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 827 people, 621 houses or apartments, and a median cost of homes of $172,889, house prices in Waldo are solidly below the national average.
Single-family detached homes are the single most common housing type in Waldo, accounting for 68.95% of the city's housing units. Other types of housing that are prevalent in Waldo include mobile homes or trailers ( 23.50%), large apartment complexes or high rise apartments ( 7.55%).
The most prevalent building size and type in Waldo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.51% owning and 38.49% renting.
There is a lot of housing in Waldo 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 Waldo built before 1939 ( 28.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.80%). There's also some housing in Waldo built between 2000 and later ( 15.38%).
Vacant housing appears to be an issue in Waldo. Fully 11.54% of the housing stock is classified as vacant. Left unchecked, vacant Waldo homes and apartments can be a drag on the real estate market, holding Waldo 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 Waldo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 116.55%, which ranks in the top 30% nationwide. This equates to an annual average Waldo house appreciation rate of 8.03%.
Over the last year, Waldo appreciation rates have trailed the rest of the nation. In the last twelve months, Waldo's appreciation rate has been 6.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waldo were at -3.80%, which equates to an annual appreciation rate of -14.36%.
Notably, Waldo's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Waldo's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.
$172,889
for Florida
for nation
621
$1,089 / per month