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 645, 250 total housing units (homes and apartments), and a median house value of $274,252, Micanopy 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 Micanopy, accounting for 71.30% of the town's housing units. Other types of housing that are prevalent in Micanopy include duplexes, homes converted to apartments or other small apartment buildings ( 14.80%), mobile homes or trailers ( 11.18%), and a few row houses and other attached homes ( 2.72%).
People in Micanopy primarily live in small (one, two or no bedroom) single-family detached homes. Micanopy has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Micanopy 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 Micanopy built between 1940-1969 ( 30.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.13%). There's also some housing in Micanopy built before 1939 ( 18.13%).
Vacant housing appears to be an issue in Micanopy. Fully 24.47% of the housing stock is classified as vacant. Left unchecked, vacant Micanopy homes and apartments can be a drag on the real estate market, holding Micanopy 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.
Appreciation rates for homes in Micanopy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.47%, which ranks in the top 40% nationwide. This equates to an annual average Micanopy house appreciation rate of 7.26%.
Appreciation rates are so strong in Micanopy that despite a nationwide downturn in the housing market, Micanopy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Micanopy appreciation rates continue to be some of the highest in America, at 15.55%, which is higher than appreciation rates in 97.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Micanopy. Micanopy appreciation rates in the latest quarter were at 5.35%, which equates to an annual appreciation rate of 23.17%.
Importantly, this makes Micanopy one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Micanopy's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
$274,252
for Florida
for nation
250
$1,644 / per month