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 48,198 people, 14,125 houses or apartments, and a median cost of homes of $438,467, Ocoee real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ocoee, accounting for 79.31% of the city's housing units. Other types of housing that are prevalent in Ocoee include large apartment complexes or high rise apartments ( 10.65%), row houses and other attached homes ( 6.04%), and a few mobile homes or trailers ( 2.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ocoee. Owner-occupied housing accounts for 72.04% of Ocoee's homes, and 75.42% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ocoee 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 Ocoee built between 2000 and later ( 44.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.99%).
In the last 10 years, Ocoee has experienced some of the highest home appreciation rates of any community in the nation. Ocoee real estate appreciated 181.68% over the last ten years, which is an average annual home appreciation rate of 10.91%, putting Ocoee in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ocoee 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, Ocoee's appreciation rate, at 10.68%, has been at or slightly above the national average. In the latest quarter, Ocoee's appreciation rate has been 2.72%, which annualizes to a rate of 11.35%.
Relative to Florida, our data show that Ocoee's latest annual appreciation rate is higher than 60% 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 Ocoee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ocoee - 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 Ocoee real estate investment or home purchase decisions.
$438,467
for Florida
for nation
14,125
$3,019 / per month