Fernandina Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fernandina Beach Neighborhoods Since 2000




Fernandina Beach, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fernandina Beach Housing Market Information

With 12,339 people, 5,367 houses or apartments, and a median cost of homes of $318,392, real estate costs in Fernandina Beach are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Fernandina Beach, accounting for 73.44% of the city's housing units. Other types of housing that are prevalent in Fernandina Beach include large apartment complexes or high rise apartments ( 10.46%), duplexes, homes converted to apartments or other small apartment buildings ( 8.60%), and a few row houses and other attached homes ( 7.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fernandina Beach. Owner-occupied housing accounts for 65.13% of Fernandina Beach's homes, and 69.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fernandina Beach 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 Fernandina Beach built between 1940-1969 ( 24.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.84%). There's also some housing in Fernandina Beach built before 1939 ( 8.26%).

Vacant housing appears to be an issue in Fernandina Beach. Fully 28.48% of the housing stock is classified as vacant. Left unchecked, vacant Fernandina Beach homes and apartments can be a drag on the real estate market, holding Fernandina Beach 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.

Fernandina Beach Home Appreciation Rates

Real estate appreciation rates in Fernandina Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.

Appreciation rates are so strong in Fernandina Beach that despite a nationwide downturn in the housing market, Fernandina Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fernandina Beach appreciation rates continue to be some of the highest in America, at 11.69%, which is higher than appreciation rates in 97.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fernandina Beach. Fernandina Beach appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.03%.

Importantly, this makes Fernandina Beach 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 Fernandina Beach's latest annual appreciation rate is higher than 80% 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 Fernandina Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fernandina Beach - 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 Fernandina Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$318,392

Fernandina Beach, FL HOME PRICES

Value Range
> $1,301,000 2.1
$977,001 - $1,301,000 1.0
$651,001 - $977,000 6.0
$521,001 - $651,000 9.9
$391,001 - $521,000 16.1
$260,001 - $391,000 27.7
$130,001 - $260,000 23.7
$65,001 - $130,000 8.7
$0 - $65,000 4.7

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
14.6783077463963 25.4273504273504

Number Of Homes And Apartments:
5,367

Fernandina Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
96.54% 3.99% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,457 / per month

Homeownership Rate

Homeownership
Owners 65.13
Renters 34.87
Vacant 28.48

Housing Market Details

 

Age of Homes

AGE OF Fernandina Beach HOMES
2000 or Newer 19.8
1970 - 1999 47.8
1940 - 1969 24.1
1939 or Older 8.3

Types of Homes

TYPE OF Fernandina Beach HOMES
Single-Family 73.4
Townhomes 7.1
Small Apt. Buildings 8.6
Apt. Complexes 10.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Fernandina Beach HOMES
No Bedroom 0.35
1 Bedroom 5.37
2 Bedrooms 21.66
3 Bedrooms 56.20
4 Bedrooms 13.65
5 or more bedrooms 2.79

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Zip Codes in Fernandina Beach, FL