Dade City, Florida is a unique and wonderful place to live. Its beautiful local architecture and slower pace of life is all within driving distance of metro Tampa Bay, and world-class Gulf Coast beaches.
Dade City also features attractive real estate prices, along with recent growth in property values. So here’s a closer look at this historic city’s real estate market, and tips to get a mortgage in Dade City, Florida.
Dade City Real Estate
When reviewing the median home price in Dade City, it’s easy to see why this Florida town is such a desirable place for families to relocate, especially if they are seeking a slower pace of life.
Currently, Zillow lists the median home value in Dade City at $98,400, significantly below the state average of $192,600 and the national average of $188,100.
While housing prices are currently very low, they have risen significantly in recent years. Over the past 12 months, home values in Dade City jumped a huge 17.1%, around three times the national rate of 5.1%.
Over the next 12 months, Dade City home values are projected to continue rising, though at a slower rate of 5.7%.
Dade City’s Quality of Life
For families and individuals intrigued by these low housing costs, there are several reasons to move to Dade City.
The historic downtown in Dade City features great architecture and a slower pace of life. The 16-acre Pioneer Florida Museum in Dade City shows off the history of the town, while also providing a great family attraction and learning experience. Annual festivals also add to the quality of life, such as the Kumquat Festival that celebrates the area citrus industry, and Pioneer Days that commemorates the history of the Civil War era.
But don’t let all that small town charm fool you! Dade City is less than an hour north of Tampa, and provides access to the many opportunities the Tampa Bay Metro Area has to offer. You’re also close enough to easily visit local beaches, while also feeling connected to a modern urban experience.
Getting a Mortgage in Dade City, Florida
If you are thinking of moving to Dade City, or refinancing your mortgage as a resident of this historic town, it’s not too early to get started.
Begin by getting pre-qualified for a mortgage, which you can accomplish in just a few minutes over the phone. This important first step will allow you to immediately contact a Realtor and start looking for a home as a qualified buyer.
Then as you look for a home, you can work through the longer process of becoming pre-approved for a mortgage. During this process, your mortgage broker will guide you through each step.
Once you are pre-approved, the lender will request a few more things, which your mortgage broker will help you accomplish. Then you’ll receive a “clear to close,” and the lender will send the paperwork for closing to the title company/closing agent.
Marimark Mortgage is based in Tampa, Florida, and proudly serves homebuyers and homeowners in Dade City.
We specialize in conventional home mortgages, FHA, VA, and USDA mortgage options, refinance loans, and reverse mortgages. We’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.
To get started with a mortgage to buy your next home, please fill out our Quick Mortgage Application, or contact us direct.