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 20,044, 7,378 total housing units (homes and apartments), and a median house value of $328,307, Lynn Haven real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Lynn Haven, accounting for 68.08% of the city's housing units. Other types of housing that are prevalent in Lynn Haven include large apartment complexes or high rise apartments ( 19.13%), row houses and other attached homes ( 6.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lynn Haven. Owner-occupied housing accounts for 68.01% of Lynn Haven's homes, and 70.25% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lynn Haven 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 Lynn Haven built between 2000 and later ( 39.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.17%). There's also some housing in Lynn Haven built before 1939 ( 1.32%).
Vacant housing appears to be an issue in Lynn Haven. Fully 13.01% of the housing stock is classified as vacant. Left unchecked, vacant Lynn Haven homes and apartments can be a drag on the real estate market, holding Lynn Haven 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.
Real estate appreciation rates in Lynn Haven's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.
Over the last year, Lynn Haven appreciation rates have trailed the rest of the nation. In the last twelve months, Lynn Haven's appreciation rate has been -6.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lynn Haven were at 3.86%, which equates to an annual appreciation rate of 16.38%.
Importantly, this makes Lynn Haven 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 Lynn Haven's latest annual appreciation rate is lower than 90% 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 Lynn Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lynn Haven - 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 Lynn Haven real estate investment or home purchase decisions.
$328,307
for Florida
for nation
7,378
$2,325 / per month