Flagler Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Flagler 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

Flagler Beach Housing Market Information

With 4,869 people, 2,057 houses or apartments, and a median cost of homes of $349,254, real estate costs in Flagler 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 Flagler Beach, accounting for 62.94% of the city's housing units. Other types of housing that are prevalent in Flagler Beach include large apartment complexes or high rise apartments ( 22.08%), row houses and other attached homes ( 13.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.48%).

Dwellings in Flagler Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.30% of the homes in Flagler Beach have two or fewer bedrooms.

There is a lot of housing in Flagler 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 Flagler Beach built between 2000 and later ( 12.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.43%).

A decent proportion of the Flagler Beach housing stock is seasonally occupied. That is, homes and condos in Flagler 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 Flagler Beach housing market speaks to its popularity as a vacation location of choice.

Flagler Beach Home Appreciation Rates

Flagler Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Flagler Beach during the period has been just -1.09%, which is lower than 70% of US communities.

Appreciation rates are so strong in Flagler Beach that despite a nationwide downturn in the housing market, Flagler Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Flagler Beach appreciation rates continue to be some of the highest in America, at 13.16%, which is higher than appreciation rates in 98.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Flagler Beach. Flagler Beach appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.06%.

Importantly, this makes Flagler 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 Flagler Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$349,254

Flagler Beach, FL HOME PRICES

Value Range
> $1,420,000 1.2
$1,065,001 - $1,420,000 2.1
$710,001 - $1,065,000 8.7
$568,001 - $710,000 14.4
$426,001 - $568,000 13.9
$284,001 - $426,000 19.5
$142,001 - $284,000 29.6
$71,001 - $142,000 6.9
$0 - $71,000 3.8

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
12.2407125278331 21.7948717948718

Number Of Homes And Apartments:
2,057

Flagler 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
119.12% 4.65% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,364 / per month

Homeownership Rate

Homeownership
Owners 72.44
Renters 27.56
Vacant 44.56

Housing Market Details

 

Age of Homes

AGE OF Flagler Beach HOMES
2000 or Newer 12.4
1970 - 1999 76.8
1940 - 1969 10.4
1939 or Older 0.4

Types of Homes

TYPE OF Flagler Beach HOMES
Single-Family 62.9
Townhomes 13.5
Small Apt. Buildings 1.5
Apt. Complexes 22.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Flagler Beach HOMES
No Bedroom 1.32
1 Bedroom 4.74
2 Bedrooms 53.23
3 Bedrooms 31.99
4 Bedrooms 8.52
5 or more bedrooms 0.19

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