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 27,272 people, 13,840 houses or apartments, and a median cost of homes of $504,874, Venice real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Venice, accounting for 38.73% of the city's housing units. Other types of housing that are prevalent in Venice include large apartment complexes or high rise apartments ( 32.23%), mobile homes or trailers ( 12.88%), and a few row houses and other attached homes ( 9.03%).
Dwellings in Venice tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 65.79% of the homes in Venice have two or fewer bedrooms.
There is a lot of housing in Venice 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 Venice built between 2000 and later ( 29.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.04%). There's also some housing in Venice built before 1939 ( 2.40%).
Vacant housing appears to be an issue in Venice. Fully 29.24% of the housing stock is classified as vacant. Left unchecked, vacant Venice homes and apartments can be a drag on the real estate market, holding Venice 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, Venice has experienced some of the highest home appreciation rates of any community in the nation. Venice real estate appreciated 133.33% over the last ten years, which is an average annual home appreciation rate of 8.84%, putting Venice in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Venice 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, Venice appreciation rates have trailed the rest of the nation. In the last twelve months, Venice's appreciation rate has been 1.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Venice were at -1.60%, which equates to an annual appreciation rate of -6.26%.
Notably, Venice's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Venice'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 Venice differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Venice - 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 Venice real estate investment or home purchase decisions.
$504,874
for Florida
for nation
13,840
$2,868 / per month