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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Chipley, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Chipley, FL Housing Market Trends

With 3,701 people, 1,375 houses or apartments, and a median cost of homes of $196,342, house prices in Chipley are solidly below the national average.

Single-family detached homes are the single most common housing type in Chipley, accounting for 74.37% of the city's housing units. Other types of housing that are prevalent in Chipley include duplexes, homes converted to apartments or other small apartment buildings ( 11.94%), mobile homes or trailers ( 6.15%), and a few row houses and other attached homes ( 5.91%).

The most prevalent building size and type in Chipley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.65% owning and 40.35% renting.

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. Chipley's housing was primarily built during this period, from the '40s through the '60s. A full 50.60% of the city's housing hails from this era. Other housing ages represented in Chipley include homes built between 1970-1999 ( 31.00%) and housing constructed before 1939 ( 12.48%). There's also some housing in Chipley built between 2000 and later ( 5.91%).

Vacant housing appears to be an issue in Chipley. Fully 17.07% of the housing stock is classified as vacant. Left unchecked, vacant Chipley homes and apartments can be a drag on the real estate market, holding Chipley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Chipley Home Appreciation Rates

Appreciation rates for homes in Chipley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.64%, which ranks in the top 30% nationwide. This equates to an annual average Chipley house appreciation rate of 7.16%.

Appreciation rates are so strong in Chipley that despite a nationwide downturn in the housing market, Chipley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chipley appreciation rates continue to be some of the highest in America, at 7.37%, which is higher than appreciation rates in 78.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chipley. Chipley appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.68%.

Relative to Florida, our data show that Chipley's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$196,342

Chipley, FL Home Prices
> $1,281,000
$961,001 - $1,281,000
$640,001 - $961,000
$512,001 - $640,000
$384,001 - $512,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
0.0%
0.0%
0.6%
0.6%
3.1%
3.1%
7.9%
7.9%
8.7%
8.7%
20.1%
20.1%
27.1%
27.1%
21.4%
21.4%
11.1%
11.1%
0% 100.0%
% of Homes
Very Low

for Florida

Low

for nation

Number of Homes And Apartments:

1,375

Chipley Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,459 / per month

Homeownership Rate

Owners
Renters
59.6%
59.6%
40.4%
40.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.1%
17.1%
82.9%
82.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.9%
5.9%
31.0%
31.0%
50.6%
50.6%
12.5%
12.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.4%
74.4%
5.9%
5.9%
11.9%
11.9%
1.6%
1.6%
6.2%
6.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
3.6%
3.6%
23.8%
23.8%
65.6%
65.6%
5.3%
5.3%
1.7%
1.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Chipley

Zip Codes in Chipley, FL