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 20,372 people, 8,515 houses or apartments, and a median cost of homes of $335,335, Tavares real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Tavares, accounting for 51.72% of the city's housing units. Other types of housing that are prevalent in Tavares include mobile homes or trailers ( 28.67%), large apartment complexes or high rise apartments ( 10.26%), and a few row houses and other attached homes ( 3.79%).
Dwellings in Tavares tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.77% of the homes in Tavares have two or fewer bedrooms.
Tavares homes and real estate are some of the newest in America. 42.62% of Tavares's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Tavares real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.70%), and between 1940-1969 ( 16.04%).
Vacant housing appears to be an issue in Tavares. Fully 15.68% of the housing stock is classified as vacant. Left unchecked, vacant Tavares homes and apartments can be a drag on the real estate market, holding Tavares 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, Tavares has experienced some of the highest home appreciation rates of any community in the nation. Tavares real estate appreciated 182.10% over the last ten years, which is an average annual home appreciation rate of 10.93%, putting Tavares in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tavares 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 Tavares that despite a nationwide downturn in the housing market, Tavares real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tavares appreciation rates continue to be some of the highest in America, at 9.17%, which is higher than appreciation rates in 81.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tavares. Tavares appreciation rates in the latest quarter were at 2.14%, which equates to an annual appreciation rate of 8.84%.
Relative to Florida, our data show that Tavares'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 Tavares differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tavares - 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 Tavares real estate investment or home purchase decisions.
$335,335
for Florida
for nation
8,515
$2,062 / per month