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 27,207, 10,894 total housing units (homes and apartments), and a median house value of $383,269, Temple Terrace real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Temple Terrace, accounting for 42.63% of the city's housing units. Other types of housing that are prevalent in Temple Terrace include large apartment complexes or high rise apartments ( 36.71%), duplexes, homes converted to apartments or other small apartment buildings ( 11.49%), and a few row houses and other attached homes ( 8.97%).
The most prevalent building size and type in Temple Terrace are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.38% owning and 51.62% renting.
There is a lot of housing in Temple Terrace 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 Temple Terrace built between 1940-1969 ( 17.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.09%).
In the last 10 years, Temple Terrace has experienced some of the highest home appreciation rates of any community in the nation. Temple Terrace real estate appreciated 159.77% over the last ten years, which is an average annual home appreciation rate of 10.02%, putting Temple Terrace in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Temple Terrace definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Temple Terrace's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Temple Terrace's appreciation rate has been 1.92%, which annualizes to a rate of 7.91%.
Relative to Florida, our data show that Temple Terrace's latest annual appreciation rate is lower than 50% 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 Temple Terrace differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temple Terrace - 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 Temple Terrace real estate investment or home purchase decisions.
$383,269
for Florida
for nation
10,894
$2,614 / per month