Fellsmere, FL has seen an impressive amount of growth in the housing market over the last year. The median value of a house is $236,100 which is significantly lower than the national median of $338,100. This means that it is more affordable for residents to purchase a home in Fellsmere. In addition, the one-year appreciation rate for housing in Fellsmere is 20.52%, which is much higher than the US one-year appreciation rate of 8.27%. This indicates that investing in real estate here could be very profitable. With its low cost of living and high rate of appreciation, Fellsmere could be a great place to buy a house and invest in real estate.
The median home cost in Fellsmere is $236,100. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Fellsmere is up 26.8%.
Average Age of Homes
- The median age of Fellsmere real estate is 23 years old
The Rental Market in Fellsmere
- Renters make up 35.9% of the Fellsmere population
- 6.6% of houses and apartments in Fellsmere, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.