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 12,963, 5,992 total housing units (homes and apartments), and a median house value of $426,269, Rotonda West real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Rotonda West, accounting for 70.04% of the town's housing units. Other types of housing that are prevalent in Rotonda West include large apartment complexes or high rise apartments ( 19.10%), duplexes, homes converted to apartments or other small apartment buildings ( 7.21%), and a few mobile homes or trailers ( 2.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rotonda West. Owner-occupied housing accounts for 78.64% of Rotonda West's homes, and 66.85% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rotonda West 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 Rotonda West built between 2000 and later ( 45.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.55%).
Vacant housing appears to be an issue in Rotonda West. Fully 28.26% of the housing stock is classified as vacant. Left unchecked, vacant Rotonda West homes and apartments can be a drag on the real estate market, holding Rotonda West 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, Rotonda West has experienced some of the highest home appreciation rates of any community in the nation. Rotonda West real estate appreciated 152.95% over the last ten years, which is an average annual home appreciation rate of 9.72%, putting Rotonda West in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rotonda West 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, Rotonda West appreciation rates have trailed the rest of the nation. In the last twelve months, Rotonda West's appreciation rate has been -1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rotonda West were at -2.19%, which equates to an annual appreciation rate of -8.47%.
Notably, Rotonda West's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Rotonda West's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.
$426,269
for Florida
for nation
5,992
$1,778 / per month