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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cortez, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

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

Cortez, FL Housing Market Trends

With 4,121 people, 2,488 houses or apartments, and a median cost of homes of $512,357, Cortez real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cortez, accounting for 38.11% of the town's housing units. Other types of housing that are prevalent in Cortez include mobile homes or trailers ( 26.00%), row houses and other attached homes ( 13.28%), and a few large apartment complexes or high rise apartments ( 12.65%).

Dwellings in Cortez tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 58.42% of the homes in Cortez have two or fewer bedrooms.

There is a lot of housing in Cortez 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 Cortez built between 1940-1969 ( 35.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.91%). There's also some housing in Cortez built before 1939 ( 1.75%).

Vacant housing appears to be an issue in Cortez. Fully 37.08% of the housing stock is classified as vacant. Left unchecked, vacant Cortez homes and apartments can be a drag on the real estate market, holding Cortez 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.

Cortez Home Appreciation Rates

In the last 10 years, Cortez has experienced some of the highest home appreciation rates of any community in the nation. Cortez real estate appreciated 152.00% over the last ten years, which is an average annual home appreciation rate of 9.68%, putting Cortez in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cortez definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Cortez appreciation rates have trailed the rest of the nation. In the last twelve months, Cortez's appreciation rate has been -2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cortez were at -2.47%, which equates to an annual appreciation rate of -9.51%.

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

Relative to Florida, our data show that Cortez's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$512,357

Cortez, FL Home Prices
> $1,470,000
$1,103,001 - $1,470,000
$735,001 - $1,103,000
$589,001 - $735,000
$441,001 - $589,000
$294,001 - $441,000
$147,001 - $294,000
$74,001 - $147,000
$0 - $74,000
2.6%
2.6%
10.8%
10.8%
22.2%
22.2%
11.5%
11.5%
16.2%
16.2%
23.1%
23.1%
8.6%
8.6%
3.1%
3.1%
1.8%
1.8%
0% 100.0%
% of Homes
High

for Florida

Very High

for nation

Number of Homes And Apartments:

2,488

Cortez Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,655 / per month

Homeownership Rate

Owners
Renters
84.7%
84.7%
15.3%
15.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
37.1%
37.1%
62.9%
62.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.9%
9.9%
53.1%
53.1%
35.3%
35.3%
1.7%
1.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.1%
38.1%
13.3%
13.3%
10.0%
10.0%
12.6%
12.6%
26.0%
26.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.2%
0.2%
9.6%
9.6%
48.7%
48.7%
35.5%
35.5%
4.6%
4.6%
1.4%
1.4%
0% 100.0%
% of Homes