Micco CDP Florida Area Home Supply Charts

This page looks at a variety of Micco CDP Florida housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Micco CDP depicts it has a Housing Units of 6,843 which is the second most housing units of all the places in the greater Micco CDP region.

Figure 2 illustrates the housing density in the Micco CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Micco CDP depicts it has a Housing Density of 898.6 which is ranked #1 of all places in the greater Micco CDP region. Comparing housing density to the United States average of 39.5, Micco CDP is markedly bigger. Also, measured against the state of Florida, housing density of 181.9, Micco CDP is approximately 4.9 times bigger.

In Figure 4, Micco CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Micco CDP depicts it has a Housing Unit Change of 4.3% which is the second smallest when ranked by change in the housing units of all the other places in the local area. The place with the highest change in the housing units in the area is Windsor CDP which depicts a housing units of 32.9% ( considerably bigger). Comparing change in the housing units to the United States average of 7.4%, Micco CDP is approximately half the size. Also, in comparison with the state of Florida, change in the housing units of 8.6%, Micco CDP is approximately half the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Micco CDP depicts it has a Renter Percent of 4.1% which is less than most other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 95.9% which is the third most owner percent of all other places in the greater Micco CDP region.

Micco CDP Florida Home Cost Charts

Looking at the housing data provided in Figure 7, the average Micco CDP home price is illustrated for this community and a useful analysis of affordable housing. Micco CDP depicts it has a Median Home Value of $118,100 which is the second smallest when sorted by median home price of all the other places in the area. The place with the highest median home price in the area is Orchid which depicts a home price of $1,543,000 ( very much bigger). Figure 8 provides aggregate comparative data for the Micco CDP Florida metro area in terms of the median housing rental rate, apartment rent, etc. Micco CDP shows it has a Median Gross Rent of $983 which is the third most of all other places in the local area. The place with the highest rental rates in the area is Sebastian which shows a rental rates of $1,209 (23.0% larger). Comparing rental rates to the United States average of $1,163, Micco CDP is about 18.3% smaller. Also, versus the state of Florida, rental rates of $1,301, Micco CDP is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Micco CDP has one of the largest proportions of home price worth less than $50,000 at 24% of the total and is ranked #2. The only larger place being Wabasso CDP with 29%. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 47% of the total and is ranked #1. Third, it has one of the largest proportions of home price worth between $1,000,000 to $1,500,000 at 1% of the total and is ranked #3. Only #2 Grant-Valkaria (5%), and #1 Orchid (31%) are larger. Also, it has one of the largest proportions of home price worth between $1,500,000 to $2,000,000 at 1% of the total and is ranked #3. Only #2 Grant-Valkaria (5%), and #1 Orchid (31%) are larger.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Micco CDP shows it has a Median Owner Cost of $471 which is the second smallest when sorted by median ownership cost of all the other places in the surrounding region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Micco CDP metro area. it has a Owner Cost as % of HH Income of 14% which is less than most other places in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Micco CDP depicts it has a Median Home Value as Percent of Median Earnings of 267% which is the second smallest as measured by median home value as a percent of median worker earnings of all the other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Micco CDP depicts it has a Median Owner Costs-With Mortgage of $1,042 which is the second smallest in terms of median housing cost of all the other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $408 which is less than most other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Micco CDP has one of the largest proportions of owner cost less than $300 at 35% of the total and is ranked #2. The only larger place being Wabasso CDP with 41%. Second, it has one of the largest proportions of owner cost between $300 and $500 at 22% of the total and is ranked #2. The only larger place being Grant-Valkaria with 22%. Third, it has less than most other places in the surrounding region in order of owner cost between $700 and $1,000 at 7% of the total. Also, it has the second smallest when sorted by owner cost less than $300 of all the other places in the area when ranked by owner cost between $1,000 and $1,500 at 3% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Micco CDP depicts it has a % of Income Owner Costs-With Mortgage of 26% which is in the intermediate range of other places in the local area. The place with the highest cost as a percent of household income in the area is Orchid which depicts a cost as a percent of household income of 47% (77.6% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Micco CDP depicts it has a % of Income Owner Costs-No Mortgage of 12% which is the third most cost as a percent of household income of all other places in the greater Micco CDP region. The place with the highest cost as a percent of household income in the area is Orchid which depicts a cost as a percent of household income of 18% (49.6% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Micco CDP has the percentage of rent as a percent of income is less than 10 pct less than most other places in the metro area at 7% of the total. Second, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 48% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Micco CDP has the largest proportion of housing cost less than $300 at 33% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $300 and $500 at 22% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,271 which is the second smallest in terms of median real estate taxes paid of all the other places in the metropolitan area. The place with the highest median real estate taxes paid in the area is Orchid which shows a taxes paid of $10,001 ( considerably bigger). Comparing median real estate taxes paid to the United States average of $2,690, Micco CDP is approximately half the size. Also, compared with the state of Florida, median real estate taxes paid of $2,143, Micco CDP is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Micco CDP Florida has one of the largest proportions of rent between 300 and 500 dollars at 18% of the total and is ranked #2. The only larger place being Wabasso CDP with 39%. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 25% of the total and is ranked #3. Only #2 Grant-Valkaria (34%), and #1 Roseland CDP (55%) are larger. Third, it has one of the largest proportions of rent between 750 and 1000 dollars at 35% of the total and is ranked #2. The only larger place being Sebastian with 55%. Also, it has in the mid range of other places in the greater region when ranked by rent between 1000 and 1500 dollars at 5% of the total.

