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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.



Pinecrest, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Pinecrest, FL Housing Market Trends

With a population of 17,973, 5,966 total housing units (homes and apartments), and a median house value of $1,683,052, Pinecrest house prices are not only among the most expensive in Florida, Pinecrest real estate also is some of the most expensive in all of America.

Pinecrest is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Pinecrest than is found in 98% of the communities in America.

The large homes that make up Pinecrest are primarily owner-occupied ( 82.43%).

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. Pinecrest's housing was primarily built during this period, from the '40s through the '60s. A full 53.61% of the village's housing hails from this era. Other housing ages represented in Pinecrest include homes built between 1970-1999 ( 32.44%) and housing constructed between 2000 and later ( 13.70%).

Pinecrest Home Appreciation Rates

In the last 10 years, Pinecrest has experienced some of the highest home appreciation rates of any community in the nation. Pinecrest real estate appreciated 119.30% over the last ten years, which is an average annual home appreciation rate of 8.17%, putting Pinecrest in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pinecrest definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Pinecrest that despite a nationwide downturn in the housing market, Pinecrest real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pinecrest appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 79.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pinecrest. Pinecrest appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Florida, our data show that Pinecrest's latest annual appreciation rate is higher than 70% 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 village. Individual neighborhoods within Pinecrest differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pinecrest - 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 Pinecrest real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,683,052

Pinecrest, FL Home Prices
> $1,441,000
$1,080,001 - $1,441,000
$720,001 - $1,080,000
$576,001 - $720,000
$432,001 - $576,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
60.7%
60.7%
18.3%
18.3%
11.4%
11.4%
2.3%
2.3%
0.8%
0.8%
2.8%
2.8%
1.2%
1.2%
1.0%
1.0%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for Florida

Very High

for nation

Number of Homes And Apartments:

5,966

Pinecrest Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,428 / per month

Homeownership Rate

Owners
Renters
82.4%
82.4%
17.6%
17.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.9%
6.9%
93.1%
93.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.7%
13.7%
32.4%
32.4%
53.6%
53.6%
0.2%
0.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.5%
79.5%
3.4%
3.4%
0.6%
0.6%
16.5%
16.5%
0.0%
0.0%
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
2.3%
2.3%
7.0%
7.0%
9.0%
9.0%
20.8%
20.8%
36.9%
36.9%
23.9%
23.9%
0% 100.0%
% of Homes