Temple Terrace, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Temple Terrace Neighborhoods Since 2000




Temple Terrace, 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

Temple Terrace Housing Market Information

With 25,731 people, 9,815 houses or apartments, and a median cost of homes of $220,172, Temple Terrace real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Temple Terrace, accounting for 46.12% of the city's housing units. Other types of housing that are prevalent in Temple Terrace include large apartment complexes or high rise apartments ( 32.53%), row houses and other attached homes ( 12.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.65%).

The most prevalent building size and type in Temple Terrace are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.58% owning and 47.42% renting.

There is a lot of housing in Temple Terrace 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 Temple Terrace built between 1940-1969 ( 19.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.50%).

Vacant housing appears to be an issue in Temple Terrace. Fully 11.86% of the housing stock is classified as vacant. Left unchecked, vacant Temple Terrace homes and apartments can be a drag on the real estate market, holding Temple Terrace 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.

Temple Terrace Home Appreciation Rates

Homes have actually lost value in Temple Terrace over the last then years, as home values have seen a decline of 19.43% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Temple Terrace home appreciation rates at 1.28%, which equates to an annual appreciation rate of 5.24%.

Appreciation rates are so strong in Temple Terrace that despite a nationwide downturn in the housing market, Temple Terrace real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple Terrace appreciation rates continue to be some of the highest in America, at 9.55%, which is higher than appreciation rates in 92.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple Terrace. Temple Terrace appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Temple Terrace's latest annual appreciation rate is higher than 50% 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 Temple Terrace differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temple Terrace - 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 Temple Terrace real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$220,172

Temple Terrace, FL HOME PRICES

Value Range
> $1,300,000 0.1
$975,001 - $1,300,000 0.7
$650,001 - $975,000 2.3
$520,001 - $650,000 1.9
$390,001 - $520,000 8.2
$260,001 - $390,000 23.8
$130,001 - $260,000 35.1
$65,001 - $130,000 21.2
$0 - $65,000 6.8

High for FL
High for Nation

Value Relative to Nation Value Relative to State
27.692487987812 39.1025641025641

Number Of Homes And Apartments:
9,815

Temple Terrace 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
61.72% 2.83% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,221 / per month

Homeownership Rate

Homeownership
Owners 52.58
Renters 47.42
Vacant 11.86

Housing Market Details

 

Age of Homes

AGE OF Temple Terrace HOMES
2000 or Newer 16.5
1970 - 1999 64.2
1940 - 1969 19.1
1939 or Older 0.2

Types of Homes

TYPE OF Temple Terrace HOMES
Single-Family 46.1
Townhomes 12.3
Small Apt. Buildings 8.6
Apt. Complexes 32.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Temple Terrace HOMES
No Bedroom 2.87
1 Bedroom 10.90
2 Bedrooms 32.08
3 Bedrooms 30.09
4 Bedrooms 21.32
5 or more bedrooms 2.74