Temple Terrace FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Temple Terrace Housing Market Information

With 26,471 people, 9,785 houses or apartments, and a median cost of homes of $286,943, 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 44.56% of the city's housing units. Other types of housing that are prevalent in Temple Terrace include large apartment complexes or high rise apartments ( 31.91%), duplexes, homes converted to apartments or other small apartment buildings ( 13.90%), and a few row houses and other attached homes ( 9.21%).

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 48.94% owning and 51.06% 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 ( 17.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.04%).

Temple Terrace Home Appreciation Rates

In the last 10 years, Temple Terrace has experienced some of the highest home appreciation rates of any community in the nation. Temple Terrace real estate appreciated 76.64% over the last ten years, which is an average annual home appreciation rate of 5.85%, putting Temple Terrace in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Temple Terrace 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, Temple Terrace's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Temple Terrace's appreciation rate has been 1.85%, which annualizes to a rate of 7.62%.

Importantly, this makes Temple Terrace one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Temple Terrace's latest annual appreciation rate is lower 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 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:
$286,943

Temple Terrace, FL HOME PRICES

Value Range
> $1,333,000 0.1
$999,001 - $1,333,000 2.1
$667,001 - $999,000 3.9
$533,001 - $667,000 1.9
$400,001 - $533,000 10.0
$267,001 - $400,000 30.1
$134,001 - $267,000 29.1
$67,001 - $134,000 17.1
$0 - $67,000 5.6

High for FL
High for Nation

Value Relative to Nation Value Relative to State
23.0832116788321 35.1063829787234

Number Of Homes And Apartments:
9,785

Temple Terrace Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
112.55% 3.75%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,490 / per month

Homeownership Rate

Homeownership
Owners 48.94
Renters 51.06
Vacant 8.75

Housing Market Details

 

Age of Homes

AGE OF Temple Terrace HOMES
2000 or Newer 16.0
1970 - 1999 65.3
1940 - 1969 17.8
1939 or Older 0.8

Types of Homes

TYPE OF Temple Terrace HOMES
Single-Family 44.6
Townhomes 9.2
Small Apt. Buildings 13.9
Apt. Complexes 31.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Temple Terrace HOMES
No Bedroom 1.59
1 Bedroom 11.06
2 Bedrooms 33.76
3 Bedrooms 29.81
4 Bedrooms 20.45
5 or more bedrooms 3.34