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 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

Valrico Housing Market Information

With a population of 38,146, 12,799 total housing units (homes and apartments), and a median house value of $252,639, 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 79.70% of the town's housing units. Other types of housing that are prevalent in Valrico include mobile homes or trailers ( 13.08%), row houses and other attached homes ( 3.13%), and a few large apartment complexes or high rise apartments ( 3.09%).

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 82.47% of Valrico's homes, and 75.35% 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 ( 34.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.62%).

Valrico Home Appreciation Rates

Valrico's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Valrico during the period has been just -1.83%, which is lower than 80% of US communities.

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 6.02%, which is higher than appreciation rates in 74.22% 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 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Valrico'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 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:
$252,639

Valrico, FL HOME PRICES

Value Range
> $1,306,000 0.2
$980,001 - $1,306,000 0.0
$653,001 - $980,000 1.0
$523,001 - $653,000 3.5
$392,001 - $523,000 12.3
$261,001 - $392,000 30.2
$130,001 - $261,000 33.6
$65,001 - $130,000 9.8
$0 - $65,000 9.3

High for FL
High for Nation

Value Relative to Nation Value Relative to State
22.0789874604477 32.0512820512821

Number Of Homes And Apartments:
12,799

Valrico 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
61.61% 2.82% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,866 / per month

Homeownership Rate

Homeownership
Owners 82.47
Renters 17.53
Vacant 7.40

Housing Market Details

 

Age of Homes

AGE OF Valrico HOMES
2000 or Newer 34.5
1970 - 1999 60.4
1940 - 1969 4.6
1939 or Older 0.5

Types of Homes

TYPE OF Valrico HOMES
Single-Family 79.7
Townhomes 3.1
Small Apt. Buildings 0.9
Apt. Complexes 3.1
Mobile Homes 13.1
Other 0.1

Home Size

SIZE OF Valrico HOMES
No Bedroom 0.17
1 Bedroom 2.36
2 Bedrooms 15.38
3 Bedrooms 37.28
4 Bedrooms 38.07
5 or more bedrooms 6.74