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 1,749 people, 490 houses or apartments, and a median cost of homes of $170,889, house prices in Zolfo Springs are solidly below the national average.
Single-family detached homes are the single most common housing type in Zolfo Springs, accounting for 64.27% of the town's housing units. Other types of housing that are prevalent in Zolfo Springs include mobile homes or trailers ( 23.82%), duplexes, homes converted to apartments or other small apartment buildings ( 10.51%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Zolfo Springs. Owner-occupied housing accounts for 69.80% of Zolfo Springs's homes, and 58.84% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Zolfo Springs 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 Zolfo Springs built between 1940-1969 ( 25.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.21%). There's also some housing in Zolfo Springs built before 1939 ( 2.63%).
Vacant housing appears to be an issue in Zolfo Springs. Fully 14.19% of the housing stock is classified as vacant. Left unchecked, vacant Zolfo Springs homes and apartments can be a drag on the real estate market, holding Zolfo Springs 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, Zolfo Springs has experienced some of the highest home appreciation rates of any community in the nation. Zolfo Springs real estate appreciated 137.72% over the last ten years, which is an average annual home appreciation rate of 9.05%, putting Zolfo Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Zolfo Springs 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, Zolfo Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Zolfo Springs'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 Zolfo Springs were at -2.36%, which equates to an annual appreciation rate of -9.13%.
Notably, Zolfo Springs's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Zolfo Springs's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.
$170,889
for Florida
for nation
490
$1,665 / per month