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 3,718, 1,563 total housing units (homes and apartments), and a median house value of $226,173, house prices in Chipley are solidly below the national average.
Single-family detached homes are the single most common housing type in Chipley, accounting for 77.89% of the city's housing units. Other types of housing that are prevalent in Chipley include duplexes, homes converted to apartments or other small apartment buildings ( 11.52%), row houses and other attached homes ( 4.88%), and a few mobile homes or trailers ( 4.00%).
The most prevalent building size and type in Chipley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.32% owning and 37.68% renting.
There is a lot of housing in Chipley 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 Chipley built between 1940-1969 ( 40.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.94%). There's also some housing in Chipley built before 1939 ( 8.67%).
Vacant housing appears to be an issue in Chipley. Fully 14.26% of the housing stock is classified as vacant. Left unchecked, vacant Chipley homes and apartments can be a drag on the real estate market, holding Chipley 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 Chipley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.28%, which ranks in the top 30% nationwide. This equates to an annual average Chipley house appreciation rate of 7.97%.
Over the last year, Chipley appreciation rates have trailed the rest of the nation. In the last twelve months, Chipley's appreciation rate has been -0.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chipley were at -1.54%, which equates to an annual appreciation rate of -6.04%.
Notably, Chipley's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Chipley's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
$226,173
for Florida
for nation
1,563
$1,322 / per month