Gulf Breeze, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Gulf Breeze, FL Housing Market Trends

With 6,900 people, 2,804 houses or apartments, and a median cost of homes of $539,445, Gulf Breeze house prices are not only among the most expensive in Florida, Gulf Breeze 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 Gulf Breeze, accounting for 82.90% of the city's housing units. Other types of housing that are prevalent in Gulf Breeze include large apartment complexes or high rise apartments ( 9.90%), row houses and other attached homes ( 2.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gulf Breeze. Owner-occupied housing accounts for 80.22% of Gulf Breeze's homes, and 74.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gulf Breeze 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 Gulf Breeze built between 1940-1969 ( 34.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.88%).

Gulf Breeze Home Appreciation Rates

In the last 10 years, Gulf Breeze has experienced some of the highest home appreciation rates of any community in the nation. Gulf Breeze real estate appreciated 89.44% over the last ten years, which is an average annual home appreciation rate of 6.60%, putting Gulf Breeze in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gulf Breeze definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Gulf Breeze that despite a nationwide downturn in the housing market, Gulf Breeze real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gulf Breeze appreciation rates continue to be some of the highest in America, at 6.80%, which is higher than appreciation rates in 84.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gulf Breeze. Gulf Breeze appreciation rates in the latest quarter were at 1.93%, which equates to an annual appreciation rate of 7.94%.

Relative to Florida, our data show that Gulf Breeze's latest annual appreciation rate is lower than 50% 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 Gulf Breeze differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gulf Breeze - 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 Gulf Breeze real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$539,445

Gulf Breeze, FL HOME PRICES

> $1,280,000
8.3%
8.3%
$960,001 - $1,280,000
6.6%
6.6%
$640,001 - $960,000
18.6%
18.6%
$512,001 - $640,000
14.5%
14.5%
$384,001 - $512,000
9.3%
9.3%
$256,001 - $384,000
30.0%
30.0%
$128,001 - $256,000
10.2%
10.2%
$64,001 - $128,000
2.3%
2.3%
$0 - $64,000
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
2,804

Gulf Breeze Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
157.14% 4.60%
8
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,899 / per month

Homeownership Rate

Owners
80.2%
80.2%
Renters
19.8%
19.8%
Vacant
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
11.9%
11.9%
1970 - 1999
54.0%
54.0%
1940 - 1969
34.2%
34.2%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
82.9%
82.9%
Townhomes
2.9%
2.9%
Small Apt. Buildings
2.6%
2.6%
Apt. Complexes
9.9%
9.9%
Mobile Homes
0.9%
0.9%
Other
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
0.7%
0.7%
2 Bedrooms
14.6%
14.6%
3 Bedrooms
43.2%
43.2%
4 Bedrooms
31.3%
31.3%
5 or more bedrooms
9.5%
9.5%
0.0% 100.0%
% OF HOMES

Popular Communities Near Gulf Breeze, FL

Zip Codes in Gulf Breeze, FL