SEBASTIAN HOUSING MARKET INFORMATION With 26,846 people, 11,512 houses or apartments, and a median cost of homes of $405,744, Sebastian real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Sebastian, accounting for 87.91% of the city's housing units. Other types of housing that are prevalent in Sebastian include mobile homes or trailers ( 5.49%), large apartment complexes or high rise apartments ( 2.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.51%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sebastian. Owner-occupied housing accounts for 83.44% of Sebastian's homes, and 72.60% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Sebastian 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 Sebastian built between 2000 and later ( 39.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.86%). Vacant housing appears to be an issue in Sebastian. Fully 10.70% of the housing stock is classified as vacant. Left unchecked, vacant Sebastian homes and apartments can be a drag on the real estate market, holding Sebastian 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. SEBASTIAN HOME APPRECIATION RATES In the last 10 years, Sebastian has experienced some of the highest home appreciation rates of any community in the nation. Sebastian real estate appreciated 169.58% over the last ten years, which is an average annual home appreciation rate of 10.43%, putting Sebastian in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sebastian definitely has a track record of being one of the best long term real estate investments in America through the last ten years. 蘑菇视频's data show that during the latest twelve months, Sebastian's appreciation rate, at 7.77%, has been at or slightly above the national average. In the latest quarter, Sebastian's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%. Relative to Florida, our data show that Sebastian's latest annual appreciation rate is higher than 90% 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 Sebastian differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Sebastian - 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 Sebastian real estate investment or home purchase decisions.