Neptune Beach, FL


Highest Appreciating Neptune Beach Neighborhoods Since 2000

Neptune Beach, 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

Neptune Beach Housing Market Information

With a population of 7,269, 2,948 total housing units (homes and apartments), and a median house value of $448,415, Neptune Beach house prices are not only among the most expensive in Florida, Neptune Beach 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 Neptune Beach, accounting for 60.51% of the city's housing units. Other types of housing that are prevalent in Neptune Beach include duplexes, homes converted to apartments or other small apartment buildings ( 21.35%), row houses and other attached homes ( 11.84%), and a few large apartment complexes or high rise apartments ( 6.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Neptune Beach. Owner-occupied housing accounts for 66.18% of Neptune Beach's homes, and 57.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Neptune Beach 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 Neptune Beach built between 1940-1969 ( 39.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.89%). There's also some housing in Neptune Beach built before 1939 ( 2.90%).

Vacant housing appears to be an issue in Neptune Beach. Fully 18.47% of the housing stock is classified as vacant. Left unchecked, vacant Neptune Beach homes and apartments can be a drag on the real estate market, holding Neptune Beach 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.

Neptune Beach Home Appreciation Rates

Real estate appreciation rates in Neptune Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.45% during the period.

Appreciation rates are so strong in Neptune Beach that despite a nationwide downturn in the housing market, Neptune Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Neptune Beach appreciation rates continue to be some of the highest in America, at 9.45%, which is higher than appreciation rates in 92.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Neptune Beach. Neptune Beach appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.03%.

Importantly, this makes Neptune Beach 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 Neptune Beach's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values


Median Home Value:

Neptune Beach, FL HOME PRICES

Value Range
> $1,308,000 2.4
$981,001 - $1,308,000 6.0
$654,001 - $981,000 6.0
$523,001 - $654,000 14.0
$392,001 - $523,000 26.1
$261,001 - $392,000 33.0
$131,001 - $261,000 9.7
$66,001 - $131,000 1.5
$0 - $66,000 1.4

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
7.47099496074065 12.8205128205128

Number Of Homes And Apartments:

Neptune Beach Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
100.26% 4.11% 8 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,443 / per month

Homeownership Rate

Owners 66.18
Renters 33.82
Vacant 18.47

Housing Market Details


Age of Homes

AGE OF Neptune Beach HOMES
2000 or Newer 6.9
1970 - 1999 50.8
1940 - 1969 39.4
1939 or Older 2.9

Types of Homes

TYPE OF Neptune Beach HOMES
Single-Family 60.5
Townhomes 11.8
Small Apt. Buildings 21.3
Apt. Complexes 6.1
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Neptune Beach HOMES
No Bedroom 4.31
1 Bedroom 7.69
2 Bedrooms 27.52
3 Bedrooms 42.59
4 Bedrooms 14.82
5 or more bedrooms 3.07

Popular Neighborhoods in Neptune Beach

Zip Codes in Neptune Beach, FL