Santa Rosa Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Santa Rosa Beach, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Santa Rosa Beach Housing Market Information

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.

Santa Rosa Beach Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$465,002

Santa Rosa Beach, FL HOME PRICES

Value Range
> $1,249,000 6.5
$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

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
8.16934306569343 13.4042553191489

Number Of Homes And Apartments:
3,811

Santa Rosa Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q1
100.73% 3.69%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,733 / per month

Homeownership Rate

Homeownership
Owners 70.64
Renters 29.36
Vacant 57.10

Housing Market Details

 

Age of Homes

AGE OF Santa Rosa Beach HOMES
2000 or Newer 60.1
1970 - 1999 33.3
1940 - 1969 6.5
1939 or Older 0.1

Types of Homes

TYPE OF Santa Rosa Beach HOMES
Single-Family 67.5
Townhomes 3.4
Small Apt. Buildings 4.5
Apt. Complexes 20.8
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Santa Rosa Beach HOMES
No Bedroom 1.40
1 Bedroom 7.05
2 Bedrooms 20.45
3 Bedrooms 44.84
4 Bedrooms 21.68
5 or more bedrooms 4.57

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Zip Codes in Santa Rosa Beach, FL