Umatilla, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Umatilla Neighborhoods Since 2000




Umatilla, 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

Umatilla Housing Market Information

With 3,702 people, 1,399 houses or apartments, and a median cost of homes of $200,913, Umatilla real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Umatilla, accounting for 49.91% of the city's housing units. Other types of housing that are prevalent in Umatilla include large apartment complexes or high rise apartments ( 17.66%), mobile homes or trailers ( 15.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.32%).

People in Umatilla primarily live in small (one, two or no bedroom) single-family detached homes. Umatilla has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Umatilla 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 Umatilla built between 2000 and later ( 18.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.97%). There's also some housing in Umatilla built before 1939 ( 15.67%).

Vacant housing appears to be an issue in Umatilla. Fully 15.67% of the housing stock is classified as vacant. Left unchecked, vacant Umatilla homes and apartments can be a drag on the real estate market, holding Umatilla 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.

Umatilla Home Appreciation Rates

Homes have actually lost value in Umatilla over the last then years, as home values have seen a decline of 28.62% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Umatilla home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

Appreciation rates are so strong in Umatilla that despite a nationwide downturn in the housing market, Umatilla real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Umatilla appreciation rates continue to be some of the highest in America, at 9.48%, which is higher than appreciation rates in 92.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Umatilla. Umatilla appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Umatilla 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 Umatilla's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$200,913

Umatilla, FL HOME PRICES

Value Range
> $1,267,000 0.0
$950,001 - $1,267,000 0.5
$633,001 - $950,000 3.8
$507,001 - $633,000 7.6
$380,001 - $507,000 6.1
$254,001 - $380,000 18.0
$127,001 - $254,000 28.1
$63,001 - $127,000 24.8
$0 - $63,000 11.1

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.0110160553147 45.9401709401709

Number Of Homes And Apartments:
1,399

Umatilla 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
64.06% 2.91% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,050 / per month

Homeownership Rate

Homeownership
Owners 57.12
Renters 42.88
Vacant 15.67

Housing Market Details

 

Age of Homes

AGE OF Umatilla HOMES
2000 or Newer 18.6
1970 - 1999 49.7
1940 - 1969 16.0
1939 or Older 15.7

Types of Homes

TYPE OF Umatilla HOMES
Single-Family 49.9
Townhomes 7.2
Small Apt. Buildings 8.3
Apt. Complexes 17.7
Mobile Homes 15.9
Other 1.1

Home Size

SIZE OF Umatilla HOMES
No Bedroom 1.51
1 Bedroom 26.64
2 Bedrooms 32.61
3 Bedrooms 19.83
4 Bedrooms 12.18
5 or more bedrooms 7.23