Winter Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winter Springs, FL Real Estate Data


Winter Springs Housing Market Information

With a population of 34,789, 11,214 total housing units (homes and apartments), and a median house value of $282,469, Winter Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Winter Springs, accounting for 73.80% of the city's housing units. Other types of housing that are prevalent in Winter Springs include large apartment complexes or high rise apartments ( 11.17%), row houses and other attached homes ( 7.21%), and a few mobile homes or trailers ( 5.07%).

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 77.80% of Winter Springs's homes, and 68.61% 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 ( 13.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.18%).

Vacant housing appears to be an issue in Winter Springs. Fully 13.90% 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 -1.89%, 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 8.59%, which is higher than appreciation rates in 94.23% 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 2.25%, which equates to an annual appreciation rate of 9.33%.

Relative to Florida, our data show that Winter Springs's latest annual appreciation rate is lower 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 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:
$282,469

Winter Springs, FL HOME PRICES

Value Range
> $1,401,000 0.3
$1,051,001 - $1,401,000 0.9
$700,001 - $1,051,000 3.9
$560,001 - $700,000 5.2
$420,001 - $560,000 12.5
$280,001 - $420,000 25.3
$140,001 - $280,000 29.5
$70,001 - $140,000 15.1
$0 - $70,000 7.4

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
18.6566727176905 30.7692307692308

Number Of Homes And Apartments:
11,214

Rent & Ownership

 

Average Market Rent:
$1,592 / per month

Homeownership Rate

Homeownership
Owners 77.80
Renters 22.20
Vacant 13.90

Housing Market Details

 

Age of Homes

AGE OF Winter Springs HOMES
2000 or Newer 13.7
1970 - 1999 82.0
1940 - 1969 4.2
1939 or Older 0.2

Types of Homes

TYPE OF Winter Springs HOMES
Single-Family 73.8
Townhomes 7.2
Small Apt. Buildings 2.7
Apt. Complexes 11.2
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Winter Springs HOMES
No Bedroom 0.63
1 Bedroom 5.43
2 Bedrooms 20.33
3 Bedrooms 41.66
4 Bedrooms 26.96
5 or more bedrooms 5.00

Winter Springs 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
72.05% 3.24% 6 9
* 10 is highest