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 4,099 people, 1,554 houses or apartments, and a median cost of homes of $448,811, Mulberry real estate prices are well above average cost compared to national prices.
Mobile homes or trailers are the single most common housing type in Mulberry, accounting for 48.33% of the city's housing units. Other types of housing that are prevalent in Mulberry include single-family detached homes ( 38.12%), duplexes, homes converted to apartments or other small apartment buildings ( 7.61%), and a few row houses and other attached homes ( 4.54%).
Dwellings in Mulberry tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.35% of the homes in Mulberry have two or fewer bedrooms.
There is a lot of housing in Mulberry 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 Mulberry built between 2000 and later ( 29.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.71%). There's also some housing in Mulberry built before 1939 ( 1.94%).
Vacant housing appears to be an issue in Mulberry. Fully 16.09% of the housing stock is classified as vacant. Left unchecked, vacant Mulberry homes and apartments can be a drag on the real estate market, holding Mulberry 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, Mulberry has experienced some of the highest home appreciation rates of any community in the nation. Mulberry real estate appreciated 185.03% over the last ten years, which is an average annual home appreciation rate of 11.04%, putting Mulberry in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mulberry 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 Mulberry that despite a nationwide downturn in the housing market, Mulberry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mulberry appreciation rates continue to be some of the highest in America, at 8.05%, which is higher than appreciation rates in 70.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mulberry. Mulberry appreciation rates in the latest quarter were at -0.13%, which equates to an annual appreciation rate of -0.53%.
Notably, Mulberry's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Mulberry's latest annual appreciation rate is higher 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 Mulberry differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mulberry - 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 Mulberry real estate investment or home purchase decisions.
$448,811
for Florida
for nation
1,554
$2,644 / per month