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 7,336 people, 3,015 houses or apartments, and a median cost of homes of $275,537, Mims 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 Mims, accounting for 64.92% of the town's housing units. Other types of housing that are prevalent in Mims include mobile homes or trailers ( 30.58%), row houses and other attached homes ( 1.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mims. Owner-occupied housing accounts for 91.96% of Mims's homes, and 60.55% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mims 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 Mims built between 2000 and later ( 29.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.02%).
Vacant housing appears to be an issue in Mims. Fully 23.42% of the housing stock is classified as vacant. Left unchecked, vacant Mims homes and apartments can be a drag on the real estate market, holding Mims 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, Mims has experienced some of the highest home appreciation rates of any community in the nation. Mims real estate appreciated 157.50% over the last ten years, which is an average annual home appreciation rate of 9.92%, putting Mims in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mims definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Mims appreciation rates have trailed the rest of the nation. In the last twelve months, Mims's appreciation rate has been 1.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mims were at -0.63%, which equates to an annual appreciation rate of -2.49%.
Notably, Mims's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Mims's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
$275,537
for Florida
for nation
3,015
$1,289 / per month