Titusville, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Titusville Neighborhoods Since 2000




Titusville, 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

Titusville Housing Market Information

With 45,393 people, 18,722 houses or apartments, and a median cost of homes of $153,558, Titusville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Titusville, accounting for 60.35% of the city's housing units. Other types of housing that are prevalent in Titusville include large apartment complexes or high rise apartments ( 22.51%), duplexes, homes converted to apartments or other small apartment buildings ( 8.44%), and a few mobile homes or trailers ( 4.32%).

The most prevalent building size and type in Titusville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.90% owning and 35.10% renting.

There is a lot of housing in Titusville 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 Titusville built between 1940-1969 ( 35.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.93%).

Vacant housing appears to be an issue in Titusville. Fully 21.72% of the housing stock is classified as vacant. Left unchecked, vacant Titusville homes and apartments can be a drag on the real estate market, holding Titusville 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.

Titusville Home Appreciation Rates

Homes have actually lost value in Titusville over the last then years, as home values have seen a decline of 26.37% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Titusville home appreciation rates at 2.32%, which equates to an annual appreciation rate of 9.60%.

Appreciation rates are so strong in Titusville that despite a nationwide downturn in the housing market, Titusville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Titusville appreciation rates continue to be some of the highest in America, at 13.01%, which is higher than appreciation rates in 98.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Titusville. Titusville appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.60%.

Importantly, this makes Titusville 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 Titusville's latest annual appreciation rate is higher 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 Titusville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Titusville - 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 Titusville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,558

Titusville, FL HOME PRICES

Value Range
> $1,398,000 0.4
$1,049,001 - $1,398,000 0.2
$699,001 - $1,049,000 1.0
$559,001 - $699,000 0.4
$420,001 - $559,000 2.9
$280,001 - $420,000 7.8
$140,001 - $280,000 29.7
$70,001 - $140,000 41.9
$0 - $70,000 15.6

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
48.529239423415 63.4615384615385

Number Of Homes And Apartments:
18,722

Titusville 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
54.24% 2.54% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,040 / per month

Homeownership Rate

Homeownership
Owners 64.90
Renters 35.10
Vacant 21.72

Housing Market Details

 

Age of Homes

AGE OF Titusville HOMES
2000 or Newer 15.9
1970 - 1999 47.6
1940 - 1969 35.5
1939 or Older 1.0

Types of Homes

TYPE OF Titusville HOMES
Single-Family 60.3
Townhomes 4.3
Small Apt. Buildings 8.4
Apt. Complexes 22.5
Mobile Homes 4.3
Other 0.1

Home Size

SIZE OF Titusville HOMES
No Bedroom 0.70
1 Bedroom 7.51
2 Bedrooms 32.10
3 Bedrooms 46.63
4 Bedrooms 11.43
5 or more bedrooms 1.63