Gulf Breeze, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gulf Breeze Neighborhoods Since 2000




Gulf Breeze, 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

Gulf Breeze Housing Market Information

With a population of 6,323, 2,366 total housing units (homes and apartments), and a median house value of $439,333, 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 79.20% of the city's housing units. Other types of housing that are prevalent in Gulf Breeze include large apartment complexes or high rise apartments ( 12.90%), duplexes, homes converted to apartments or other small apartment buildings ( 5.12%), and a few row houses and other attached homes ( 2.23%).

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 70.34% of Gulf Breeze's homes, and 69.12% 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 ( 35.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.20%).

Gulf Breeze Home Appreciation Rates

Real estate appreciation rates in Gulf Breeze's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

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 7.86%, which is higher than appreciation rates in 86.05% 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 1.03%, which equates to an annual appreciation rate of 4.17%.

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

 

Median Home Value:
$439,333

Gulf Breeze, FL HOME PRICES

Value Range
> $1,231,000 5.7
$924,001 - $1,231,000 7.6
$616,001 - $924,000 16.1
$493,001 - $616,000 8.8
$369,001 - $493,000 9.3
$246,001 - $369,000 22.8
$123,001 - $246,000 24.2
$62,001 - $123,000 2.7
$0 - $62,000 2.8

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
7.74639634360717 13.8888888888889

Number Of Homes And Apartments:
2,366

Gulf Breeze 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
88.96% 3.76% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,512 / per month

Homeownership Rate

Homeownership
Owners 70.34
Renters 29.66
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Gulf Breeze HOMES
2000 or Newer 5.2
1970 - 1999 59.8
1940 - 1969 35.0
1939 or Older 0.0

Types of Homes

TYPE OF Gulf Breeze HOMES
Single-Family 79.2
Townhomes 2.2
Small Apt. Buildings 5.1
Apt. Complexes 12.9
Mobile Homes 0.0
Other 0.5

Home Size

SIZE OF Gulf Breeze HOMES
No Bedroom 0.00
1 Bedroom 2.58
2 Bedrooms 19.12
3 Bedrooms 40.73
4 Bedrooms 28.38
5 or more bedrooms 9.19

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Zip Codes in Gulf Breeze, FL