Winter Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Winter Springs Neighborhoods Since 2000




Winter Springs, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Winter Springs Housing Market Information

With a population of 34,789, 11,891 total housing units (homes and apartments), and a median house value of $318,706, real estate costs in Winter Springs are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Winter Springs, accounting for 74.05% of the city's housing units. Other types of housing that are prevalent in Winter Springs include large apartment complexes or high rise apartments ( 10.27%), row houses and other attached homes ( 7.42%), and a few mobile homes or trailers ( 4.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winter Springs. Owner-occupied housing accounts for 77.52% of Winter Springs's homes, and 69.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Winter Springs 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 Springs built between 2000 and later ( 13.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.68%).

Vacant housing appears to be an issue in Winter Springs. Fully 12.60% of the housing stock is classified as vacant. Left unchecked, vacant Winter Springs homes and apartments can be a drag on the real estate market, holding Winter Springs 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 Springs Home Appreciation Rates

Winter Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winter Springs during the period has been just -1.80%, which is lower than 80% of US communities.

Appreciation rates are so strong in Winter Springs that despite a nationwide downturn in the housing market, Winter Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winter Springs appreciation rates continue to be some of the highest in America, at 8.58%, which is higher than appreciation rates in 89.26% 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 Springs. Winter Springs appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Winter Springs 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 Springs's latest annual appreciation rate is lower 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 Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winter Springs - 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 Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$318,706

Winter Springs, FL HOME PRICES

Value Range
> $1,338,000 0.3
$1,004,001 - $1,338,000 0.8
$669,001 - $1,004,000 3.6
$535,001 - $669,000 5.1
$401,001 - $535,000 11.8
$268,001 - $401,000 26.2
$134,001 - $268,000 30.1
$67,001 - $134,000 14.5
$0 - $67,000 7.5

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
14.6490097269425 25.2136752136752

Number Of Homes And Apartments:
11,891

Winter Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
74.93% 3.29% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,533 / per month

Homeownership Rate

Homeownership
Owners 77.52
Renters 22.48
Vacant 12.60

Housing Market Details

 

Age of Homes

AGE OF Winter Springs HOMES
2000 or Newer 13.9
1970 - 1999 81.4
1940 - 1969 4.7
1939 or Older 0.0

Types of Homes

TYPE OF Winter Springs HOMES
Single-Family 74.0
Townhomes 7.4
Small Apt. Buildings 3.5
Apt. Complexes 10.3
Mobile Homes 4.7
Other 0.1

Home Size

SIZE OF Winter Springs HOMES
No Bedroom 0.43
1 Bedroom 5.77
2 Bedrooms 20.11
3 Bedrooms 42.36
4 Bedrooms 27.61
5 or more bedrooms 3.72