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 754 people, 396 houses or apartments, and a median cost of homes of $433,304, Shalimar real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Shalimar, accounting for 70.22% of the town's housing units. Other types of housing that are prevalent in Shalimar include row houses and other attached homes ( 18.44%), duplexes, homes converted to apartments or other small apartment buildings ( 6.89%), and a few large apartment complexes or high rise apartments ( 4.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shalimar. Owner-occupied housing accounts for 71.21% of Shalimar's homes, and 62.44% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Shalimar 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 Shalimar built between 1940-1969 ( 9.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.11%). There's also some housing in Shalimar built before 1939 ( 1.78%).
Vacant housing appears to be an issue in Shalimar. Fully 12.00% of the housing stock is classified as vacant. Left unchecked, vacant Shalimar homes and apartments can be a drag on the real estate market, holding Shalimar 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 Shalimar have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.81%, which ranks in the top 50% nationwide. This equates to an annual average Shalimar house appreciation rate of 6.90%.
Over the last year, Shalimar appreciation rates have trailed the rest of the nation. In the last twelve months, Shalimar's appreciation rate has been -5.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shalimar were at 3.82%, which equates to an annual appreciation rate of 16.18%.
Importantly, this makes Shalimar 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 Shalimar's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.
$433,304
for Florida
for nation
396
$2,503 / per month