Neptune Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Neptune Beach, FL Real Estate Data


Neptune Beach Housing Market Information

With 7,269 people, 2,925 houses or apartments, and a median cost of homes of $429,244, 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 61.29% 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 ( 21.96%), row houses and other attached homes ( 9.85%), and a few large apartment complexes or high rise apartments ( 6.71%).

The most prevalent building size and type in Neptune Beach are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.85% owning and 35.15% renting.

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 ( 36.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.91%). There's also some housing in Neptune Beach built before 1939 ( 5.15%).

Vacant housing appears to be an issue in Neptune Beach. Fully 17.23% 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 -0.39% 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 12.19%, which is higher than appreciation rates in 99.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Neptune Beach. Neptune Beach appreciation rates in the latest quarter were at 5.32%, which equates to an annual appreciation rate of 23.03%.

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 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$429,244

Neptune Beach, FL HOME PRICES

Value Range
> $1,372,000 2.8
$1,029,001 - $1,372,000 3.9
$686,001 - $1,029,000 8.8
$549,001 - $686,000 12.0
$412,001 - $549,000 24.0
$275,001 - $412,000 34.4
$138,001 - $275,000 10.3
$68,001 - $138,000 1.3
$0 - $68,000 2.6

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
8.37969198336944 14.7435897435897

Number Of Homes And Apartments:
2,925

Rent & Ownership

 

Average Market Rent:
$1,810 / per month

Homeownership Rate

Homeownership
Owners 64.85
Renters 35.15
Vacant 17.23

Housing Market Details

 

Age of Homes

AGE OF Neptune Beach HOMES
2000 or Newer 5.9
1970 - 1999 52.6
1940 - 1969 36.4
1939 or Older 5.1

Types of Homes

TYPE OF Neptune Beach HOMES
Single-Family 61.3
Townhomes 9.8
Small Apt. Buildings 22.0
Apt. Complexes 6.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Neptune Beach HOMES
No Bedroom 4.10
1 Bedroom 7.84
2 Bedrooms 30.28
3 Bedrooms 37.69
4 Bedrooms 16.75
5 or more bedrooms 3.34

Neptune Beach 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
99.00% 4.13% 8 10
* 10 is highest

Popular Neighborhoods in Neptune Beach

Zip Codes in Neptune Beach, FL