Kissimmee, Florida

Osceola County Real Estate - Kissimmee

 

Kissimmee boomed in the 1880s. The city was an important regional steamship port, owing that status to its location on Lake Tohopekaliga. The expansion of the railroads eliminated the need for Kissimmee's steamship industry, forcing the city to rely on agriculture and cattle ranching until Walt Disney World opened in 1971.

Today, Kissimmee's economy is focused on tourism, education, and construction. The city has around 60,000 residents, over half of which identify as Hispanic or Latino/a. Kissimmee's proximity to Orlando and the Walt Disney World Resort make it a popular destination for tourists.  The city hosts Johnson University Florida (formerly Johnson Bible College) and a campus of Valencia College.

Kissimmee is in East Central Florida. It's population as recorded in the 2010 Census was 59,682.

The median age for residents of Kissimmee is 33.5. Around 40.8% of Kissimmee households include school aged children and 20.8% of households include individuals aged 65 years or over. Census records indicate 66% of the Kissimmee population are White, 12.3% are Black or African American, .5% American Indian, 3.3% Asian and 4.6% are Two or more Races. Kissimmee has a significant Hispanic population. 58.9% (35,170) of Kissimmee residents are of Hispanic or Latino origin. Of these 6.68% are of Mexican origin, 56.09% Puerto Rican, 4.33% Cuban and 32.88% are of other Hispanic or Latino origin.

There are 26,275 housing units in Kissimmee. 5,549 (21.1%) of these were reported as vacant in the 2010 Census. Kissimmee is a tourist destination, 31.9% (1,774) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 13,323 residential rental units in Kissimmee. 11,249 of them were occupied in 2010 providing a residential rental vacancy rate of 14.9%.

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Kissimmee is located in Osceola County. It has a population of approximately 59,682 people. The population increased 6.2% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 7.0% for Osceola County and a 1.7% increase for the country as a whole. Kissimmee occupies 21.19 of the 1327.45 square miles in Osceola County. It had a population density of 2816 persons per square mile in 2010. This compared to 202.4 for the county, 350.6 for Florida and 87.4 for the country.

20.2% ( 26,275) of the 129,830 housing units in Osceola County are in Kissimmee (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Kissimmee has a 44.6% homeownership rate compared to Osceola County's 64.8% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Osceola County 268,685 $7,448 7.0% $46,479 129,830 $170,200
Kissimmee 59,682 $1,2956.2%$38,158 26,275$151,300

Kissimmee's medium household income in 2011 was $38,158. Osceola County's medium household income was $46,479, which is lower than the medium income for Florida as a whole: $47,827. 19.6% of the population in Kissimmee lives below the poverty line, compared to 14.7% in Florida, 13.9% of the population in Osceola County and 14.3% nationwide. Additional Information:

Kissimmee Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Kissimmee. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $1,295 million, Kissimmee's economic activity represents 17.38% of Osceola County's $7,448MM in economic activity. Osceola County represents 1.18% of the Florida economy.

Kissimmee Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $0 0.0%
Retail sales $1,003 77.5%
Accommodation and food services sales $292 22.5%
Total $1,295100%

Osceola County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Kissimmee 59,682 $1,2956.2%$38,158 26,275$151,300
Kissimmee 59,682 $1,2956.2%$38,158 26,275$151,300

Osceola County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Osceola County represents 7.0% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Osceola County 268,685 $7,448 7.0% $46,479 129,830 $170,200
Orange County 1,145,956 $53,843 4.9% $49,731 492,209 $211,100
Seminole County 422,718 $12,124 1.9% $58,908 182,625 $225,500
Lake County 297,052 $5,430 2.1% $47,509 145,303 $167,900
Volusia County 494,593 $10,951 0.5% $44,169 254,981 $172,100
Sumter County 93,420 $1,120 8.8% $44,817 55,988 $186,800
Total 3,369,551 $106,985 3.7% $48,812 1,531,448 $186,400

Kissimmee Real Estate

There are 166,127 properties in Kissimmee. The following table shows a summary of them based on 2014 sales data.

Kissimmee Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 595 0.36 1 $2,237,300 $1,172June 1st, 2014June 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 1,580 0.95 4 $58,050 $38January 1st, 2014February 1st, 2014
Health Care 13 0.01 0n/an/an/an/a
Hotel & Motel 4,382 2.64 463 $199,500 $614January 1st, 2014September 1st, 2014
Industrial 507 0.31 11 $800,000 $68January 1st, 2014August 1st, 2014
Miscellaneous Property 107 0.06 0n/an/an/an/a
Mobile/Manufactured 4,327 2.60 99 $45,600 $36January 1st, 2014September 1st, 2014
Multifamily 1,281 0.77 25 $111,000 $43January 1st, 2014September 1st, 2014
Office 1,490 0.90 73 $1,050,000 $1,483February 1st, 2014August 1st, 2014
Residential 149,025 89.71 3,884 $136,850 $73January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 2,188 1.32 49 $541,300 $95January 1st, 2014August 1st, 2014
Senior Housing 27 0.02 0n/an/an/an/a
Special Purpose 450 0.27 6 $419,750 $60March 1st, 2014July 1st, 2014
Sports & Entertaining 155 0.09 3 $2,225,000 $117April 1st, 2014August 1st, 2014

Agricultural Real Estate in Kissimmee, Florida

595( .36%) of the properties in Kissimmee are classified as Agricultural. 1 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $2,237,300. The median sales price was $2,237,300. In 2014 the median sales price for Agricultural in Kissimmee was $1,172 per sq ft.

