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 8,711, 3,414 total housing units (homes and apartments), and a median house value of $362,180, Fruitland Park real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Fruitland Park, accounting for 89.66% of the city's housing units. Other types of housing that are prevalent in Fruitland Park include large apartment complexes or high rise apartments ( 6.95%), mobile homes or trailers ( 1.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fruitland Park. Owner-occupied housing accounts for 80.71% of Fruitland Park's homes, and 81.46% have either three or four bedrooms, which is average sized relative to America.
Fruitland Park homes and real estate are some of the newest in America. 66.78% of Fruitland Park's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fruitland Park real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 25.64%), and between 1940-1969 ( 5.59%). There's also some housing in Fruitland Park built before 1939 ( 1.99%).
Vacant housing appears to be an issue in Fruitland Park. Fully 12.82% of the housing stock is classified as vacant. Left unchecked, vacant Fruitland Park homes and apartments can be a drag on the real estate market, holding Fruitland Park 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, Fruitland Park has experienced some of the highest home appreciation rates of any community in the nation. Fruitland Park real estate appreciated 164.13% over the last ten years, which is an average annual home appreciation rate of 10.20%, putting Fruitland Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fruitland Park 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, Fruitland Park's appreciation rate, at 6.39%, has been at or slightly above the national average. In the latest quarter, Fruitland Park's appreciation rate has been 2.14%, which annualizes to a rate of 8.84%.
Relative to Florida, our data show that Fruitland Park's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
$362,180
for Florida
for nation
3,414
$2,008 / per month