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 845, 73 total housing units (homes and apartments), and a median house value of $429,357, Sorrento real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Sorrento, accounting for 100.00% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sorrento. Owner-occupied housing accounts for 100.00% of Sorrento's homes, and 60.27% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sorrento's housing was primarily built during this period, from the '40s through the '60s. A full 61.64% of the town's housing hails from this era. Other housing ages represented in Sorrento include homes built between 2000 and later ( 21.92%) and housing constructed between 1970-1999 ( 16.44%).
In the last 10 years, Sorrento has experienced some of the highest home appreciation rates of any community in the nation. Sorrento real estate appreciated 166.36% over the last ten years, which is an average annual home appreciation rate of 10.29%, putting Sorrento in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sorrento 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, Sorrento's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Sorrento's appreciation rate has been 2.14%, which annualizes to a rate of 8.84%.
Relative to Florida, our data show that Sorrento's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.
$429,357
$3,099 / per month