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 38,705, 15,925 total housing units (homes and apartments), and a median house value of $480,325, Winter Springs real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Winter Springs, accounting for 67.12% of the city's housing units. Other types of housing that are prevalent in Winter Springs include large apartment complexes or high rise apartments ( 14.40%), row houses and other attached homes ( 10.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.42%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winter Springs. Owner-occupied housing accounts for 73.91% of Winter Springs's homes, and 69.85% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Winter Springs 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 Winter Springs built between 2000 and later ( 23.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.54%).
In the last 10 years, Winter Springs has experienced some of the highest home appreciation rates of any community in the nation. Winter Springs real estate appreciated 142.15% over the last ten years, which is an average annual home appreciation rate of 9.25%, putting Winter Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winter Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Winter Springs's appreciation rate, at 7.35%, has been at or slightly above the national average. In the latest quarter, Winter Springs's appreciation rate has been 2.14%, which annualizes to a rate of 8.84%.
Relative to Florida, our data show that Winter Springs's latest annual appreciation rate is higher than 60% 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 Winter Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winter Springs - 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 Winter Springs real estate investment or home purchase decisions.
$480,325
for Florida
for nation
15,925
$3,081 / per month