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 56,961, 22,161 total housing units (homes and apartments), and a median house value of $345,519, Bradenton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bradenton, accounting for 43.46% of the city's housing units. Other types of housing that are prevalent in Bradenton include large apartment complexes or high rise apartments ( 36.48%), duplexes, homes converted to apartments or other small apartment buildings ( 8.17%), and a few row houses and other attached homes ( 7.35%).
People in Bradenton primarily live in small (one, two or no bedroom) single-family detached homes. Bradenton has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Bradenton 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 Bradenton built between 1940-1969 ( 20.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.94%). There's also some housing in Bradenton built before 1939 ( 5.36%).
Vacant housing appears to be an issue in Bradenton. Fully 21.38% of the housing stock is classified as vacant. Left unchecked, vacant Bradenton homes and apartments can be a drag on the real estate market, holding Bradenton 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, Bradenton has experienced some of the highest home appreciation rates of any community in the nation. Bradenton real estate appreciated 174.50% over the last ten years, which is an average annual home appreciation rate of 10.63%, putting Bradenton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bradenton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Bradenton's appreciation rate, at 5.83%, has been at or slightly above the national average. In the latest quarter, Bradenton's appreciation rate has been -1.60%, which annualizes to a rate of -6.26%.
Notably, Bradenton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Bradenton's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bradenton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bradenton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bradenton real estate investment or home purchase decisions.
$345,519
for Florida
for nation
22,161
$2,319 / per month