Treasure Island FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Treasure Island, 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

Treasure Island Housing Market Information

With 6,947 people, 3,640 houses or apartments, and a median cost of homes of $530,823, Treasure Island house prices are not only among the most expensive in Florida, Treasure Island real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Treasure Island, accounting for 46.76% of the city's housing units. Other types of housing that are prevalent in Treasure Island include single-family detached homes ( 32.35%), duplexes, homes converted to apartments or other small apartment buildings ( 12.29%), and a few row houses and other attached homes ( 8.06%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Dwellings in Treasure Island tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 70.55% of the homes in Treasure Island have two or fewer bedrooms.

There is a lot of housing in Treasure Island 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 Treasure Island built between 1940-1969 ( 41.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.37%). There's also some housing in Treasure Island built before 1939 ( 3.81%).

Vacant housing appears to be an issue in Treasure Island. Fully 38.89% of the housing stock is classified as vacant. Left unchecked, vacant Treasure Island homes and apartments can be a drag on the real estate market, holding Treasure Island 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.

Treasure Island Home Appreciation Rates

In the last 10 years, Treasure Island has experienced some of the highest home appreciation rates of any community in the nation. Treasure Island real estate appreciated 74.15% over the last ten years, which is an average annual home appreciation rate of 5.70%, putting Treasure Island in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Treasure Island 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 Treasure Island that despite a nationwide downturn in the housing market, Treasure Island real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Treasure Island appreciation rates continue to be some of the highest in America, at 7.41%, which is higher than appreciation rates in 92.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Treasure Island. Treasure Island appreciation rates in the latest quarter were at 1.85%, which equates to an annual appreciation rate of 7.62%.

Importantly, this makes Treasure Island 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 Treasure Island's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$530,823

Treasure Island, FL HOME PRICES

Value Range
> $1,292,000 5.5
$969,001 - $1,292,000 10.3
$646,001 - $969,000 17.4
$517,001 - $646,000 10.7
$387,001 - $517,000 16.1
$259,001 - $387,000 17.5
$129,001 - $259,000 18.8
$64,001 - $129,000 2.0
$0 - $64,000 1.8

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
6.82043795620438 11.9148936170213

Number Of Homes And Apartments:
3,640

Treasure Island 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
134.81% 4.25%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,765 / per month

Homeownership Rate

Homeownership
Owners 73.76
Renters 26.24
Vacant 38.89

Housing Market Details

 

Age of Homes

AGE OF Treasure Island HOMES
2000 or Newer 9.4
1970 - 1999 45.1
1940 - 1969 41.7
1939 or Older 3.8

Types of Homes

TYPE OF Treasure Island HOMES
Single-Family 32.4
Townhomes 8.1
Small Apt. Buildings 12.3
Apt. Complexes 46.8
Mobile Homes 0.2
Other 0.4

Home Size

SIZE OF Treasure Island HOMES
No Bedroom 3.66
1 Bedroom 20.20
2 Bedrooms 46.69
3 Bedrooms 23.84
4 Bedrooms 5.10
5 or more bedrooms 0.50