Satellite Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Satellite Beach Neighborhoods Since 2000




Satellite 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Satellite Beach Housing Market Information

With 10,633 people, 4,020 houses or apartments, and a median cost of homes of $342,872, 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 69.12% of the city's housing units. Other types of housing that are prevalent in Satellite Beach include large apartment complexes or high rise apartments ( 14.81%), row houses and other attached homes ( 9.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.20%).

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 76.41% of Satellite Beach's homes, and 76.15% 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 ( 34.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.42%).

Vacant housing appears to be an issue in Satellite Beach. Fully 16.63% 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

Appreciation rates for homes in Satellite 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 1.49%, which ranks in the top 50% nationwide. This equates to an annual average Satellite Beach house appreciation rate of 0.15%.

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 13.88%, which is higher than appreciation rates in 98.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Satellite Beach. Satellite Beach appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.60%.

Importantly, this makes Satellite Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Satellite Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$342,872

Satellite Beach, FL HOME PRICES

Value Range
> $1,457,000 0.6
$1,093,001 - $1,457,000 0.1
$729,001 - $1,093,000 1.4
$583,001 - $729,000 6.6
$437,001 - $583,000 9.4
$291,001 - $437,000 43.6
$146,001 - $291,000 31.4
$73,001 - $146,000 3.4
$0 - $73,000 3.5

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
12.6919020274229 22.8632478632479

Number Of Homes And Apartments:
4,020

Satellite Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
120.23% 4.68% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,547 / per month

Homeownership Rate

Homeownership
Owners 76.41
Renters 23.59
Vacant 16.63

Housing Market Details

 

Age of Homes

AGE OF Satellite Beach HOMES
2000 or Newer 9.4
1970 - 1999 56.0
1940 - 1969 34.3
1939 or Older 0.2

Types of Homes

TYPE OF Satellite Beach HOMES
Single-Family 69.1
Townhomes 9.8
Small Apt. Buildings 6.2
Apt. Complexes 14.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Satellite Beach HOMES
No Bedroom 0.25
1 Bedroom 2.05
2 Bedrooms 19.29
3 Bedrooms 50.44
4 Bedrooms 25.72
5 or more bedrooms 2.26