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 12,545 people, 4,881 houses or apartments, and a median cost of homes of $515,996, Lantana real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Lantana, accounting for 43.17% of the town's housing units. Other types of housing that are prevalent in Lantana include large apartment complexes or high rise apartments ( 37.90%), duplexes, homes converted to apartments or other small apartment buildings ( 14.27%), and a few row houses and other attached homes ( 3.86%).
People in Lantana primarily live in small (one, two or no bedroom) single-family detached homes. Lantana has a mixture of owner-occupied and renter-occupied housing.
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. Lantana's housing was primarily built during this period, from the '40s through the '60s. A full 42.71% of the town's housing hails from this era. Other housing ages represented in Lantana include homes built between 1970-1999 ( 35.38%) and housing constructed between 2000 and later ( 20.23%). There's also some housing in Lantana built before 1939 ( 1.69%).
Vacant housing appears to be an issue in Lantana. Fully 19.08% of the housing stock is classified as vacant. Left unchecked, vacant Lantana homes and apartments can be a drag on the real estate market, holding Lantana 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, Lantana has experienced some of the highest home appreciation rates of any community in the nation. Lantana real estate appreciated 151.23% over the last ten years, which is an average annual home appreciation rate of 9.65%, putting Lantana in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lantana 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, Lantana appreciation rates have trailed the rest of the nation. In the last twelve months, Lantana's appreciation rate has been 1.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lantana were at -1.01%, which equates to an annual appreciation rate of -3.97%.
Notably, Lantana's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Lantana's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
$515,996
for Florida
for nation
4,881
$2,276 / per month