Bradenton Beach appreciation rates and housing market information

Bradenton Beach housing market information

With a population of 1,484, 1,755 total housing units (homes and apartments), and a median house value of $275,400, Bradenton Beach real estate prices are well above average cost compared to national prices.

large apartment complexes or high rise apartments are the single most common housing type in Bradenton Beach, accounting for 33.56% of the city's housing units. Other types of housing that are prevalent in Bradenton Beach include duplexes, homes converted to apartments, or other small apartment buildings (26.10%), single-family detached homes (20.57%), mobile homes or trailers (16.75%), and a few row houses and other attached homes (2.79%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Bradenton Beach primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Bradenton Beach has a mixture of owner-occupied and renter-occupied housing.

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. Bradenton Beach's housing was primarily built during this period, from the '40s through the '60s. A full 51.40% of the city's housing hails from this era. Other housing ages represented in Bradenton Beach include homes built between 1970-1994 (35.61%), and housing constructed from 1939 and earlier (7.98%). There's also some housing in Bradenton Beach built between 1995 and later (5.01%).

A decent proportion of the Bradenton Beach housing stock is seasonally occupied. That is, homes and condos in Bradenton Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Bradenton Beach housing market speaks to its popularity as a vacation location of choice.

Bradenton Beach home appreciation rates

In the last 10 years, Bradenton Beach has experienced some of the highest home appreciation rates of any community in the nation. Bradenton Beach real estate appreciated 159.21% over the last ten years, which is an average annual home appreciation rate of 15.92%, putting Bradenton Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bradenton Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Bradenton Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Bradenton Beach's appreciation rate has been -12.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bradenton Beach were at -3.81%, which equates to an annual appreciation rate of -15.24%.

Notably, Bradenton Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Bradenton Beach's latest annual appreciation rate is higher than 38% of the other cities and towns in Florida.