Navarre, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Navarre, FL Real Estate Data


Navarre Housing Market Information

With a population of 33,928, 11,962 total housing units (homes and apartments), and a median house value of $235,137, Navarre real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Navarre, accounting for 78.47% of the town's housing units. Other types of housing that are prevalent in Navarre include mobile homes or trailers ( 9.68%), duplexes, homes converted to apartments or other small apartment buildings ( 5.17%), and a few large apartment complexes or high rise apartments ( 4.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Navarre. Owner-occupied housing accounts for 67.10% of Navarre's homes, and 83.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Navarre 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 Navarre built between 2000 and later ( 39.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.55%).

Vacant housing appears to be an issue in Navarre. Fully 11.01% of the housing stock is classified as vacant. Left unchecked, vacant Navarre homes and apartments can be a drag on the real estate market, holding Navarre 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.

Navarre Home Appreciation Rates

Navarre's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Navarre during the period has been just -1.95%, which is lower than 80% of US communities.

Appreciation rates are so strong in Navarre that despite a nationwide downturn in the housing market, Navarre real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Navarre appreciation rates continue to be some of the highest in America, at 8.67%, which is higher than appreciation rates in 94.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Navarre. Navarre appreciation rates in the latest quarter were at 2.37%, which equates to an annual appreciation rate of 9.82%.

Relative to Florida, our data show that Navarre's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$235,137

Navarre, FL HOME PRICES

Value Range
> $1,196,000 0.5
$897,001 - $1,196,000 0.4
$598,001 - $897,000 2.0
$478,001 - $598,000 2.3
$359,001 - $478,000 9.3
$239,001 - $359,000 33.9
$120,001 - $239,000 38.8
$60,001 - $120,000 7.8
$0 - $60,000 5.0

High for FL
High for Nation

Value Relative to Nation Value Relative to State
25.5724073314985 38.4615384615385

Number Of Homes And Apartments:
11,962

Rent & Ownership

 

Average Market Rent:
$1,551 / per month

Homeownership Rate

Homeownership
Owners 67.10
Renters 32.90
Vacant 11.01

Housing Market Details

 

Age of Homes

AGE OF Navarre HOMES
2000 or Newer 39.4
1970 - 1999 57.0
1940 - 1969 3.5
1939 or Older 0.1

Types of Homes

TYPE OF Navarre HOMES
Single-Family 78.5
Townhomes 2.2
Small Apt. Buildings 5.2
Apt. Complexes 4.5
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Navarre HOMES
No Bedroom 1.44
1 Bedroom 2.95
2 Bedrooms 11.00
3 Bedrooms 46.72
4 Bedrooms 36.68
5 or more bedrooms 1.21

Navarre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
54.08% 2.58% 3 7
* 10 is highest

Zip Codes in Navarre, FL