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 45,538, 20,913 total housing units (homes and apartments), and a median house value of $380,420, Altamonte Springs real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Altamonte Springs, accounting for 51.88% of the city's housing units. Other types of housing that are prevalent in Altamonte Springs include single-family detached homes ( 23.26%), duplexes, homes converted to apartments or other small apartment buildings ( 14.75%), and a few row houses and other attached homes ( 10.06%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Altamonte Springs primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Altamonte Springs has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Altamonte 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 Altamonte Springs built between 2000 and later ( 12.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.59%).
In the last 10 years, Altamonte Springs has experienced some of the highest home appreciation rates of any community in the nation. Altamonte Springs real estate appreciated 148.09% over the last ten years, which is an average annual home appreciation rate of 9.51%, putting Altamonte Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Altamonte Springs 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, Altamonte Springs's appreciation rate, at 5.84%, has been at or slightly above the national average. In the latest quarter, Altamonte Springs's appreciation rate has been 2.14%, which annualizes to a rate of 8.84%.
Relative to Florida, our data show that Altamonte Springs's latest annual appreciation rate is higher 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 Altamonte Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Altamonte Springs - 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 Altamonte Springs real estate investment or home purchase decisions.
$380,420
for Florida
for nation
20,913
$2,741 / per month