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 1,296 people, 527 houses or apartments, and a median cost of homes of $310,596, Molino real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Molino, accounting for 75.24% of the town's housing units. Other types of housing that are prevalent in Molino include mobile homes or trailers ( 12.22%), row houses and other attached homes ( 7.65%), and a few large apartment complexes or high rise apartments ( 4.89%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Molino. Owner-occupied housing accounts for 85.96% of Molino's homes, and 56.84% have either three or four bedrooms, which is average sized relative to America.
Vacant housing appears to be an issue in Molino. Fully 14.17% of the housing stock is classified as vacant. Left unchecked, vacant Molino homes and apartments can be a drag on the real estate market, holding Molino 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, Molino has experienced some of the highest home appreciation rates of any community in the nation. Molino real estate appreciated 132.09% over the last ten years, which is an average annual home appreciation rate of 8.78%, putting Molino in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Molino 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, Molino appreciation rates have trailed the rest of the nation. In the last twelve months, Molino's appreciation rate has been 0.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Molino were at -2.72%, which equates to an annual appreciation rate of -10.44%.
Notably, Molino's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Molino's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
$310,596
for Florida
for nation
527
$1,694 / per month