Tarpon Springs FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Tarpon Springs, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tarpon Springs Housing Market Information

With a population of 25,571, 9,987 total housing units (homes and apartments), and a median house value of $227,973, Tarpon Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tarpon Springs, accounting for 55.83% of the city's housing units. Other types of housing that are prevalent in Tarpon Springs include large apartment complexes or high rise apartments ( 18.13%), mobile homes or trailers ( 11.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.39%).

Dwellings in Tarpon Springs tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.40% of the homes in Tarpon Springs have two or fewer bedrooms.

There is a lot of housing in Tarpon Springs 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 Tarpon Springs built between 2000 and later ( 15.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.40%). There's also some housing in Tarpon Springs built before 1939 ( 3.14%).

Vacant housing appears to be an issue in Tarpon Springs. Fully 20.40% of the housing stock is classified as vacant. Left unchecked, vacant Tarpon Springs homes and apartments can be a drag on the real estate market, holding Tarpon Springs 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.

Tarpon Springs Home Appreciation Rates

In the last 10 years, Tarpon Springs has experienced some of the highest home appreciation rates of any community in the nation. Tarpon Springs real estate appreciated 58.86% over the last ten years, which is an average annual home appreciation rate of 4.74%, putting Tarpon Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tarpon Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Tarpon Springs's appreciation rate, at 3.62%, has been at or slightly above the national average. In the latest quarter, Tarpon Springs's appreciation rate has been 2.36%, which annualizes to a rate of 9.78%.

Relative to Florida, our data show that Tarpon Springs's latest annual appreciation rate is lower than 80% 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 Tarpon Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tarpon Springs - 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 Tarpon Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$227,973

Tarpon Springs, FL HOME PRICES

Value Range
> $1,342,000 1.3
$1,006,001 - $1,342,000 1.2
$671,001 - $1,006,000 3.3
$537,001 - $671,000 3.0
$403,001 - $537,000 7.8
$268,001 - $403,000 21.6
$135,001 - $268,000 35.4
$67,001 - $135,000 14.3
$0 - $67,000 12.0

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.4087591240876 48.0851063829787

Number Of Homes And Apartments:
9,987

Tarpon Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
115.36% 3.96%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,449 / per month

Homeownership Rate

Homeownership
Owners 65.91
Renters 34.09
Vacant 20.40

Housing Market Details

 

Age of Homes

AGE OF Tarpon Springs HOMES
2000 or Newer 15.9
1970 - 1999 67.5
1940 - 1969 13.4
1939 or Older 3.1

Types of Homes

TYPE OF Tarpon Springs HOMES
Single-Family 55.8
Townhomes 5.8
Small Apt. Buildings 8.4
Apt. Complexes 18.1
Mobile Homes 11.8
Other 0.1

Home Size

SIZE OF Tarpon Springs HOMES
No Bedroom 0.53
1 Bedroom 11.56
2 Bedrooms 38.30
3 Bedrooms 37.00
4 Bedrooms 11.13
5 or more bedrooms 1.47