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 a population of 12,644, 3,543 total housing units (homes and apartments), and a median house value of $385,195, Florida City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Florida City, accounting for 44.38% of the city's housing units. Other types of housing that are prevalent in Florida City include large apartment complexes or high rise apartments ( 35.72%), row houses and other attached homes ( 9.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.06%).
Renters dominate Florida City's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Florida City 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 Florida City built between 2000 and later ( 37.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.98%). There's also some housing in Florida City built before 1939 ( 2.79%).
In the last 10 years, Florida City has experienced some of the highest home appreciation rates of any community in the nation. Florida City real estate appreciated 202.85% over the last ten years, which is an average annual home appreciation rate of 11.72%, putting Florida City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Florida City 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 Florida City that despite a nationwide downturn in the housing market, Florida City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Florida City appreciation rates continue to be some of the highest in America, at 13.99%, which is higher than appreciation rates in 96.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Florida City. Florida City appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.
Importantly, this makes Florida City 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 Florida City's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
$385,195
for Florida
for nation
3,543
$2,379 / per month