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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 13,787 people, 3,811 houses or apartments, and a median cost of homes of $465,002, 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 67.47% 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 ( 20.81%), duplexes, homes converted to apartments or other small apartment buildings ( 4.51%), and a few mobile homes or trailers ( 3.75%).
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 70.64% of Santa Rosa Beach's homes, and 66.52% 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. 60.12% 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 ( 33.32%), and between 1940-1969 ( 6.49%).
A decent proportion of the Santa Rosa Beach housing stock is seasonally occupied. That is, homes and condos in Santa Rosa Beach 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 Santa Rosa Beach housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Santa Rosa Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 25.21%, which ranks in the top 30% nationwide. This equates to an annual average Santa Rosa Beach house appreciation rate of 2.27%.
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 8.15%, which is higher than appreciation rates in 82.99% 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 -0.64%, which equates to an annual appreciation rate of -2.54%.
Notably, Santa Rosa Beach's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Santa Rosa Beach's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
|$937,001 - $1,249,000||5.0|
|$624,001 - $937,000||22.8|
|$500,001 - $624,000||13.5|
|$375,001 - $500,000||13.0|
|$250,001 - $375,000||21.2|
|$125,001 - $250,000||12.6|
|$62,001 - $125,000||2.9|
|$0 - $62,000||2.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Santa Rosa Beach HOMES|
|2000 or Newer||60.1|
|1970 - 1999||33.3|
|1940 - 1969||6.5|
|1939 or Older||0.1|
|TYPE OF Santa Rosa Beach HOMES|
|Small Apt. Buildings||4.5|
|SIZE OF Santa Rosa Beach HOMES|
|5 or more bedrooms||4.57|