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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 13,523, 5,702 total housing units (homes and apartments), and a median house value of $407,961, Destin house prices are not only among the most expensive in Florida, Destin real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Destin, accounting for 54.09% of the city's housing units. Other types of housing that are prevalent in Destin include single-family detached homes ( 35.74%), duplexes, homes converted to apartments or other small apartment buildings ( 5.93%), and a few row houses and other attached homes ( 2.88%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Destin primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Destin has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Destin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Destin built between 2000 and later ( 25.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.05%).
A decent proportion of the Destin housing stock is seasonally occupied. That is, homes and condos in Destin 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 Destin housing market speaks to its popularity as a vacation location of choice.
Destin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Destin during the period has been just -1.28%, which is lower than 70% of US communities.
Appreciation rates are so strong in Destin that despite a nationwide downturn in the housing market, Destin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Destin appreciation rates continue to be some of the highest in America, at 11.35%, which is higher than appreciation rates in 96.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Destin. Destin appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.41%.
Importantly, this makes Destin one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Destin's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Destin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Destin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Destin real estate investment or home purchase decisions.
|$966,001 - $1,287,000||4.3|
|$644,001 - $966,000||7.3|
|$515,001 - $644,000||9.2|
|$386,001 - $515,000||15.4|
|$258,001 - $386,000||25.7|
|$129,001 - $258,000||26.5|
|$64,001 - $129,000||2.6|
|$0 - $64,000||2.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Destin HOMES|
|2000 or Newer||25.2|
|1970 - 1999||70.5|
|1940 - 1969||4.0|
|1939 or Older||0.3|
|TYPE OF Destin HOMES|
|Small Apt. Buildings||5.9|
|SIZE OF Destin HOMES|
|5 or more bedrooms||1.11|