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 32,118 people, 9,275 houses or apartments, and a median cost of homes of $646,853, real estate costs in Lithia 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.
Lithia is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lithia than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lithia. Owner-occupied housing accounts for 80.18% of Lithia's homes, and 75.52% have either three or four bedrooms, which is average sized relative to America.
Lithia homes and real estate are some of the newest in America. 75.89% of Lithia's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lithia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.17%), and between 1940-1969 ( 4.46%).
In the last 10 years, Lithia has experienced some of the highest home appreciation rates of any community in the nation. Lithia real estate appreciated 123.92% over the last ten years, which is an average annual home appreciation rate of 8.40%, putting Lithia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lithia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Lithia appreciation rates have trailed the rest of the nation. In the last twelve months, Lithia's appreciation rate has been 3.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lithia were at 0.30%, which equates to an annual appreciation rate of 1.19%.
Notably, Lithia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Lithia's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.
$646,853
for Florida
for nation
9,275
$4,486 / per month