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 1,296, 438 total housing units (homes and apartments), and a median house value of $262,511, Molino real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Molino, accounting for 96.28% of the town's housing units. Other types of housing that are prevalent in Molino include mobile homes or trailers ( 3.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Molino. Owner-occupied housing accounts for 75.34% of Molino's homes, and 62.23% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Molino's housing was primarily built during this period, from the '40s through the '60s. A full 41.88% of the town's housing hails from this era. Other housing ages represented in Molino include homes built between 2000 and later ( 34.83%) and housing constructed between 1970-1999 ( 20.16%). There's also some housing in Molino built before 1939 ( 3.13%).
Vacant housing appears to be an issue in Molino. Fully 14.29% of the housing stock is classified as vacant. Left unchecked, vacant Molino homes and apartments can be a drag on the real estate market, holding Molino 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.
In the last 10 years, Molino has experienced some of the highest home appreciation rates of any community in the nation. Molino real estate appreciated 147.99% over the last ten years, which is an average annual home appreciation rate of 9.51%, putting Molino in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Molino 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, Molino appreciation rates have trailed the rest of the nation. In the last twelve months, Molino's appreciation rate has been 1.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Molino were at 4.17%, which equates to an annual appreciation rate of 17.73%.
Importantly, this makes Molino one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Molino's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
$262,511
for Florida
for nation
438
$1,007 / per month