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 3,059, 1,151 total housing units (homes and apartments), and a median house value of $211,989, house prices in Frostproof are solidly below the national average.
Single-family detached homes are the single most common housing type in Frostproof, accounting for 63.12% of the city's housing units. Other types of housing that are prevalent in Frostproof include mobile homes or trailers ( 23.29%), duplexes, homes converted to apartments or other small apartment buildings ( 5.78%), and a few row houses and other attached homes ( 5.38%).
Dwellings in Frostproof tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 58.73% of the homes in Frostproof have two or fewer bedrooms.
There is a lot of housing in Frostproof 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 Frostproof built between 1940-1969 ( 25.43%). A lesser amount of the housing stock also hails from before 1939 ( 15.55%). There's also some housing in Frostproof built between 2000 and later ( 8.79%).
Vacant housing appears to be an issue in Frostproof. Fully 33.47% of the housing stock is classified as vacant. Left unchecked, vacant Frostproof homes and apartments can be a drag on the real estate market, holding Frostproof 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, Frostproof has experienced some of the highest home appreciation rates of any community in the nation. Frostproof real estate appreciated 175.35% over the last ten years, which is an average annual home appreciation rate of 10.66%, putting Frostproof in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Frostproof 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, Frostproof's appreciation rate, at 7.07%, has been at or slightly above the national average. In the latest quarter, Frostproof's appreciation rate has been -0.13%, which annualizes to a rate of -0.53%.
Notably, Frostproof's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Frostproof's latest annual appreciation rate is higher than 60% 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 Frostproof differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Frostproof - 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 Frostproof real estate investment or home purchase decisions.
$211,989
for Florida
for nation
1,151
$980 / per month