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 14,119, 6,328 total housing units (homes and apartments), and a median house value of $584,203, real estate costs in Destin 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.
Large apartment complexes or high rise apartments are the single most common housing type in Destin, accounting for 53.58% of the city's housing units. Other types of housing that are prevalent in Destin include single-family detached homes ( 34.62%), duplexes, homes converted to apartments or other small apartment buildings ( 5.86%), and a few row houses and other attached homes ( 5.30%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Dwellings in Destin tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 48.88% of the homes in Destin have two or fewer bedrooms.
There is a lot of housing in Destin 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 Destin built between 2000 and later ( 28.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.60%).
A decent proportion of the Destin housing stock is seasonally occupied. That is, homes and condos in Destin 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 Destin housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Destin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.37%, which ranks in the top 30% nationwide. This equates to an annual average Destin house appreciation rate of 7.67%.
Over the last year, Destin appreciation rates have trailed the rest of the nation. In the last twelve months, Destin's appreciation rate has been 0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Destin were at 3.82%, which equates to an annual appreciation rate of 16.18%.
Importantly, this makes Destin 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 Destin's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Destin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Destin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Destin real estate investment or home purchase decisions.
$584,203
for Florida
for nation
6,328
$2,775 / per month