Sunrise, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sunrise Neighborhoods Since 2000




Sunrise, FL Real Estate Data


Sunrise Housing Market Information

With 92,700 people, 31,343 houses or apartments, and a median cost of homes of $208,532, Sunrise real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Sunrise, accounting for 44.09% of the city's housing units. Other types of housing that are prevalent in Sunrise include single-family detached homes ( 40.70%), row houses and other attached homes ( 10.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.43%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Dwellings in Sunrise tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.23% of the homes in Sunrise have two or fewer bedrooms.

There is a lot of housing in Sunrise 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 Sunrise built between 1940-1969 ( 10.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.85%).

Vacant housing appears to be an issue in Sunrise. Fully 15.23% of the housing stock is classified as vacant. Left unchecked, vacant Sunrise homes and apartments can be a drag on the real estate market, holding Sunrise 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.

Sunrise Home Appreciation Rates

Homes have actually lost value in Sunrise over the last then years, as home values have seen a decline of 22.07% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sunrise home appreciation rates at 2.59%, which equates to an annual appreciation rate of 10.76%.

Appreciation rates are so strong in Sunrise that despite a nationwide downturn in the housing market, Sunrise real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sunrise appreciation rates continue to be some of the highest in America, at 8.13%, which is higher than appreciation rates in 92.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sunrise. Sunrise appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.76%.

Relative to Florida, our data show that Sunrise'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 Sunrise differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sunrise - 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 Sunrise real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$208,532

Sunrise, FL HOME PRICES

Value Range
> $1,448,000 0.2
$1,086,001 - $1,448,000 0.1
$724,001 - $1,086,000 0.6
$579,001 - $724,000 1.0
$434,001 - $579,000 4.4
$289,001 - $434,000 21.4
$145,001 - $289,000 41.1
$72,001 - $145,000 16.3
$0 - $72,000 14.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
31.0710312115711 46.3675213675214

Number Of Homes And Apartments:
31,343

Rent & Ownership

 

Average Market Rent:
$1,608 / per month

Homeownership Rate

Homeownership
Owners 69.12
Renters 30.88
Vacant 15.23

Housing Market Details

 

Age of Homes

AGE OF Sunrise HOMES
2000 or Newer 7.8
1970 - 1999 81.0
1940 - 1969 10.5
1939 or Older 0.7

Types of Homes

TYPE OF Sunrise HOMES
Single-Family 40.7
Townhomes 10.4
Small Apt. Buildings 4.4
Apt. Complexes 44.1
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF Sunrise HOMES
No Bedroom 1.02
1 Bedroom 13.83
2 Bedrooms 40.38
3 Bedrooms 35.20
4 Bedrooms 8.98
5 or more bedrooms 0.58

Sunrise 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
95.69% 4.03% 8 10
* 10 is highest