 29.3
$60,001 - $120,000 25.5
$0 - $60,000 13.4

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.3391538731982 46.5811965811966

Number Of Homes And Apartments:
3,866

Summerfield 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
42.55% 2.08% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,204 / per month

Homeownership Rate

Homeownership
Owners 86.64
Renters 13.36
Vacant 20.90

Housing Market Details

 

Age of Homes

AGE OF Summerfield HOMES
2000 or Newer 37.9
1970 - 1999 56.7
1940 - 1969 5.2
1939 or Older 0.3

Types of Homes

TYPE OF Summerfield HOMES
Single-Family 69.5
Townhomes 0.1
Small Apt. Buildings 0.0
Apt. Complexes 0.3
Mobile Homes 30.1
Other 0.0

Home Size

SIZE OF Summerfield HOMES
No Bedroom 0.00
1 Bedroom 1.60
2 Bedrooms 37.56
3 Bedrooms 54.55
4 Bedrooms 5.53
5 or more bedrooms 0.76