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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Keystone Heights, FL Real Estate Market

Source & Methodology

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

Keystone Heights, FL Housing Market Trends

With 1,497 people, 532 houses or apartments, and a median cost of homes of $363,801, Keystone Heights real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Keystone Heights, accounting for 94.75% of the city's housing units. Other types of housing that are prevalent in Keystone Heights include mobile homes or trailers ( 4.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Keystone Heights. Owner-occupied housing accounts for 78.38% of Keystone Heights's homes, and 76.31% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Keystone Heights's housing was primarily built during this period, from the '40s through the '60s. A full 47.69% of the city's housing hails from this era. Other housing ages represented in Keystone Heights include homes built between 1970-1999 ( 38.31%) and housing constructed between 2000 and later ( 10.81%). There's also some housing in Keystone Heights built before 1939 ( 3.18%).

Vacant housing appears to be an issue in Keystone Heights. Fully 15.42% of the housing stock is classified as vacant. Left unchecked, vacant Keystone Heights homes and apartments can be a drag on the real estate market, holding Keystone Heights 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.

Keystone Heights Home Appreciation Rates

In the last 10 years, Keystone Heights has experienced some of the highest home appreciation rates of any community in the nation. Keystone Heights real estate appreciated 138.92% over the last ten years, which is an average annual home appreciation rate of 9.10%, putting Keystone Heights in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Keystone Heights 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 Keystone Heights that despite a nationwide downturn in the housing market, Keystone Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Keystone Heights appreciation rates continue to be some of the highest in America, at 8.30%, which is higher than appreciation rates in 73.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Keystone Heights. Keystone Heights appreciation rates in the latest quarter were at 2.13%, which equates to an annual appreciation rate of 8.81%.

Relative to Florida, our data show that Keystone Heights's latest annual appreciation rate is higher than 70% 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 Keystone Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Keystone Heights - 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 Keystone Heights real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$363,801

Keystone Heights, FL Home Prices
> $1,575,000
$1,181,001 - $1,575,000
$787,001 - $1,181,000
$630,001 - $787,000
$472,001 - $630,000
$315,001 - $472,000
$158,001 - $315,000
$79,001 - $158,000
$0 - $79,000
0.1%
0.1%
0.0%
0.0%
0.9%
0.9%
9.3%
9.3%
18.7%
18.7%
28.2%
28.2%
24.2%
24.2%
10.4%
10.4%
8.2%
8.2%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

532

Keystone Heights Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,879 / per month

Homeownership Rate

Owners
Renters
78.4%
78.4%
21.6%
21.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.4%
15.4%
84.6%
84.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.8%
10.8%
38.3%
38.3%
47.7%
47.7%
3.2%
3.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
94.8%
94.8%
0.5%
0.5%
0.6%
0.6%
0.0%
0.0%
4.1%
4.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
3.3%
3.3%
17.2%
17.2%
53.1%
53.1%
23.2%
23.2%
2.7%
2.7%
0% 100.0%
% of Homes