Commercial Real Estate in Kissimmee, Florida

0( .00%) of the properties in Kissimmee are classified as Commercial.

Government Real Estate in Kissimmee, Florida

1,580( .95%) of the properties in Kissimmee are classified as Government. 4 of them sold between January 1st, 2014 and February 1st, 2014. The total value of these sales was $242,400. The median sales price was $58,050. In 2014 the median sales price for Government Property in Kissimmee was $38 per sq ft.

Health Care Real Estate in Kissimmee, Florida

13( .01%) of the properties in Kissimmee are classified as Health Care.

Hotel & Motel Real Estate in Kissimmee, Florida

4,382( 2.64%) of the properties in Kissimmee are classified as Hotel & Motel. 463 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $589,885,800. The median sales price was $199,500. In 2014 the median sales price for A Class Hotel & Motel in Kissimmee was $8,400 per sq ft, B Class properties sold for $614/ft and C Class $30/ft.

Industrial Real Estate in Kissimmee, Florida

507( .31%) of the properties in Kissimmee are classified as Industrial. 11 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $29,075,800. The median sales price was $800,000. In 2014 the median sales price for Industrial in Kissimmee was $68 per sq ft.

Miscellaneous Real Estate in Kissimmee, Florida

107( .06%) of the properties in Kissimmee are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Kissimmee, Florida

4,327( 2.60%) of the properties in Kissimmee are classified as Mobile/Manufactured. 99 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $5,234,864. The median sales price was $45,600. In 2014 the median sales price for A Class Mobile/Manufactured in Kissimmee was $55 per sq ft, B Class properties sold for $36/ft and C Class $19/ft.

Multifamily Real Estate in Kissimmee, Florida

1,281( .77%) of the properties in Kissimmee are classified as Multifamily. 25 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $4,150,600. The median sales price was $111,000. In 2014 the median sales price for A Class Multifamily in Kissimmee was $64 per sq ft, B Class properties sold for $43/ft and C Class $28/ft.

Office Real Estate in Kissimmee, Florida

1,490( .90%) of the properties in Kissimmee are classified as Office. 73 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $93,092,000. The median sales price was $1,050,000. In 2014 the median sales price for A Class Office in Kissimmee was $2,292 per sq ft, B Class properties sold for $1,483/ft and C Class $115/ft.

Residential Real Estate in Kissimmee, Florida

149,025( 89.71%) of the properties in Kissimmee are classified as Residential. 3,884 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $641,289,903. The median sales price was $136,850. In 2014 the median sales price for A Class Residential in Kissimmee was $124 per sq ft, B Class properties sold for $73/ft and C Class $47/ft.

Residential Real Estate in Kissimmee, Florida

0( .00%) of the properties in Kissimmee are classified as Residential.

Retail Real Estate in Kissimmee, Florida

2,188( 1.32%) of the properties in Kissimmee are classified as Retail. 49 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $404,766,000. The median sales price was $541,300. In 2014 the median sales price for A Class Retail in Kissimmee was $345 per sq ft, B Class properties sold for $95/ft and C Class $50/ft.

Senior Housing Real Estate in Kissimmee, Florida

27( .02%) of the properties in Kissimmee are classified as Senior Housing.

Special Purpose Real Estate in Kissimmee, Florida

450( .27%) of the properties in Kissimmee are classified as Special Purpose. 6 of them sold between March 1st, 2014 and July 1st, 2014. The total value of these sales was $10,934,000. The median sales price was $419,750. In 2014 the median sales price for Special Purpose in Kissimmee was $60 per sq ft.

Sports & Entertaining Real Estate in Kissimmee, Florida

155( .09%) of the properties in Kissimmee are classified as Sports & Entertaining. 3 of them sold between April 1st, 2014 and August 1st, 2014. The total value of these sales was $10,950,000. The median sales price was $2,225,000. In 2014 the median sales price for Sports & Entertaining in Kissimmee was $117 per sq ft.

