Naples, 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

Naples, FL Housing Market Trends

With a population of 22,088, 10,797 total housing units (homes and apartments), and a median house value of $1,050,171, 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 58.50% of the city's housing units. Other types of housing that are prevalent in Naples include single-family detached homes ( 31.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.53%), and a few row houses and other attached homes ( 2.34%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Dwellings in Naples tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.02% 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 ( 20.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.65%).

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.

Naples Home Appreciation Rates

In the last 10 years, Naples has experienced some of the highest home appreciation rates of any community in the nation. Naples real estate appreciated 100.52% over the last ten years, which is an average annual home appreciation rate of 7.21%, putting Naples in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Naples 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, Naples's appreciation rate, at 5.39%, has been at or slightly above the national average. In the latest quarter, Naples's appreciation rate has been 1.77%, which annualizes to a rate of 7.29%.

Relative to Florida, our data show that Naples's latest annual appreciation rate is lower than 90% 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.

Average Home Values

 

Median Home Value:
$1,050,171

Naples, FL HOME PRICES

> $1,131,000
45.6%
45.6%
$848,001 - $1,131,000
11.0%
11.0%
$565,001 - $848,000
12.2%
12.2%
$452,001 - $565,000
9.6%
9.6%
$339,001 - $452,000
8.2%
8.2%
$226,001 - $339,000
8.4%
8.4%
$113,001 - $226,000
2.6%
2.6%
$57,001 - $113,000
0.9%
0.9%
$0 - $57,000
1.5%
1.5%
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:
10,797

Naples 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
161.22% 4.68%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,825 / per month

Homeownership Rate

Owners
77.1%
77.1%
Renters
22.9%
22.9%
Vacant
45.9%
45.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.6%
16.6%
1970 - 1999
62.0%
62.0%
1940 - 1969
20.5%
20.5%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
31.9%
31.9%
Townhomes
2.3%
2.3%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
58.5%
58.5%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
6.6%
6.6%
2 Bedrooms
46.8%
46.8%
3 Bedrooms
29.7%
29.7%
4 Bedrooms
11.5%
11.5%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES