Tavares, FL Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Tavares, FL Housing Market Trends

With a population of 19,003, 7,129 total housing units (homes and apartments), and a median house value of $159,274, house prices in Tavares are solidly below the national average.

Single-family detached homes are the single most common housing type in Tavares, accounting for 50.45% of the city's housing units. Other types of housing that are prevalent in Tavares include mobile homes or trailers ( 30.80%), large apartment complexes or high rise apartments ( 8.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.89%).

Dwellings in Tavares tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.03% of the homes in Tavares have two or fewer bedrooms.

There is a lot of housing in Tavares 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 Tavares built between 2000 and later ( 35.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.85%). There's also some housing in Tavares built before 1939 ( 1.10%).

Vacant housing appears to be an issue in Tavares. Fully 20.67% of the housing stock is classified as vacant. Left unchecked, vacant Tavares homes and apartments can be a drag on the real estate market, holding Tavares 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.

Tavares Home Appreciation Rates

In the last 10 years, Tavares has experienced some of the highest home appreciation rates of any community in the nation. Tavares real estate appreciated 111.70% over the last ten years, which is an average annual home appreciation rate of 7.79%, putting Tavares in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tavares definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Tavares that despite a nationwide downturn in the housing market, Tavares real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tavares appreciation rates continue to be some of the highest in America, at 15.48%, which is higher than appreciation rates in 75.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tavares. Tavares appreciation rates in the latest quarter were at 6.06%, which equates to an annual appreciation rate of 26.52%.

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

Average Home Values

 

Median Home Value:
$159,274

Tavares, FL HOME PRICES

> $1,414,000
0.5%
0.5%
$1,061,001 - $1,414,000
0.0%
0.0%
$707,001 - $1,061,000
1.9%
1.9%
$566,001 - $707,000
1.9%
1.9%
$424,001 - $566,000
3.3%
3.3%
$283,001 - $424,000
15.4%
15.4%
$142,001 - $283,000
33.7%
33.7%
$71,001 - $142,000
23.2%
23.2%
$0 - $71,000
20.1%
20.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
7,129

Tavares Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
128.67% 3.88%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,519 / per month

Homeownership Rate

Owners
65.3%
65.3%
Renters
34.7%
34.7%
Vacant
20.7%
20.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
35.0%
35.0%
1970 - 1999
47.0%
47.0%
1940 - 1969
16.8%
16.8%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.5%
50.5%
Townhomes
4.4%
4.4%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
8.3%
8.3%
Mobile Homes
30.8%
30.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
9.6%
9.6%
2 Bedrooms
42.9%
42.9%
3 Bedrooms
36.4%
36.4%
4 Bedrooms
8.4%
8.4%
5 or more bedrooms
1.2%
1.2%
0.0% 100.0%
% OF HOMES