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 29,943 people, 11,793 houses or apartments, and a median cost of homes of $478,499, Winter Park house prices are not only among the most expensive in Florida, Winter Park real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Winter Park, accounting for 65.06% of the city's housing units. Other types of housing that are prevalent in Winter Park include large apartment complexes or high rise apartments ( 25.67%), row houses and other attached homes ( 4.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.30%).
The most prevalent building size and type in Winter Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.03% owning and 38.97% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Winter Park's housing was primarily built during this period, from the '40s through the '60s. A full 50.64% of the city's housing hails from this era. Other housing ages represented in Winter Park include homes built between 1970-1999 ( 33.15%) and housing constructed between 2000 and later ( 9.53%). There's also some housing in Winter Park built before 1939 ( 6.68%).
Vacant housing appears to be an issue in Winter Park. Fully 13.03% of the housing stock is classified as vacant. Left unchecked, vacant Winter Park homes and apartments can be a drag on the real estate market, holding Winter Park 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 Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winter Park during the period has been just -0.89%, which is lower than 70% of US communities.
Appreciation rates are so strong in Winter Park that despite a nationwide downturn in the housing market, Winter Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winter Park appreciation rates continue to be some of the highest in America, at 9.03%, which is higher than appreciation rates in 90.87% 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 Park. Winter Park appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.
Importantly, this makes Winter Park 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 Park's latest annual appreciation rate is higher than 50% 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 Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winter Park - 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 Park real estate investment or home purchase decisions.
|$988,001 - $1,318,000||6.6|
|$659,001 - $988,000||9.4|
|$527,001 - $659,000||8.1|
|$395,001 - $527,000||15.1|
|$264,001 - $395,000||18.5|
|$132,001 - $264,000||18.1|
|$66,001 - $132,000||10.7|
|$0 - $66,000||3.5|
|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 Winter Park HOMES|
|2000 or Newer||9.5|
|1970 - 1999||33.1|
|1940 - 1969||50.6|
|1939 or Older||6.7|
|TYPE OF Winter Park HOMES|
|Small Apt. Buildings||4.3|
|SIZE OF Winter Park HOMES|
|5 or more bedrooms||5.94|