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 about Scout's Real Estate Data
With a population of 5,265, 2,481 total housing units (homes and apartments), and a median house value of $603,184, Flagler Beach house prices are not only among the most expensive in Florida, Flagler Beach real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Flagler Beach, accounting for 66.52% of the city's housing units. Other types of housing that are prevalent in Flagler Beach include row houses and other attached homes ( 14.12%), large apartment complexes or high rise apartments ( 12.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.14%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Flagler Beach. Owner-occupied housing accounts for 77.11% of Flagler Beach's homes, and 49.50% have either three or four bedrooms, which is average sized relative to America.
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 ( 19.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.88%).
Vacant housing appears to be an issue in Flagler Beach. Fully 31.46% of the housing stock is classified as vacant. Left unchecked, vacant Flagler Beach homes and apartments can be a drag on the real estate market, holding Flagler 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.
In the last 10 years, Flagler Beach has experienced some of the highest home appreciation rates of any community in the nation. Flagler Beach real estate appreciated 168.04% over the last ten years, which is an average annual home appreciation rate of 10.36%, putting Flagler Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Flagler Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Flagler Beach's appreciation rate, at 6.09%, has been at or slightly above the national average. In the latest quarter, Flagler Beach's appreciation rate has been 0.68%, which annualizes to a rate of 2.77%.
Notably, Flagler Beach's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Flagler Beach's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
$1,955 / per month