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 6,659 people, 2,668 houses or apartments, and a median cost of homes of $724,040, Gulf Breeze house prices are not only among the most expensive in Florida, Gulf Breeze 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 Gulf Breeze, accounting for 69.70% of the city's housing units. Other types of housing that are prevalent in Gulf Breeze include large apartment complexes or high rise apartments ( 20.47%), duplexes, homes converted to apartments or other small apartment buildings ( 7.10%), and a few row houses and other attached homes ( 1.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gulf Breeze. Owner-occupied housing accounts for 76.96% of Gulf Breeze's homes, and 61.35% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gulf Breeze's housing was primarily built during this period, from the '40s through the '60s. A full 42.46% of the city's housing hails from this era. Other housing ages represented in Gulf Breeze include homes built between 1970-1999 ( 40.64%) and housing constructed between 2000 and later ( 16.90%).
Vacant housing appears to be an issue in Gulf Breeze. Fully 10.17% of the housing stock is classified as vacant. Left unchecked, vacant Gulf Breeze homes and apartments can be a drag on the real estate market, holding Gulf Breeze 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.
In the last 10 years, Gulf Breeze has experienced some of the highest home appreciation rates of any community in the nation. Gulf Breeze real estate appreciated 119.23% over the last ten years, which is an average annual home appreciation rate of 8.17%, putting Gulf Breeze in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gulf Breeze definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Gulf Breeze's appreciation rate, at 6.08%, has been at or slightly above the national average. In the latest quarter, Gulf Breeze's appreciation rate has been 4.17%, which annualizes to a rate of 17.73%.
Importantly, this makes Gulf Breeze 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 Gulf Breeze's latest annual appreciation rate is higher than 50% 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 Gulf Breeze differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gulf Breeze - 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 Gulf Breeze real estate investment or home purchase decisions.
$724,040
for Florida
for nation
2,668
$2,477 / per month