Winter Haven, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Winter Haven Neighborhoods Since 2000




Winter Haven, FL Real Estate Data


Winter Haven Housing Market Information

With a population of 37,689, 13,907 total housing units (homes and apartments), and a median house value of $146,904, 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 54.58% of the city's housing units. Other types of housing that are prevalent in Winter Haven include large apartment complexes or high rise apartments ( 21.41%), duplexes, homes converted to apartments or other small apartment buildings ( 10.95%), and a few mobile homes or trailers ( 8.01%).

People in Winter Haven primarily live in small (one, two or no bedroom) single-family detached homes. Winter Haven has a mixture of owner-occupied and renter-occupied housing.

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 ( 25.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.70%). There's also some housing in Winter Haven built before 1939 ( 5.21%).

Vacant housing appears to be an issue in Winter Haven. Fully 20.58% 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.

Winter Haven Home Appreciation Rates

Homes have actually lost value in Winter Haven over the last then years, as home values have seen a decline of 25.23% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Winter Haven home appreciation rates at 3.83%, which equates to an annual appreciation rate of 16.22%.

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 11.01%, which is higher than appreciation rates in 98.79% 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 3.83%, which equates to an annual appreciation rate of 16.22%.

Importantly, this makes Winter Haven 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 Winter Haven's latest annual appreciation rate is higher 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 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.

Average Home Values

 

Median Home Value:
$146,904

Winter Haven, FL HOME PRICES

Value Range
> $1,320,000 0.7
$990,001 - $1,320,000 0.1
$660,001 - $990,000 0.5
$528,001 - $660,000 1.3
$396,001 - $528,000 2.8
$264,001 - $396,000 10.7
$132,001 - $264,000 33.0
$66,001 - $132,000 35.4
$0 - $66,000 15.6

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
52.3452597060374 71.1538461538462

Number Of Homes And Apartments:
13,907

Rent & Ownership

 

Average Market Rent:
$1,145 / per month

Homeownership Rate

Homeownership
Owners 57.67
Renters 42.33
Vacant 20.58

Housing Market Details

 

Age of Homes

AGE OF Winter Haven HOMES
2000 or Newer 25.4
1970 - 1999 48.7
1940 - 1969 20.7
1939 or Older 5.2

Types of Homes

TYPE OF Winter Haven HOMES
Single-Family 54.6
Townhomes 4.8
Small Apt. Buildings 10.9
Apt. Complexes 21.4
Mobile Homes 8.0
Other 0.2

Home Size

SIZE OF Winter Haven HOMES
No Bedroom 1.74
1 Bedroom 14.32
2 Bedrooms 38.60
3 Bedrooms 32.60
4 Bedrooms 11.02
5 or more bedrooms 1.72

Winter Haven Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
49.61% 2.40% 3 6
* 10 is highest