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 about Scout's Real Estate Data
With a population of 3,971, 2,045 total housing units (homes and apartments), and a median house value of $293,543, Naples real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Naples, accounting for 78.34% of the town's housing units. Other types of housing that are prevalent in Naples include mobile homes or trailers ( 14.55%), row houses and other attached homes ( 2.66%), and a few large apartment complexes or high rise apartments ( 2.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Naples. Owner-occupied housing accounts for 91.18% of Naples's homes, and 58.07% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Naples 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 Naples built between 2000 and later ( 31.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.19%). There's also some housing in Naples built before 1939 ( 5.92%).
A decent proportion of the Naples housing stock is seasonally occupied. That is, homes and condos in Naples 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 Naples housing market speaks to its popularity as a vacation location of choice.
Real estate appreciation rates in Naples's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.
Appreciation rates are so strong in Naples that despite a nationwide downturn in the housing market, Naples real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Naples appreciation rates continue to be some of the highest in America, at 11.61%, which is higher than appreciation rates in 98.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Naples. Naples appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 15.16%.
Importantly, this makes Naples 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 Maine, our data show that Naples's latest annual appreciation rate is higher than 70% of the other cities and towns in Maine.
$293,543
for Maine
for nation
2,045
$2,547 / per month