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 a population of 1,780, 806 total housing units (homes and apartments), and a median house value of $144,495, house prices in Sneads 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 Sneads, accounting for 44.08% of the town's housing units. Other types of housing that are prevalent in Sneads include mobile homes or trailers ( 42.28%), large apartment complexes or high rise apartments ( 6.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.45%).
The most prevalent building size and type in Sneads are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.93% owning and 41.07% renting.
There is a lot of housing in Sneads 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 Sneads built between 1940-1969 ( 26.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.68%). There's also some housing in Sneads built before 1939 ( 1.59%).
Vacant housing appears to be an issue in Sneads. Fully 14.80% of the housing stock is classified as vacant. Left unchecked, vacant Sneads homes and apartments can be a drag on the real estate market, holding Sneads 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 Sneads have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.76%, which ranks in the top 30% nationwide. This equates to an annual average Sneads house appreciation rate of 7.79%.
Over the last year, Sneads appreciation rates have trailed the rest of the nation. In the last twelve months, Sneads's appreciation rate has been 2.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sneads were at 1.38%, which equates to an annual appreciation rate of 5.64%.
Importantly, this makes Sneads 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 Sneads's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
$144,495
for Florida
for nation
806
$1,322 / per month