Kissimmee, Osceola County Market Data

Kissimmee Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 562 365,537
Government Property 1,600 16,131,482
Health Care 12 3,009,238
Hotel & Motel 3,986 27,945,772
Industrial 498 16,455,026
Land 22,546 424,341
Miscellaneous Property 91 494,359
Mobile/Manufactured 4,191 5,365,539
Multifamily 1,289 24,566,514
Office 1,493 8,085,849
Residential 151,950 304,114,323
Retail 2,133 24,092,353
Senior Housing 27 1,672,598
Special Purpose 446 4,298,540
Sports & Entertaining 146 2,022,910

Kissimmee Median Property Values per Sq Ft

Kissimmee Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2014 $334$28 $58$15 $56$6
Auto sales, auto repair and storage or auto service shop 2014 $334$25 $58$16 $56$13
Bowling alley, skating rink, pool hall or enclosed arena 2014 $334$28 $58$15 $56$6
Centrally assessed 2014 $79$40 $17$14 $17$6
Church 2014 $79$21 $17$11 $17$6
Club, lodge or union hall 2014 $79$21 $17$11 $17$6
College 2014 $79$27 $17$13 $17$7
Community Shopping Center 2014 $153$25 $105$16 $29$13
Condominium 2014 $103$13 $72$13 $43$13
County Owned 2014 $79$27 $17$13 $17$7
Cropland soil capability Class II 2014 $79$25 $17$13 $17$8
Cultural organization, facility 2014 $79$21 $17$11 $17$6
Department Store 2014 $153$25 $105$16 $29$13
Drive-in Restaurant 2014 $294$25 $294$16 $294$13
Enclosed theater or auditorium 2014 $334$28 $58$15 $56$6
Federal Owned 2014 $79$27 $17$13 $17$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2014 $334$25 $58$16 $56$13
Food processing 2014 $334$14 $58$8 $56$5
Forest, park or recreational area 2014 $79$27 $17$13 $17$7
Golf course or driving range 2014 $334$28 $58$15 $56$6
Government Undefined 2014 $79$27 $17$13 $17$7
Grazing land soil capability Class I 2014 $79$25 $17$13 $17$8
Heavy industrial 2014 $334$14 $58$8 $56$5
Home for the aged 2014 $79$14 $17$9 $17$5
Hospital 2014 $79$27 $17$13 $17$7
Hotel or motel 2014 $334$34 $58$34 $56$34
Insurance company office 2014 $334$24 $58$16 $56$10
Leasehold interests (government owned property leased by a non-governmental lessee) 2014 $79$40 $17$14 $17$6
Light manufacturing 2014 $334$14 $58$8 $56$5
Lumber yard, sawmill or planing mill 2014 $334$14 $58$8 $56$5
Mineral processing, cement plant,refinery, clay plants or gravel plant 2014 $79$14 $17$8 $17$5
Miscellaneous Residential (migrant camp or boarding home.) 2014 $103$34 $72$34 $43$34
Mixed use - store and office or store and residential or residential combination 2014 $153$25 $105$16 $29$13
Mobile Home 2014 $144$6 $63$6 $42$6
Mortuary, cemetery or crematorium 2014 $79$21 $17$11 $17$6
Multi-family - 10 units or more 2014 $144$17 $63$10 $42$6
Multi-family - less than 10 units 2014 $81$17 $60$10 $33$6
Municipal Owned 2014 $79$27 $17$13 $17$7
Nightclub, cocktail lounge or bar 2014 $334$28 $58$15 $56$6
Office building, non-professional service building, multi-story 2014 $294$24 $294$16 $294$10
Office building, non-professional service building, one story 2014 $294$24 $294$16 $294$10
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2014 $79$14 $17$8 $17$5
Orchard Groves, Citrus, etc. 2014 $79$25 $17$13 $17$8
Ornamentals, miscellaneous agricultural 2014 $79$25 $17$13 $17$8
Orphanage, other non-profit or charitable services 2014 $79$21 $17$11 $17$6
Private school or college 2014 $79$21 $17$11 $17$6
Privately owned hospital 2014 $79$22 $17$15 $17$9
Professional service building 2014 $294$24 $294$16 $294$10
Public county school 2014 $79$27 $17$13 $17$7
Regional Shopping Center 2014 $153$25 $105$16 $29$13
Repair service shop (excluding automotive) 2014 $334$25 $58$16 $56$13
Restaurant, cafeteria 2014 $294$25 $294$16 $294$13
Retirement Home not eligible for exemption. 2014 $103$14 $72$9 $43$5
Service station 2014 $334$25 $58$16 $56$13
Single Family 2014 $123$13 $76$13 $47$13
State Owned 2014 $79$27 $17$13 $17$7
Store, one story 2014 $153$25 $105$16 $29$13
Supermarket 2014 $153$25 $105$16 $29$13
Timberland - site index 60 to 69 2014 $79$25 $17$13 $17$8
Timberland - site index 70 to 79 2014 $79$25 $17$13 $17$8
Timberland - site index 80 to 89 2014 $79$25 $17$13 $17$8
Timberland - site index 90 and above 2014 $79$25 $17$13 $17$8
Tourist attraction, permanent exhibit or other entertainment facilities 2014 $334$28 $58$15 $56$6
Undefined - Reserved for Use by Department of Revenue 2014 $81$13 $60$13 $33$13
Utility 2014 $79$40 $17$14 $17$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2014 $79$14 $17$8 $17$5
Wholesale outlet, produce house or manufacturing outlet 2014 $334$25 $58$16 $56$13