Sanibel, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sanibel, 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

Sanibel Housing Market Information

With a population of 7,236, 3,487 total housing units (homes and apartments), and a median house value of $896,617, Sanibel house prices are not only among the most expensive in Florida, Sanibel 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 Sanibel, accounting for 48.64% of the city's housing units. Other types of housing that are prevalent in Sanibel include large apartment complexes or high rise apartments ( 38.61%), duplexes, homes converted to apartments or other small apartment buildings ( 6.02%), and a few row houses and other attached homes ( 4.28%).

Dwellings in Sanibel tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.78% of the homes in Sanibel have two or fewer bedrooms.

There is a lot of housing in Sanibel 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 Sanibel built between 2000 and later ( 7.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.59%).

A decent proportion of the Sanibel housing stock is seasonally occupied. That is, homes and condos in Sanibel are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Sanibel housing market speaks to its popularity as a vacation location of choice.

Sanibel Home Appreciation Rates

Appreciation rates for homes in Sanibel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.32%, which ranks in the top 30% nationwide. This equates to an annual average Sanibel house appreciation rate of 0.99%.

Appreciation rates are so strong in Sanibel that despite a nationwide downturn in the housing market, Sanibel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sanibel appreciation rates continue to be some of the highest in America, at 12.26%, which is higher than appreciation rates in 97.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sanibel. Sanibel appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.80%.

Importantly, this makes Sanibel 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 Sanibel's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$896,617

Sanibel, FL HOME PRICES

Value Range
> $1,262,000 23.1
$947,001 - $1,262,000 16.0
$631,001 - $947,000 32.3
$505,001 - $631,000 10.1
$378,001 - $505,000 5.9
$252,001 - $378,000 4.7
$126,001 - $252,000 4.9
$63,001 - $126,000 1.4
$0 - $63,000 1.6

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
1.44146255713114 2.35042735042735

Number Of Homes And Apartments:
3,487

Sanibel 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
90.45% 3.81% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,567 / per month

Homeownership Rate

Homeownership
Owners 86.36
Renters 13.64
Vacant 59.19

Housing Market Details

 

Age of Homes

AGE OF Sanibel HOMES
2000 or Newer 7.7
1970 - 1999 87.4
1940 - 1969 4.6
1939 or Older 0.4

Types of Homes

TYPE OF Sanibel HOMES
Single-Family 48.6
Townhomes 4.3
Small Apt. Buildings 6.0
Apt. Complexes 38.6
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Sanibel HOMES
No Bedroom 1.17
1 Bedroom 7.81
2 Bedrooms 45.80
3 Bedrooms 34.49
4 Bedrooms 8.64
5 or more bedrooms 2.09

Popular Neighborhoods in Sanibel

Zip Codes in Sanibel, FL