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 5,864, 2,124 total housing units (homes and apartments), and a median house value of $260,675, Starke 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 Starke, accounting for 65.78% of the city's housing units. Other types of housing that are prevalent in Starke include large apartment complexes or high rise apartments ( 24.71%), duplexes, homes converted to apartments or other small apartment buildings ( 5.38%), and a few mobile homes or trailers ( 4.10%).
The most prevalent building size and type in Starke are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.48% owning and 48.52% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Starke's housing was primarily built during this period, from the '40s through the '60s. A full 52.40% of the city's housing hails from this era. Other housing ages represented in Starke include homes built between 1970-1999 ( 29.81%) and housing constructed between 2000 and later ( 11.21%). There's also some housing in Starke built before 1939 ( 6.57%).
Vacant housing appears to be an issue in Starke. Fully 17.87% of the housing stock is classified as vacant. Left unchecked, vacant Starke homes and apartments can be a drag on the real estate market, holding Starke 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, Starke has experienced some of the highest home appreciation rates of any community in the nation. Starke real estate appreciated 144.45% over the last ten years, which is an average annual home appreciation rate of 9.35%, putting Starke in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Starke definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Starke that despite a nationwide downturn in the housing market, Starke real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Starke appreciation rates continue to be some of the highest in America, at 14.72%, which is higher than appreciation rates in 86.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Starke. Starke appreciation rates in the latest quarter were at 1.58%, which equates to an annual appreciation rate of 6.47%.
Relative to Florida, our data show that Starke's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.
$260,675
for Florida
for nation
2,124
$1,579 / per month