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 508 people, 217 houses or apartments, and a median cost of homes of $134,705, house prices in Ponce de Leon are some of the most affordable in Florida as well as the nation.
Single-family detached homes are the single most common housing type in Ponce de Leon, accounting for 58.82% of the town's housing units. Other types of housing that are prevalent in Ponce de Leon include mobile homes or trailers ( 41.18%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ponce de Leon. Owner-occupied housing accounts for 78.80% of Ponce de Leon's homes, and 67.65% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ponce de Leon 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 Ponce de Leon built between 2000 and later ( 11.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.46%).
Vacant housing appears to be an issue in Ponce de Leon. Fully 20.22% of the housing stock is classified as vacant. Left unchecked, vacant Ponce de Leon homes and apartments can be a drag on the real estate market, holding Ponce de Leon 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, Ponce de Leon has experienced some of the highest home appreciation rates of any community in the nation. Ponce de Leon real estate appreciated 130.78% over the last ten years, which is an average annual home appreciation rate of 8.72%, putting Ponce de Leon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ponce de Leon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Ponce de Leon appreciation rates have trailed the rest of the nation. In the last twelve months, Ponce de Leon's appreciation rate has been 0.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ponce de Leon were at -2.36%, which equates to an annual appreciation rate of -9.12%.
Notably, Ponce de Leon's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Ponce de Leon's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
$134,705
for Florida
for nation
217
$1,272 / per month