Seminole, FL is continuing to grow at a rapid pace with a rising demand to live here. Seminole is a smaller city compared to it’s counterparts in Pinellas County covering a little over 5 and a half square miles. This means that property is limited and with the continued re-development of Seminole City Center Mall, this will have a direct impact on home values.

Renting In Seminole, FL
If you are new to the area, your first thought may be to find a rental. There’s many avenues you can go through so let’s take a quick tour of what is happening in Seminole in the rental market.
When considering renting a home or a condo, the average range for a 3 bed room 2 bath home is around $1400-$2000 a month in 2017. You can use portals such as Zillow and Craigslist to get a rough idea.
If you’re looking on the cheaper end, you may be able to get a tiny studio condo for around $850-1100.
Rental rates are notorious for constantly going up. Very rarely will you ever find yourself in a situation where the land lord decides to bring your costs down no matter how good of a tenant you are.
Because there’s a lot of demand to live here with it’s central location to the many activities of Pinellas County, it makes for a great rental market if you are a land lord.
Buying In Seminole, FL
If you like the area and think you’re going to be around for a few years, it’s more likely to your advantage to buy. The current trend in 2017 is the interest rates are slowly increasing. If you’re reading this way in the future then you might have better insight.
Average interest rates across the United States tend to bounce up and down like the stock market and anytime there’s an announcement of a hike by the Federal Reserve. The Federal Reserve has already announced two rate hikes as of June 2017. One was March 15th and the other was June 14th.
Another way of looking at this is the average interest rate was at an all time low of roughly 3.5% this time last year, where as today it averages around 4% to 4.5% depending on your source.
That, with the rising appreciation in the Seminole, FL market makes it very costly to save up money and wait.
The average sales in Seminole, FL went from $164,775 in 2013 to $217,220 in 2017. That’s an average appreciation of 7.25% a year.
If that trend continues into the next year, 7.25% appreciation would turn the average sales price from $217,220 to $232,968.45. That’s a $15,748.45 average increase in the course of a year.
If we added in rising interest rates especially on a higher loan value then it gets even more expensive but I’ll save you the pain of getting too technical.
Everyone’s situation is different so it doesn’t always mean that buying will be the best case scenario for you. There’s a lot of factors into owning a home, but it definitely helps to know the numbers so you can make an informed decision.
Your thoughts may be to save up more money for another year. But if that home ends up being $15,000 more expensive next year was it really worth it?
Seminole, FL is not isolated in this trend, as the rest of the Tampa Bay Area is experiencing higher than normal appreciation rates across the board, some even much greater than Seminole.
Final Thoughts
I’m a firm believer in practicing what you preach. As a local realtor that lives in Seminole, FL, I have studied the trends and I see the strong growth in this area.
Just to give some perspective, my wife and I bought our first home together for $193,000. This home is in a great neighborhood within walking distance of Publix and the new Seminole City Center Mall.
I did some research after two months of living in my home and feel comfortable stating that it is valued around $220,000 – $225,000 based on a market analysis I ran on the neighborhood.
It doesn’t always happen this way, but sometimes if you look for the trends, you can find yourself a good catch. The one trend that was a major reason for buying my home in Seminole, Fl was the growth and development of the Seminole City Center Mall.
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If you’re ready to take the jump and start looking for your home, you can email us at the727team@gmail.com to get the process started!
Our goal is to provide you all the information you’ll need to see if now is the right time for you to buy. Our approach is pressure-free and we always put ourselves in the shoes of our clients, they will always come first!
