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
With 21,512 people, 10,392 houses or apartments, and a median cost of homes of $971,160, Naples house prices are not only among the most expensive in Florida, Naples real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Naples, accounting for 56.85% of the city's housing units. Other types of housing that are prevalent in Naples include single-family detached homes ( 32.23%), duplexes, homes converted to apartments or other small apartment buildings ( 7.29%), and a few row houses and other attached homes ( 2.80%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Dwellings in Naples tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.21% of the homes in Naples have two or fewer bedrooms.
There is a lot of housing in Naples 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 Naples built between 1940-1969 ( 20.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.56%).
A decent proportion of the Naples housing stock is seasonally occupied. That is, homes and condos in Naples 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 Naples housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Naples have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.16%, which ranks in the top 50% nationwide. This equates to an annual average Naples house appreciation rate of 0.12%.
NeighborhoodScout's data show that during the latest twelve months, Naples's appreciation rate, at 3.79%, has been at or slightly above the national average. In the latest quarter, Naples's appreciation rate has been 2.40%, which annualizes to a rate of 9.97%.
Importantly, this makes Naples 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 Naples's latest annual appreciation rate is lower 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 Naples differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Naples - 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 Naples real estate investment or home purchase decisions.
|$1,052,001 - $1,403,000||9.9|
|$702,001 - $1,052,000||14.6|
|$561,001 - $702,000||8.1|
|$421,001 - $561,000||12.2|
|$281,001 - $421,000||10.7|
|$140,001 - $281,000||5.8|
|$70,001 - $140,000||1.6|
|$0 - $70,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Naples HOMES|
|2000 or Newer||13.6|
|1970 - 1999||65.7|
|1940 - 1969||20.2|
|1939 or Older||0.5|
|TYPE OF Naples HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Naples HOMES|
|5 or more bedrooms||4.16|