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Santa Rosa Beach, FL Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Santa Rosa Beach, FL Housing Market Trends

With a population of 19,822, 1,834 total housing units (homes and apartments), and a median house value of $783,131, Santa Rosa Beach house prices are not only among the most expensive in Florida, Santa Rosa 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 Santa Rosa Beach, accounting for 67.43% of the town's housing units. Other types of housing that are prevalent in Santa Rosa Beach include large apartment complexes or high rise apartments ( 16.42%), mobile homes or trailers ( 7.56%), and a few row houses and other attached homes ( 4.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Santa Rosa Beach. Owner-occupied housing accounts for 79.63% of Santa Rosa Beach's homes, and 71.62% have either three or four bedrooms, which is average sized relative to America.

Santa Rosa Beach homes and real estate are some of the newest in America. 57.71% of Santa Rosa Beach's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Santa Rosa Beach real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.82%), and between 1940-1969 ( 4.47%).

Vacant housing appears to be an issue in Santa Rosa Beach. Fully 42.06% of the housing stock is classified as vacant. Left unchecked, vacant Santa Rosa Beach homes and apartments can be a drag on the real estate market, holding Santa Rosa 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.

Santa Rosa Beach Home Appreciation Rates

In the last 10 years, Santa Rosa Beach has experienced some of the highest home appreciation rates of any community in the nation. Santa Rosa Beach real estate appreciated 171.60% over the last ten years, which is an average annual home appreciation rate of 10.51%, putting Santa Rosa Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Santa Rosa Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Santa Rosa Beach that despite a nationwide downturn in the housing market, Santa Rosa Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Rosa Beach appreciation rates continue to be some of the highest in America, at 21.94%, which is higher than appreciation rates in 89.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Santa Rosa Beach. Santa Rosa Beach appreciation rates in the latest quarter were at 3.82%, which equates to an annual appreciation rate of 16.19%.

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

Average Home Values

 

Median Home Value:
$783,131

Santa Rosa Beach, FL HOME PRICES

> $1,633,000
$1,224,001 - $1,633,000
$816,001 - $1,224,000
$653,001 - $816,000
$490,001 - $653,000
$327,001 - $490,000
$163,001 - $327,000
$82,001 - $163,000
$0 - $82,000
6.5%
6.5%
9.3%
9.3%
22.7%
22.7%
13.8%
13.8%
21.5%
21.5%
18.4%
18.4%
4.9%
4.9%
2.0%
2.0%
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
1,834

Santa Rosa Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
226.00% 5.39%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,759 / per month

Homeownership Rate

Owners
Renters
Vacant
79.6%
79.6%
20.4%
20.4%
42.1%
42.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
57.7%
57.7%
37.8%
37.8%
4.5%
4.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.4%
67.4%
4.4%
4.4%
4.1%
4.1%
16.4%
16.4%
7.6%
7.6%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
5.3%
5.3%
15.0%
15.0%
51.1%
51.1%
20.5%
20.5%
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Popular Communities Near Santa Rosa Beach, FL

Zip Codes in Santa Rosa Beach, FL