Navarre, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Navarre, 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

Navarre Housing Market Information

With a population of 33,928, 12,195 total housing units (homes and apartments), and a median house value of $214,046, 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 78.99% of the town's housing units. Other types of housing that are prevalent in Navarre include mobile homes or trailers ( 11.01%), duplexes, homes converted to apartments or other small apartment buildings ( 3.90%), and a few large apartment complexes or high rise apartments ( 3.87%).

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 69.03% of Navarre's homes, and 84.32% 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 ( 41.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.20%).

Vacant housing appears to be an issue in Navarre. Fully 11.52% 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 -1.86%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Navarre's appreciation rate, at 4.73%, has been at or slightly above the national average. In the latest quarter, Navarre's appreciation rate has been 1.03%, which annualizes to a rate of 4.17%.

Relative to Florida, our data show that Navarre's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$214,046

Navarre, FL HOME PRICES

Value Range
> $1,147,000 0.4
$860,001 - $1,147,000 0.5
$573,001 - $860,000 1.6
$459,001 - $573,000 2.1
$344,001 - $459,000 10.8
$229,001 - $344,000 31.4
$115,001 - $229,000 38.3
$57,001 - $115,000 10.1
$0 - $57,000 4.8

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
28.9523028243291 40.8119658119658

Number Of Homes And Apartments:
12,195

Navarre 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
49.70% 2.37% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,585 / per month

Homeownership Rate

Homeownership
Owners 69.03
Renters 30.97
Vacant 11.52

Housing Market Details

 

Age of Homes

AGE OF Navarre HOMES
2000 or Newer 41.4
1970 - 1999 55.3
1940 - 1969 3.2
1939 or Older 0.1

Types of Homes

TYPE OF Navarre HOMES
Single-Family 79.0
Townhomes 2.2
Small Apt. Buildings 3.9
Apt. Complexes 3.9
Mobile Homes 11.0
Other 0.0

Home Size

SIZE OF Navarre HOMES
No Bedroom 1.70
1 Bedroom 2.00
2 Bedrooms 10.47
3 Bedrooms 45.90
4 Bedrooms 38.42
5 or more bedrooms 1.51

Zip Codes in Navarre, FL