Coconut Creek, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Coconut Creek, FL Housing Market Trends

With 61,248 people, 23,277 houses or apartments, and a median cost of homes of $244,931, Coconut Creek real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Coconut Creek, accounting for 54.25% of the city's housing units. Other types of housing that are prevalent in Coconut Creek include single-family detached homes ( 26.74%), duplexes, homes converted to apartments or other small apartment buildings ( 6.85%), and a few row houses and other attached homes ( 6.75%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Coconut Creek primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Coconut Creek has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Coconut Creek 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 Coconut Creek built between 2000 and later ( 17.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.73%).

Vacant housing appears to be an issue in Coconut Creek. Fully 13.76% of the housing stock is classified as vacant. Left unchecked, vacant Coconut Creek homes and apartments can be a drag on the real estate market, holding Coconut Creek 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.

Coconut Creek Home Appreciation Rates

In the last 10 years, Coconut Creek has experienced some of the highest home appreciation rates of any community in the nation. Coconut Creek real estate appreciated 93.36% over the last ten years, which is an average annual home appreciation rate of 6.82%, putting Coconut Creek in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coconut Creek 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, Coconut Creek's appreciation rate, at 5.72%, has been at or slightly above the national average. In the latest quarter, Coconut Creek's appreciation rate has been 1.48%, which annualizes to a rate of 6.05%.

Notably, Coconut Creek's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Coconut Creek's latest annual appreciation rate is lower than 80% 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 Coconut Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coconut Creek - 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 Coconut Creek real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$244,931

Coconut Creek, FL HOME PRICES

> $1,216,000
0.1%
0.1%
$912,001 - $1,216,000
0.7%
0.7%
$608,001 - $912,000
0.8%
0.8%
$487,001 - $608,000
12.1%
12.1%
$365,001 - $487,000
26.0%
26.0%
$243,001 - $365,000
18.6%
18.6%
$122,001 - $243,000
24.2%
24.2%
$61,001 - $122,000
12.3%
12.3%
$0 - $61,000
5.2%
5.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
23,277

Coconut Creek Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
163.56% 4.72%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,216 / per month

Homeownership Rate

Owners
64.8%
64.8%
Renters
35.2%
35.2%
Vacant
13.8%
13.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.5%
17.5%
1970 - 1999
78.6%
78.6%
1940 - 1969
3.7%
3.7%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
26.7%
26.7%
Townhomes
6.8%
6.8%
Small Apt. Buildings
6.9%
6.9%
Apt. Complexes
54.2%
54.2%
Mobile Homes
5.4%
5.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
8.6%
8.6%
2 Bedrooms
49.2%
49.2%
3 Bedrooms
28.5%
28.5%
4 Bedrooms
10.3%
10.3%
5 or more bedrooms
0.8%
0.8%
0.0% 100.0%
% OF HOMES