The housing market in the North Port-Sarasota-Bradenton, FL Metro Area is thriving. The median value of homes in this area is $459,400, which is significantly higher than the US House Median Value of $338,100. Additionally, the 1 year house appreciation rate for this area is 19.41%, nearly double the US 1 year House Appreciation rate of 8.27%. All indications are that now is a great time to buy a home in this area as prices will be unlikely to stay this low for long.
The median home cost in North Port-Sarasota-Bradenton Metro Area is $459,400. Home appreciation the last 10 years has been 211.6%. Home Appreciation in North Port-Sarasota-Bradenton Metro Area is up 31.2%.
Average Age of Homes
- The median age of North Port-Sarasota-Bradenton Metro Area real estate is 32 years old
The Rental Market in North Port-Sarasota-Bradenton Metro Area
- Renters make up 21.1% of the North Port-Sarasota-Bradenton Metro Area population
- 2.8% of houses and apartments in North Port-Sarasota-Bradenton Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.