Satellite 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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Satellite Beach, FL Housing Market Trends

With a population of 11,130, 4,077 total housing units (homes and apartments), and a median house value of $386,261, real estate costs in Satellite Beach are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Satellite Beach, accounting for 69.28% of the city's housing units. Other types of housing that are prevalent in Satellite Beach include row houses and other attached homes ( 11.13%), large apartment complexes or high rise apartments ( 10.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Satellite Beach. Owner-occupied housing accounts for 79.76% of Satellite Beach's homes, and 75.68% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Satellite Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Satellite Beach built between 1940-1969 ( 35.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.34%).

Vacant housing appears to be an issue in Satellite Beach. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant Satellite Beach homes and apartments can be a drag on the real estate market, holding Satellite 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.

Satellite Beach Home Appreciation Rates

In the last 10 years, Satellite Beach has experienced some of the highest home appreciation rates of any community in the nation. Satellite Beach real estate appreciated 105.01% over the last ten years, which is an average annual home appreciation rate of 7.44%, putting Satellite Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Satellite 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 Satellite Beach that despite a nationwide downturn in the housing market, Satellite Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Satellite Beach appreciation rates continue to be some of the highest in America, at 7.12%, which is higher than appreciation rates in 88.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Satellite Beach. Satellite Beach appreciation rates in the latest quarter were at 1.48%, which equates to an annual appreciation rate of 6.04%.

Notably, Satellite Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Satellite Beach's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 
info

Median Home Value:
$386,261

Satellite Beach, FL HOME PRICES

> $1,242,000
0.8%
0.8%
$931,001 - $1,242,000
1.5%
1.5%
$621,001 - $931,000
4.7%
4.7%
$497,001 - $621,000
7.5%
7.5%
$373,001 - $497,000
34.3%
34.3%
$248,001 - $373,000
34.0%
34.0%
$124,001 - $248,000
13.9%
13.9%
$62,001 - $124,000
1.1%
1.1%
$0 - $62,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
4,077

Satellite Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
169.35% 4.83%
9
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,176 / per month

Homeownership Rate

Owners
79.8%
79.8%
Renters
20.2%
20.2%
Vacant
11.9%
11.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
14.3%
14.3%
1970 - 1999
49.8%
49.8%
1940 - 1969
35.8%
35.8%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.3%
69.3%
Townhomes
11.1%
11.1%
Small Apt. Buildings
8.4%
8.4%
Apt. Complexes
11.0%
11.0%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
2.5%
2.5%
2 Bedrooms
20.1%
20.1%
3 Bedrooms
48.1%
48.1%
4 Bedrooms
27.6%
27.6%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES