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 19,776 people, 8,972 houses or apartments, and a median cost of homes of $468,193, Maitland real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Maitland, accounting for 54.14% of the city's housing units. Other types of housing that are prevalent in Maitland include single-family detached homes ( 34.36%), row houses and other attached homes ( 8.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.78%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Maitland primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Maitland has a mixture of owner-occupied and renter-occupied housing.
Maitland homes and real estate are some of the newest in America. 45.96% of Maitland's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Maitland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.19%), and between 1940-1969 ( 22.89%).
Vacant housing appears to be an issue in Maitland. Fully 10.43% of the housing stock is classified as vacant. Left unchecked, vacant Maitland homes and apartments can be a drag on the real estate market, holding Maitland 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.
Appreciation rates for homes in Maitland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.11%, which ranks in the top 30% nationwide. This equates to an annual average Maitland house appreciation rate of 7.76%.
Over the last year, Maitland appreciation rates have trailed the rest of the nation. In the last twelve months, Maitland's appreciation rate has been 0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Maitland were at -0.82%, which equates to an annual appreciation rate of -3.24%.
Relative to Florida, our data show that Maitland's latest annual appreciation rate is lower than 50% 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 Maitland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maitland - 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 Maitland real estate investment or home purchase decisions.
$468,193
for Florida
for nation
8,972
$2,947 / per month