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 about Scout's Real Estate Data
With 2,382 people, 811 houses or apartments, and a median cost of homes of $252,226, house prices in Chiefland are solidly below the national average.
Single-family detached homes are the single most common housing type in Chiefland, accounting for 59.20% of the city's housing units. Other types of housing that are prevalent in Chiefland include duplexes, homes converted to apartments or other small apartment buildings ( 15.36%), large apartment complexes or high rise apartments ( 11.94%), and a few mobile homes or trailers ( 10.96%).
The most prevalent building size and type in Chiefland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.49% owning and 57.51% renting.
There is a lot of housing in Chiefland 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 Chiefland built between 1940-1969 ( 31.70%). A lesser amount of the housing stock also hails from before 1939 ( 7.83%). There's also some housing in Chiefland built between 2000 and later ( 7.24%).
Vacant housing appears to be an issue in Chiefland. Fully 20.65% of the housing stock is classified as vacant. Left unchecked, vacant Chiefland homes and apartments can be a drag on the real estate market, holding Chiefland 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.
In the last 10 years, Chiefland has experienced some of the highest home appreciation rates of any community in the nation. Chiefland real estate appreciated 135.54% over the last ten years, which is an average annual home appreciation rate of 8.94%, putting Chiefland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chiefland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Chiefland that despite a nationwide downturn in the housing market, Chiefland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chiefland appreciation rates continue to be some of the highest in America, at 10.36%, which is higher than appreciation rates in 88.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chiefland. Chiefland appreciation rates in the latest quarter were at 5.35%, which equates to an annual appreciation rate of 23.17%.
Importantly, this makes Chiefland 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 Chiefland's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
$252,226
for Florida
for nation
811
$1,354 / per month