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 10,856, 4,551 total housing units (homes and apartments), and a median house value of $389,824, Alachua real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Alachua, accounting for 81.05% of the city's housing units. Other types of housing that are prevalent in Alachua include large apartment complexes or high rise apartments ( 7.47%), row houses and other attached homes ( 4.24%), and a few mobile homes or trailers ( 3.93%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Alachua. Owner-occupied housing accounts for 74.60% of Alachua's homes, and 75.10% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Alachua 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 Alachua built between 2000 and later ( 43.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.60%). There's also some housing in Alachua built before 1939 ( 1.72%).
In the last 10 years, Alachua has experienced some of the highest home appreciation rates of any community in the nation. Alachua real estate appreciated 117.32% over the last ten years, which is an average annual home appreciation rate of 8.07%, putting Alachua in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alachua 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, Alachua appreciation rates have trailed the rest of the nation. In the last twelve months, Alachua's appreciation rate has been 1.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alachua were at 1.65%, which equates to an annual appreciation rate of 6.78%.
Importantly, this makes Alachua one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Alachua's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
$389,824
for Florida
for nation
4,551
$1,637 / per month