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 516 people, 274 houses or apartments, and a median cost of homes of $132,834, house prices in Reddick are some of the most affordable in Florida as well as the nation.
Single-family detached homes are the single most common housing type in Reddick, accounting for 74.03% of the town's housing units. Other types of housing that are prevalent in Reddick include mobile homes or trailers ( 22.39%), duplexes, homes converted to apartments or other small apartment buildings ( 3.58%).
The most prevalent building size and type in Reddick are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.03% owning and 41.97% renting.
Reddick homes and real estate are some of the newest in America. 35.22% of Reddick's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Reddick real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.75%), and between 1940-1969 ( 22.99%). There's also some housing in Reddick built before 1939 ( 11.04%).
Vacant housing appears to be an issue in Reddick. Fully 18.21% of the housing stock is classified as vacant. Left unchecked, vacant Reddick homes and apartments can be a drag on the real estate market, holding Reddick 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 Reddick have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.55%, which ranks in the top 30% nationwide. This equates to an annual average Reddick house appreciation rate of 7.83%.
NeighborhoodScout's data show that during the latest twelve months, Reddick's appreciation rate, at 3.43%, has been at or slightly above the national average. In the latest quarter, Reddick's appreciation rate has been 1.74%, which annualizes to a rate of 7.16%.
Importantly, this makes Reddick one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Reddick's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
$132,834
for Florida
for nation
274
$1,739 / per month