Winter Springs, 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 Q1 2021. 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

Winter Springs, FL Housing Market Trends

With a population of 37,312, 14,467 total housing units (homes and apartments), and a median house value of $367,998, Winter Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Winter Springs, accounting for 70.52% of the city's housing units. Other types of housing that are prevalent in Winter Springs include large apartment complexes or high rise apartments ( 11.39%), row houses and other attached homes ( 9.89%), and a few mobile homes or trailers ( 4.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winter Springs. Owner-occupied housing accounts for 77.33% of Winter Springs's homes, and 68.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Winter Springs 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 Winter Springs built between 2000 and later ( 19.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.49%).

Winter Springs Home Appreciation Rates

In the last 10 years, Winter Springs has experienced some of the highest home appreciation rates of any community in the nation. Winter Springs real estate appreciated 82.26% over the last ten years, which is an average annual home appreciation rate of 6.19%, putting Winter Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winter Springs 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, Winter Springs's appreciation rate, at 5.98%, has been at or slightly above the national average. In the latest quarter, Winter Springs's appreciation rate has been 1.50%, which annualizes to a rate of 6.12%.

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

Average Home Values

 

Median Home Value:
$367,998

Winter Springs, FL HOME PRICES

> $1,257,000
0.6%
0.6%
$943,001 - $1,257,000
0.8%
0.8%
$629,001 - $943,000
3.3%
3.3%
$503,001 - $629,000
9.7%
9.7%
$377,001 - $503,000
17.7%
17.7%
$251,001 - $377,000
29.3%
29.3%
$126,001 - $251,000
25.0%
25.0%
$63,001 - $126,000
8.1%
8.1%
$0 - $63,000
5.4%
5.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
14,467

Winter Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
122.47% 3.83%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,690 / per month

Homeownership Rate

Owners
77.3%
77.3%
Renters
22.7%
22.7%
Vacant
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
19.5%
19.5%
1970 - 1999
75.0%
75.0%
1940 - 1969
5.5%
5.5%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.5%
70.5%
Townhomes
9.9%
9.9%
Small Apt. Buildings
3.9%
3.9%
Apt. Complexes
11.4%
11.4%
Mobile Homes
4.2%
4.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
3.2%
3.2%
2 Bedrooms
22.1%
22.1%
3 Bedrooms
42.4%
42.4%
4 Bedrooms
26.3%
26.3%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES