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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 22,211 people, 11,524 houses or apartments, and a median cost of homes of $243,238, Venice real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Venice, accounting for 35.63% of the city's housing units. Other types of housing that are prevalent in Venice include single-family detached homes ( 33.66%), mobile homes or trailers ( 15.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.95%). 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 Venice tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 72.61% of the homes in Venice have two or fewer bedrooms.
There is a lot of housing in Venice 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 Venice built between 2000 and later ( 22.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.26%). There's also some housing in Venice built before 1939 ( 1.65%).
Vacant housing appears to be an issue in Venice. Fully 32.86% of the housing stock is classified as vacant. Left unchecked, vacant Venice homes and apartments can be a drag on the real estate market, holding Venice 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.
Real estate appreciation rates in Venice's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.
Appreciation rates are so strong in Venice that despite a nationwide downturn in the housing market, Venice real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Venice appreciation rates continue to be some of the highest in America, at 12.63%, which is higher than appreciation rates in 98.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Venice. Venice appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.95%.
Importantly, this makes Venice 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 Venice'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 Venice differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Venice - 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 Venice real estate investment or home purchase decisions.
|$1,053,001 - $1,404,000||2.6|
|$702,001 - $1,053,000||5.0|
|$562,001 - $702,000||7.4|
|$421,001 - $562,000||13.6|
|$281,001 - $421,000||17.8|
|$141,001 - $281,000||27.8|
|$70,001 - $141,000||13.2|
|$0 - $70,000||11.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Venice HOMES|
|2000 or Newer||22.2|
|1970 - 1999||54.9|
|1940 - 1969||21.3|
|1939 or Older||1.6|
|TYPE OF Venice HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Venice HOMES|
|5 or more bedrooms||0.43|