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 4,955, 1,170 total housing units (homes and apartments), and a median house value of $267,323, Fellsmere real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Fellsmere, accounting for 49.50% of the city's housing units. Other types of housing that are prevalent in Fellsmere include mobile homes or trailers ( 31.52%), large apartment complexes or high rise apartments ( 15.83%).
The most prevalent building size and type in Fellsmere are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.50% owning and 36.50% renting.
There is a lot of housing in Fellsmere 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 Fellsmere built between 2000 and later ( 27.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.54%). There's also some housing in Fellsmere built before 1939 ( 6.30%).
Vacant housing appears to be an issue in Fellsmere. Fully 16.19% of the housing stock is classified as vacant. Left unchecked, vacant Fellsmere homes and apartments can be a drag on the real estate market, holding Fellsmere 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, Fellsmere has experienced some of the highest home appreciation rates of any community in the nation. Fellsmere real estate appreciated 191.07% over the last ten years, which is an average annual home appreciation rate of 11.28%, putting Fellsmere in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fellsmere 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 Fellsmere that despite a nationwide downturn in the housing market, Fellsmere real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fellsmere appreciation rates continue to be some of the highest in America, at 15.26%, which is higher than appreciation rates in 97.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fellsmere. Fellsmere appreciation rates in the latest quarter were at 0.92%, which equates to an annual appreciation rate of 3.73%.
Relative to Florida, our data show that Fellsmere's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
$267,323
for Florida
for nation
1,170
$1,730 / per month