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 12,847 people, 3,562 houses or apartments, and a median cost of homes of $377,914, 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 69.25% 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 ( 19.65%), mobile homes or trailers ( 4.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.46%).
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 67.05% of Santa Rosa Beach's homes, and 67.81% 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. 58.24% 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 ( 36.08%), and between 1940-1969 ( 5.30%).
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.
Homes have actually lost value in Santa Rosa Beach over the last then years, as home values have seen a decline of 21.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Santa Rosa Beach home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.41%.
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 8.10%, which is higher than appreciation rates in 87.22% 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 2.04%, which equates to an annual appreciation rate of 8.41%.
Importantly, this makes Santa Rosa Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Santa Rosa Beach's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.
|$932,001 - $1,243,000||4.0|
|$621,001 - $932,000||15.9|
|$497,001 - $621,000||11.1|
|$373,001 - $497,000||11.1|
|$249,001 - $373,000||19.6|
|$124,001 - $249,000||22.9|
|$62,001 - $124,000||5.6|
|$0 - $62,000||4.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Santa Rosa Beach HOMES|
|2000 or Newer||58.2|
|1970 - 1999||36.1|
|1940 - 1969||5.3|
|1939 or Older||0.4|
|TYPE OF Santa Rosa Beach HOMES|
|Small Apt. Buildings||3.5|
|SIZE OF Santa Rosa Beach HOMES|
|5 or more bedrooms||3.91|