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Wesley Chapel, FL Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wesley Chapel, FL Housing Market Trends

With 64,866 people, 20,251 houses or apartments, and a median cost of homes of $422,185, Wesley Chapel real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wesley Chapel, accounting for 69.70% of the town's housing units. Other types of housing that are prevalent in Wesley Chapel include large apartment complexes or high rise apartments ( 11.27%), row houses and other attached homes ( 10.87%), and a few mobile homes or trailers ( 6.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wesley Chapel. Owner-occupied housing accounts for 75.32% of Wesley Chapel's homes, and 70.26% have either three or four bedrooms, which is average sized relative to America.

Wesley Chapel homes and real estate are some of the newest in America. 65.29% of Wesley Chapel's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Wesley Chapel real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.12%), and between 1940-1969 ( 2.41%).

Wesley Chapel Home Appreciation Rates

In the last 10 years, Wesley Chapel has experienced some of the highest home appreciation rates of any community in the nation. Wesley Chapel real estate appreciated 176.30% over the last ten years, which is an average annual home appreciation rate of 10.70%, putting Wesley Chapel in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wesley Chapel 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 Wesley Chapel that despite a nationwide downturn in the housing market, Wesley Chapel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wesley Chapel appreciation rates continue to be some of the highest in America, at 27.48%, which is higher than appreciation rates in 98.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wesley Chapel. Wesley Chapel appreciation rates in the latest quarter were at 6.44%, which equates to an annual appreciation rate of 28.34%.

Importantly, NeighborhoodScout’s exclusive research found that Wesley Chapel's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Florida, our data show that Wesley Chapel'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 town. Individual neighborhoods within Wesley Chapel differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wesley Chapel - 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 Wesley Chapel real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$422,185

Wesley Chapel, FL HOME PRICES

> $1,664,000
$1,247,001 - $1,664,000
$832,001 - $1,247,000
$666,001 - $832,000
$499,001 - $666,000
$332,001 - $499,000
$167,001 - $332,000
$83,001 - $167,000
$0 - $83,000
0.9%
0.9%
1.3%
1.3%
4.4%
4.4%
8.4%
8.4%
17.5%
17.5%
39.3%
39.3%
21.4%
21.4%
4.4%
4.4%
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
20,251

Wesley Chapel Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
196.70% 4.95%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,975 / per month

Homeownership Rate

Owners
Renters
Vacant
75.3%
75.3%
24.7%
24.7%
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
65.3%
65.3%
32.1%
32.1%
2.4%
2.4%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.7%
69.7%
10.9%
10.9%
1.7%
1.7%
11.3%
11.3%
6.5%
6.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
3.9%
3.9%
17.9%
17.9%
38.3%
38.3%
32.0%
32.0%
7.4%
7.4%
0.0% 100.0%
% OF HOMES