Micco CDP Florida Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Micco CDP has the percentage of With mortgage less than most other places in the metro area at 18% of the total. Second, it has one of the largest proportions of With HELOC no Primary Mortgage at 77% of the total and is ranked #3. Only #2 Wabasso CDP (82%), and #1 Orchid (83%) are larger.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Micco CDP has one of the largest proportions of houses with mortgages at 77% of the total and is ranked #3. Only #2 Wabasso CDP (82%), and #1 Orchid (83%) are larger.

Micco CDP Florida Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.3 which is the second smallest when sorted by family members per housing unit of all the other places in the surrounding region. The place with the highest family members per housing unit in the area is Wabasso CDP which depicts a family members per housing unit of 4.1 (about twice as large). Comparing family members per housing unit to the United States average of 3.3, Micco CDP is approximately three-fourths the size. Also, in contrast to the state of Florida, family members per housing unit of 3.3, Micco CDP is approximately three-fourths the size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.0 which is the second smallest in terms of average number of rooms in a house of all the other places in the local area. The place with the highest average number of rooms in a house in the area is Windsor CDP which shows an average number of rooms in a house of 7.7 (54.0% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1986 which is less than most other places in the local area. The place with the highest year built in the area is Orchid which shows a year built of 2003 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later the second smallest when sorted by homes built in 2020 or later of all the other places in the local area at 1% of the total. Second, it has the second smallest when ranked by homes built in 2020 or later of all the other places in the metro area when ranked by homes built between 2010 to 2019 at 15% of the total. Third, it has the smallest proportion of homes built between 2000 to 2009 at 12% of the total. Also, it has the largest proportion of homes built between 1990 to 1999 at 47% of the total and is ranked #1. In addition, it has the largest proportion of homes built between 1980 to 1989 at 16% of the total and is ranked #1. Furthermore, it has one of the largest proportions of homes built between 1940 to 1949 at 2% of the total and is ranked #3. Only #2 Wabasso CDP (4%), and #1 Roseland CDP (20%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 206 of the total and is ranked #2. The only larger place being Sebastian with 1,872.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 5 to 9 units at 1% of the total and is ranked #1. Second, it has the largest proportion of 50 or more units at 66% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2020 or later at $119,800 of the total and is ranked #3. Only #2 Sebastian ($286,900), and #1 Wabasso CDP ($361,900) are larger. Second, it has less than most other places in the area when sorted by value of homes built 2010 to 2019 at $135,300 of the total. Third, it has the second smallest in order of value of homes built 2020 or later of all the other places in the area when ranked by value of homes built 2000 to 2009 at $125,900 of the total. Also, it has in the mid range of other places in the greater region when sorted by value of homes built 1990 to 1999 at $111,900 of the total. In addition, it has in the middle range of other places in the area as measured by value of homes built 1980 to 1989 at $85,200 of the total. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $85,300 of the total and is ranked #2. The only larger place being Sebastian with $129,700. Next it has the largest proportion of value of homes built 1960 to 1969 at $411,500 of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Micco CDP residents. it has a Owner-Household Size of 1.7 which is the smallest when sorted by homeowner household size of all the other places in the metro area. The place with the highest homeowner household size in the area is Wabasso CDP which depicts a homeowner household size of 2.9 (69.0% larger).

Figure 37 shows the household size for renters. Micco CDP shows it has a Renter-Household Size of 1.7 which is less than most other places in the local area. The place with the highest renter household size in the area is Grant-Valkaria which depicts a renter household sizes of 4.3 (approximately 2.6 times bigger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 29% of the total and is ranked #3. Only #2 Grant-Valkaria (31%), and #1 Wabasso CDP (51%) are larger. Second, it has the largest proportion of owners moved in 2015 to 2018 at 24% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Micco CDP has the largest proportion of renters moved in 2019 or later at 65% of the total and is ranked #1. Second, it has less than most other places in the metropolitan area in terms of renters moved in 2015 to 2018 at 8% of the total. Third, it has less than most other places in the greater region in terms of renters moved in 2010 to 2014 at 5% of the total. Also, it has the largest proportion of renters moved in 1990 to 1999 at 14% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2013 which is the second most of all the places in the greater region. Figure 41 compares the median year that renters moved into their home. Micco CDP shows it has a Renter Median Year Moved In of 2017 which is the highest of all places in the greater Micco CDP region.