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 2,382, 811 total housing units (homes and apartments), and a median house value of $241,823, house prices in Chiefland are solidly below the national average.
Single-family detached homes are the single most common housing type in Chiefland, accounting for 59.20% of the city's housing units. Other types of housing that are prevalent in Chiefland include duplexes, homes converted to apartments or other small apartment buildings ( 15.36%), large apartment complexes or high rise apartments ( 11.94%), and a few mobile homes or trailers ( 10.96%).
The most prevalent building size and type in Chiefland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.49% owning and 57.51% renting.
There is a lot of housing in Chiefland 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 Chiefland built between 1940-1969 ( 31.70%). A lesser amount of the housing stock also hails from before 1939 ( 7.83%). There's also some housing in Chiefland built between 2000 and later ( 7.24%).
Vacant housing appears to be an issue in Chiefland. Fully 20.65% of the housing stock is classified as vacant. Left unchecked, vacant Chiefland homes and apartments can be a drag on the real estate market, holding Chiefland 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, Chiefland has experienced some of the highest home appreciation rates of any community in the nation. Chiefland real estate appreciated 132.41% over the last ten years, which is an average annual home appreciation rate of 8.80%, putting Chiefland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chiefland 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, Chiefland's appreciation rate, at 8.11%, has been at or slightly above the national average. In the latest quarter, Chiefland's appreciation rate has been -2.76%, which annualizes to a rate of -10.58%.
Notably, Chiefland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Chiefland's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.
$241,823
for Florida
for nation
811
$1,409 / per month