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 85,099, 30,129 total housing units (homes and apartments), and a median house value of $386,813, North Port real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Port, accounting for 78.82% of the city's housing units. Other types of housing that are prevalent in North Port include row houses and other attached homes ( 10.01%), large apartment complexes or high rise apartments ( 5.40%), and a few mobile homes or trailers ( 3.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Port. Owner-occupied housing accounts for 79.37% of North Port's homes, and 71.35% have either three or four bedrooms, which is average sized relative to America.
North Port homes and real estate are some of the newest in America. 64.81% of North Port's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Port real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.44%), and between 1940-1969 ( 5.45%).
Vacant housing appears to be an issue in North Port. Fully 13.47% of the housing stock is classified as vacant. Left unchecked, vacant North Port homes and apartments can be a drag on the real estate market, holding North Port 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, North Port has experienced some of the highest home appreciation rates of any community in the nation. North Port real estate appreciated 173.60% over the last ten years, which is an average annual home appreciation rate of 10.59%, putting North Port in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Port 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, North Port appreciation rates have trailed the rest of the nation. In the last twelve months, North Port's appreciation rate has been 2.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Port were at -1.60%, which equates to an annual appreciation rate of -6.26%.
Notably, North Port's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that North Port's latest annual appreciation rate is lower than 70% 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 North Port differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Port - 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 North Port real estate investment or home purchase decisions.
$386,813
for Florida
for nation
30,129
$2,855 / per month