Sun City Center, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sun City Center Neighborhoods Since 2000




Sun City Center, FL Real Estate Data


Sun City Center Housing Market Information

With 20,667 people, 11,790 houses or apartments, and a median cost of homes of $179,997, Sun City Center real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sun City Center, accounting for 41.72% of the town's housing units. Other types of housing that are prevalent in Sun City Center include row houses and other attached homes ( 37.43%), large apartment complexes or high rise apartments ( 10.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.16%).

Dwellings in Sun City Center tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 77.19% of the homes in Sun City Center have two or fewer bedrooms.

There is a lot of housing in Sun City Center 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 Sun City Center built between 2000 and later ( 22.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.65%).

Vacant housing appears to be an issue in Sun City Center. Fully 17.10% of the housing stock is classified as vacant. Left unchecked, vacant Sun City Center homes and apartments can be a drag on the real estate market, holding Sun City Center 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.

Sun City Center Home Appreciation Rates

Homes have actually lost value in Sun City Center over the last then years, as home values have seen a decline of 21.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sun City Center home appreciation rates at 3.75%, which equates to an annual appreciation rate of 15.85%.

Appreciation rates are so strong in Sun City Center that despite a nationwide downturn in the housing market, Sun City Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sun City Center appreciation rates continue to be some of the highest in America, at 11.06%, which is higher than appreciation rates in 98.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sun City Center. Sun City Center appreciation rates in the latest quarter were at 3.75%, which equates to an annual appreciation rate of 15.85%.

Importantly, this makes Sun City Center 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 Sun City Center's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Sun City Center differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sun City Center - 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 Sun City Center real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$179,997

Sun City Center, FL HOME PRICES

Value Range
> $1,320,000 0.2
$990,001 - $1,320,000 0.1
$660,001 - $990,000 0.2
$528,001 - $660,000 1.3
$396,001 - $528,000 4.9
$264,001 - $396,000 10.4
$132,001 - $264,000 50.4
$66,001 - $132,000 22.9
$0 - $66,000 9.6

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
39.3218949464192 55.5555555555556

Number Of Homes And Apartments:
11,790

Rent & Ownership

 

Average Market Rent:
$1,981 / per month

Homeownership Rate

Homeownership
Owners 80.13
Renters 19.87
Vacant 17.10

Housing Market Details

 

Age of Homes

AGE OF Sun City Center HOMES
2000 or Newer 22.2
1970 - 1999 67.8
1940 - 1969 9.6
1939 or Older 0.4

Types of Homes

TYPE OF Sun City Center HOMES
Single-Family 41.7
Townhomes 37.4
Small Apt. Buildings 8.2
Apt. Complexes 10.9
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Sun City Center HOMES
No Bedroom 2.29
1 Bedroom 7.38
2 Bedrooms 67.52
3 Bedrooms 18.58
4 Bedrooms 3.33
5 or more bedrooms 0.90

Sun City Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
47.26% 2.30% 2 6
* 10 is highest