Zolfo Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Zolfo 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

Zolfo Springs Housing Market Information

With 1,803 people, 466 houses or apartments, and a median cost of homes of $102,410, house prices in Zolfo Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Zolfo Springs, accounting for 61.38% of the town's housing units. Other types of housing that are prevalent in Zolfo Springs include mobile homes or trailers ( 29.51%), duplexes, homes converted to apartments or other small apartment buildings ( 5.83%), and a few row houses and other attached homes ( 2.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Zolfo Springs. Owner-occupied housing accounts for 66.31% of Zolfo Springs's homes, and 63.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Zolfo 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 Zolfo Springs built between 1940-1969 ( 26.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.57%). There's also some housing in Zolfo Springs built before 1939 ( 4.55%).

Vacant housing appears to be an issue in Zolfo Springs. Fully 15.12% of the housing stock is classified as vacant. Left unchecked, vacant Zolfo Springs homes and apartments can be a drag on the real estate market, holding Zolfo 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.

Zolfo Springs Home Appreciation Rates

Homes have actually lost value in Zolfo Springs over the last then years, as home values have seen a decline of 22.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Zolfo Springs home appreciation rates at 1.20%, which equates to an annual appreciation rate of 4.89%.

Over the last year, Zolfo Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Zolfo Springs's appreciation rate has been -0.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Zolfo Springs were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Florida, our data show that Zolfo Springs's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$102,410

Zolfo Springs, FL HOME PRICES

Value Range
> $1,119,000 0.3
$839,001 - $1,119,000 0.0
$560,001 - $839,000 0.5
$448,001 - $560,000 1.9
$336,001 - $448,000 5.4
$224,001 - $336,000 10.3
$112,001 - $224,000 28.0
$56,001 - $112,000 30.3
$0 - $56,000 23.4

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
76.0430094925583 87.1794871794872

Number Of Homes And Apartments:
466

Zolfo 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
63.31% 2.88% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$965 / per month

Homeownership Rate

Homeownership
Owners 66.31
Renters 33.69
Vacant 15.12

Housing Market Details

 

Age of Homes

AGE OF Zolfo Springs HOMES
2000 or Newer 14.6
1970 - 1999 53.9
1940 - 1969 27.0
1939 or Older 4.6

Types of Homes

TYPE OF Zolfo Springs HOMES
Single-Family 61.4
Townhomes 2.9
Small Apt. Buildings 5.8
Apt. Complexes 0.0
Mobile Homes 29.5
Other 0.4

Home Size

SIZE OF Zolfo Springs HOMES
No Bedroom 0.36
1 Bedroom 6.38
2 Bedrooms 29.51
3 Bedrooms 51.00
4 Bedrooms 12.39
5 or more bedrooms 0.36

Popular Neighborhoods in Zolfo Springs

Zip Codes in Zolfo Springs, FL