Coconut Creek, FL Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Coconut Creek, FL Housing Market Trends
With a population of 57,348, 23,696 total housing units (homes and apartments), and a median house value of $474,410, Coconut Creek 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 Coconut Creek, accounting for 50.94% of the city's housing units. Other types of housing that are prevalent in Coconut Creek include single-family detached homes ( 27.38%), row houses and other attached homes ( 8.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.35%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Dwellings in Coconut Creek tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 57.91% of the homes in Coconut Creek have two or fewer bedrooms.
There is a lot of housing in Coconut Creek 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 Coconut Creek built between 2000 and later ( 20.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.59%).
Vacant housing appears to be an issue in Coconut Creek. Fully 12.07% of the housing stock is classified as vacant. Left unchecked, vacant Coconut Creek homes and apartments can be a drag on the real estate market, holding Coconut Creek 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.
Coconut Creek Home Appreciation Rates
In the last 10 years, Coconut Creek has experienced some of the highest home appreciation rates of any community in the nation. Coconut Creek real estate appreciated 165.71% over the last ten years, which is an average annual home appreciation rate of 10.27%, putting Coconut Creek in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coconut Creek definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Coconut Creek that despite a nationwide downturn in the housing market, Coconut Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coconut Creek appreciation rates continue to be some of the highest in America, at 12.78%, which is higher than appreciation rates in 95.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coconut Creek. Coconut Creek appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.
Importantly, this makes Coconut Creek one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Coconut Creek's latest annual appreciation rate is higher than 80% 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 Coconut Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coconut Creek - 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 Coconut Creek real estate investment or home purchase decisions.
Median Home Value
$474,410
High
for Florida
High
for nation
Number of Homes And Apartments:
23,696
FL
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$3,657 / per month