Laguna Beach median real estate price is $195,535, which is more expensive than 49.3% of the neighborhoods in Florida and 52.1% of the neighborhoods in the U.S.
The average rental price in Laguna Beach is currently $1,131, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.1% of Florida neighborhoods.
Laguna Beach is a suburban neighborhood (based on population density) located in Panama City Beach, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Laguna Beach real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Laguna Beach neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Laguna Beach. The current real estate vacancy rate here is 70.4%. This is higher than the rate of vacancies in 99.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (50.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.