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Featured Seminole Homes
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Lot Size6,599 sqft
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Home Size1,200 sqft
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Beds3 Beds
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Baths1 Bath
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Year Built1960
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Days on Market2
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Lot Size7,794 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1987
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Days on Market2
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Home Size1,050 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1969
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Days on Market11
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Lot Size11,013 sqft
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Home Size1,100 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1959
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Days on Market5
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Lot Size5,972 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1971
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Days on Market44
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Lot Size8,669 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1958
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Days on Market4
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Lot Size2.05 ac
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Home Size2,603 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1968
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Days on Market2
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Lot Size9,679 sqft
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Home Size1,184 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1961
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Days on Market179
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Lot Size7,519 sqft
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Home Size1,175 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1957
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Days on Market2
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Lot Size17,891 sqft
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Home Size1,670 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1963
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Days on Market13
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Lot Size7,270 sqft
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Home Size1,514 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1960
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Days on Market3
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Lot Size6,078 sqft
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Home Size1,208 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1959
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Days on Market10
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Lot Size12,446 sqft
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Home Size1,757 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1981
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Days on Market125
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Lot Size7,001 sqft
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Home Size1,330 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1964
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Days on Market38
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Lot Size8,399 sqft
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Home Size1,878 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1974
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Days on Market3
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Lot Size25,456 sqft
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Home Size1,764 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1981
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Days on Market10
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Lot Size7,501 sqft
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Home Size2,578 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1978
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Days on Market17
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Lot Size7,200 sqft
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Home Size1,032 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1959
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Days on Market4
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Lot Size8,107 sqft
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Home Size2,081 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1959
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Days on Market6
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Lot Size6,299 sqft
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Home Size832 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1957
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Days on Market5
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Lot Size1.09 ac
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Home Size560 sqft
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Beds
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Year Built1983
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Days on Market5
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Lot Size6,034 sqft
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Home Size1,152 sqft
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Beds3 Beds
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Baths1 Bath
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Year Built1959
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Days on Market11
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Lot Size9,126 sqft
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Home Size2,110 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1973
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Days on Market9
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Lot Size7,597 sqft
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Home Size1,554 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1973
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Days on Market30
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Lot Size8,586 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1969
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Days on Market9
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Lot Size6,020 sqft
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Home Size1,094 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1968
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Days on Market9
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Lot Size1.73 ac
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Beds2 Beds
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Baths2 Baths
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Year Built1968
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Days on Market45
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Lot Size8,499 sqft
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Beds5 Beds
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Baths3 Baths
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Year Built1962
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Days on Market21
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Lot Size7,027 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1980
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Days on Market30
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Lot Size6,739 sqft
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Home Size1,040 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1959
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Days on Market11
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Lot Size11,963 sqft
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Home Size3,514 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built2004
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Days on Market15
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Lot Size5,895 sqft
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Home Size1,025 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1969
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Days on Market15
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Lot Size8,986 sqft
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Home Size1,644 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1958
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Days on Market34
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Lot Size1.26 ac
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Beds5 Beds
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Baths5 Baths
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Year Built1981
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Days on Market16
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Lot Size14,937 sqft
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Home Size1,850 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1972
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Days on Market17
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Lot Size8,285 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1958
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Days on Market17
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Lot Size7,698 sqft
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Home Size1,177 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1960
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Days on Market64
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Lot Size6,804 sqft
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Home Size1,926 sqft
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Beds2 Beds
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Baths3 Baths
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Year Built2000
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Days on Market19
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Lot Size9,026 sqft
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Home Size3,341 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1988
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Days on Market41
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Lot Size10,001 sqft
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Home Size1,901 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1969
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Days on Market34
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Lot Size11,692 sqft
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Home Size3,040 sqft
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Beds4 Beds
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Baths4 Baths
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Year Built2016
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Days on Market25
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Lot Size12,070 sqft
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Home Size2,600 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2020
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Days on Market32
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Lot Size1.72 ac
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Home Size5,645 sqft
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Beds4 Beds
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Baths5 Baths
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Year Built1979
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Days on Market100
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Lot Size42,803 sqft
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Home Size9,967 sqft
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Beds
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Year Built1990
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Days on Market114
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Lot Size28,877 sqft
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Home Size6,850 sqft
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Beds
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Baths
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Year Built1985
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Days on Market226
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Lot Size19,500 sqft
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Home Size972 sqft
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Beds
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Baths
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Year Built1977
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Days on Market377
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Lot Size20,004 sqft
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Home Size2,736 sqft
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Beds
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Baths
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Year Built1955
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Days on Market45
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Lot Size
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Home Size3,183 sqft
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Beds5 Beds
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Baths5 Baths
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Year Built1968
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Days on Market1,125
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Lot Size17,103 sqft
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Home Size6,776 sqft
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Beds5 Beds
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Baths6 Baths
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Year Built1999
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Days on Market73
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Lot Size8,821 sqft
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Home Size1,977 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1963
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Days on Market86
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(all data current as of
4/10/2021)
Listing information deemed reliable but not guaranteed. Read full disclaimer.