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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Santa Rosa Beach Housing Market Information

With a population of 14,393, 4,058 total housing units (homes and apartments), and a median house value of $483,976, 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 64.77% 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 ( 22.05%), duplexes, homes converted to apartments or other small apartment buildings ( 4.78%), and a few mobile homes or trailers ( 4.53%).

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 77.43% of Santa Rosa Beach's homes, and 68.00% 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. 59.91% 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 ( 33.73%), and between 1940-1969 ( 6.29%).

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

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 73.93% over the last ten years, which is an average annual home appreciation rate of 5.69%, 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 7.67%, which is higher than appreciation rates in 93.42% 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 1.42%, which equates to an annual appreciation rate of 5.81%.

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 higher than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$483,976

Santa Rosa Beach, FL HOME PRICES

Value Range
> $1,311,000 6.5
$984,001 - $1,311,000 4.6
$656,001 - $984,000 24.3
$525,001 - $656,000 13.1
$394,001 - $525,000 13.9
$262,001 - $394,000 23.9
$131,001 - $262,000 9.3
$65,001 - $131,000 3.4
$0 - $65,000 1.1

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
8.33284671532847 13.6170212765957

Number Of Homes And Apartments:
4,058

Santa Rosa Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
125.03% 4.04%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,891 / per month

Homeownership Rate

Homeownership
Owners 77.43
Renters 22.57
Vacant 56.21

Housing Market Details

 

Age of Homes

AGE OF Santa Rosa Beach HOMES
2000 or Newer 59.9
1970 - 1999 33.7
1940 - 1969 6.3
1939 or Older 0.1

Types of Homes

TYPE OF Santa Rosa Beach HOMES
Single-Family 64.8
Townhomes 3.8
Small Apt. Buildings 4.8
Apt. Complexes 22.0
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Santa Rosa Beach HOMES
No Bedroom 1.44
1 Bedroom 6.07
2 Bedrooms 19.39
3 Bedrooms 45.58
4 Bedrooms 22.42
5 or more bedrooms 5.11

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Zip Codes in Santa Rosa Beach, FL