Valrico FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Valrico, 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

Valrico Housing Market Information

With 38,146 people, 13,388 houses or apartments, and a median cost of homes of $272,443, Valrico real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Valrico, accounting for 80.32% of the town's housing units. Other types of housing that are prevalent in Valrico include mobile homes or trailers ( 14.11%), row houses and other attached homes ( 2.99%), and a few large apartment complexes or high rise apartments ( 2.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Valrico. Owner-occupied housing accounts for 83.06% of Valrico's homes, and 75.07% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Valrico 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 Valrico built between 2000 and later ( 38.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.29%).

Valrico Home Appreciation Rates

In the last 10 years, Valrico has experienced some of the highest home appreciation rates of any community in the nation. Valrico real estate appreciated 62.56% over the last ten years, which is an average annual home appreciation rate of 4.98%, putting Valrico in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Valrico 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 Valrico that despite a nationwide downturn in the housing market, Valrico real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Valrico appreciation rates continue to be some of the highest in America, at 5.70%, which is higher than appreciation rates in 76.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Valrico. Valrico appreciation rates in the latest quarter were at 1.85%, which equates to an annual appreciation rate of 7.62%.

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

Relative to Florida, our data show that Valrico's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Valrico differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Valrico - 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 Valrico real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$272,443

Valrico, FL HOME PRICES

Value Range
> $1,275,000 0.3
$956,001 - $1,275,000 0.5
$638,001 - $956,000 1.7
$510,001 - $638,000 4.5
$382,001 - $510,000 17.2
$255,001 - $382,000 32.7
$127,001 - $255,000 28.3
$64,001 - $127,000 5.9
$0 - $64,000 9.0

High for FL
High for Nation

Value Relative to Nation Value Relative to State
25.243795620438 37.8723404255319

Number Of Homes And Apartments:
13,388

Valrico 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
100.00% 3.44%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,146 / per month

Homeownership Rate

Homeownership
Owners 83.06
Renters 16.94
Vacant 5.88

Housing Market Details

 

Age of Homes

AGE OF Valrico HOMES
2000 or Newer 38.7
1970 - 1999 57.5
1940 - 1969 3.3
1939 or Older 0.6

Types of Homes

TYPE OF Valrico HOMES
Single-Family 80.3
Townhomes 3.0
Small Apt. Buildings 0.3
Apt. Complexes 2.2
Mobile Homes 14.1
Other 0.1

Home Size

SIZE OF Valrico HOMES
No Bedroom 0.20
1 Bedroom 2.40
2 Bedrooms 16.49
3 Bedrooms 35.82
4 Bedrooms 39.24
5 or more bedrooms 5.86