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 about Scout's Real Estate Data
With 52,710 people, 18,092 houses or apartments, and a median cost of homes of $266,498, Winter Haven real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Winter Haven, accounting for 62.05% of the city's housing units. Other types of housing that are prevalent in Winter Haven include large apartment complexes or high rise apartments ( 16.86%), duplexes, homes converted to apartments or other small apartment buildings ( 11.00%), and a few mobile homes or trailers ( 6.57%).
The most prevalent building size and type in Winter Haven are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.44% owning and 41.56% renting.
There is a lot of housing in Winter Haven 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 Winter Haven built between 2000 and later ( 35.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.35%). There's also some housing in Winter Haven built before 1939 ( 5.20%).
Vacant housing appears to be an issue in Winter Haven. Fully 15.66% of the housing stock is classified as vacant. Left unchecked, vacant Winter Haven homes and apartments can be a drag on the real estate market, holding Winter Haven 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.
In the last 10 years, Winter Haven has experienced some of the highest home appreciation rates of any community in the nation. Winter Haven real estate appreciated 182.24% over the last ten years, which is an average annual home appreciation rate of 10.93%, putting Winter Haven in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winter Haven 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 Winter Haven that despite a nationwide downturn in the housing market, Winter Haven real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winter Haven appreciation rates continue to be some of the highest in America, at 6.71%, which is higher than appreciation rates in 74.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Winter Haven. Winter Haven appreciation rates in the latest quarter were at 3.26%, which equates to an annual appreciation rate of 13.69%.
Relative to Florida, our data show that Winter Haven's latest annual appreciation rate is higher 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 city. Individual neighborhoods within Winter Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winter Haven - 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 Winter Haven real estate investment or home purchase decisions.
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