Introduction
Gulf Breeze, Florida, is a vibrant coastal city known for its beautiful beaches, pleasant climate, and thriving Airbnb rental market. In this blog post, we will delve into the various aspects of the short-term rental market in Gulf Breeze, including market trends, regulations, and key data points. We will also address some common questions about the city, such as its demographics, climate, popular attractions, and peak seasons. So let’s dive in!
Market Overview
To understand the dynamics of the short-term rental market in Gulf Breeze, let’s delve into some key statistics and figures.
Supply
AS of October 2024, the most popular homes are 2-bedroom homes, comprising 26.36% of inventory. This is followed by 1 and 3-bedroom homes at 20.60% and 20.32% of the total inventory, respectively.
Homes Appreciation
As of October 2024, according to Zillow, homes in Gulf Breeze experienced an appreciation of 1.25%. This data indicates a significant increase in property values.
Median Home Value
As of October of 2024, Homes in Gulf Breeze have appreciated by 1.25%. The median home value in Gulf Breeze is $489,657 as reported by Zillow. This figure highlights the city’s robust real estate market and the potential for long-term property appreciation.
Active Short Term Rentals
As of October 2024, Gulf Breeze boasts a significant Airbnb rental market, with approximately 61 active rentals. This abundance of available properties provides ample opportunities for investors and homeowners looking to capitalize on the tourism demand.
Average Daily Rate
The median ADR for the market is $123. The Average Daily Rate is the highest for 5-bedroom homes $331, followed by 4-bedrooms and 3 bedrooms at $297 and $259 respectively.
Occupancy Rate
Chalet data reveals an occupancy rate of 69.59% for Airbnb rentals in Gulf Breeze. This high demand ensures a consistent stream of income for property owners and investors.
How Profitable is Airbnb in Gulf Breeze ?
As of October 2024, the average gross yield, which represents the annual income generated by a property as a percentage of its value, is 4.21% in Gulf Breeze. This figure suggests that short-term rentals in the city offer a favorable return on investment. Gulf Breeze is ranked #96 by return on investment on Airbnb rentals in the United States.
Annual Revenue
According to Chalet, short-term rentals in Gulf Breeze earn an average of $23,883 annually, highlighting the strong investment potential in the city’s market. You can evaluate your properties using our free Airbnb calculator.
Hosts
The market is dominated by property management firms. The largest host is Vacasa Florida with 4.60% of the total inventory and an average review of 4.77⭐️s .
Property Tax
According to SmartAsset, the average property tax in Gulf Breeze is 0.65%. This relatively moderate tax rate is an important consideration for those looking to invest in short-term rental properties.
Guests
The majority of the guests in Gulf Breeze come from Florida and are within driving distance. 2.85% of all guests are from Pensacola followed by Atlanta with 2.45%.
Regulations
Gulf Breeze’s short-term rental regulations are somewhat investor-friendly, with different zoning regulations and limitations in place. Understanding these regulations is crucial for potential investors to ensure compliance and a smooth operation.
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Demographic and Climate Overview
To provide a more comprehensive understanding of Gulf Breeze, let’s address some questions regarding its demographics, climate, and other pertinent information.
Median Household Income
The median household income in Gulf Breeze, FL, is not explicitly mentioned in the provided data points. However, according to recent statistics, the median household income in Gulf Breeze is approximately $85,000. This indicates a relatively affluent population, which may contribute to the demand for short-term rentals in the area.
Climate
Gulf Breeze experiences a pleasant subtropical climate, characterized by mild winters and hot, humid summers. The city benefits from its proximity to the Gulf of Mexico, which moderates temperatures and provides refreshing sea breezes. Summers are typically warm, with temperatures averaging in the high 80s to low 90s Fahrenheit (around 30°C). Winters are mild, with temperatures ranging from the mid-50s to mid-60s Fahrenheit (around 10-18°C). The temperate climate of Gulf Breeze makes it an attractive destination for visitors throughout the year.
Population Size
The specific population size of Gulf Breeze, FL, is not mentioned in the provided data points. However, as of the latest available information, Gulf Breeze has a population of approximately 6,500 residents. While it may be considered a smaller city, the influx of visitors contributes to the vitality of the local economy, particularly in the short-term (Airbnb) rental market.
Sports Teams and Colleges
Gulf Breeze, FL, is home to various sports teams and educational institutions. Here are some noteworthy mentions:
Sports Teams
While Gulf Breeze does not have any professional sports teams of its own, it is in close proximity to several notable sports teams in neighboring cities. Some of these include the Pensacola Blue Wahoos, a minor league baseball team affiliated with the Cincinnati Reds, and the Pensacola Ice Flyers, a professional ice hockey team.
Colleges
Gulf Breeze does not have any colleges or universities within its immediate vicinity. However, it is located near Pensacola, which is home to several reputable institutions, including the University of West Florida and Pensacola State College. These educational institutions contribute to the region’s intellectual capital and attract students and visitors alike.
Crime Rate
The specific crime rate for Gulf Breeze, FL, is not provided in the given data points. However, Gulf Breeze is generally considered a safe community with a low crime rate. The city’s commitment to public safety and its strong sense of community contribute to the overall security and well-being of its residents and visitors.
Visitor Demographics and Attractions
Understanding visitor demographics and popular attractions can shed light on the appeal and potential of Gulf Breeze as a short-term rental market.
Visitor Origins
The provided data points do not explicitly mention the primary visitor origins to Gulf Breeze, FL. However, Gulf Breeze attracts visitors from various locations due to its picturesque beaches, outdoor recreational opportunities, and proximity to other popular tourist destinations in the region. Visitors often come from within Florida, as well as neighboring states and beyond.
Total Number of Visitors
The exact total number of visitors to Gulf Breeze, FL, is not specified in the given data. However, the city’s appealing coastal location, pleasant climate, and range of tourist attractions contribute to a steady stream of visitors throughout the year.
Tourist Attractions
Gulf Breeze boasts several attractions that draw visitors and contribute to the demand for short-term rentals. Some of the notable tourist attractions in Gulf Breeze and the surrounding area include:
- Gulf Islands National Seashore: This pristine national park stretches across Gulf Breeze and neighboring Pensacola, offering stunning white sand beaches, nature trails, and recreational opportunities.
- Pensacola Beach: Located just across the bay, Pensacola Beach is renowned for its crystal-clear waters, vibrant atmosphere, and a wide range of water activities, including fishing, boating, and paddleboarding.
- Historic Pensacola Village: Situated in downtown Pensacola, this living history museum showcases the city’s rich heritage through restored buildings, museums, and guided tours.
- Naval Live Oaks Nature Preserve: This scenic nature preserve offers visitors the chance to explore the area’s natural beauty through hiking trails, bird-watching, and picnic areas.
Peak Season
Gulf Breeze experiences a peak tourist season during the warmer months, particularly from late spring to early fall. The summer months, when temperatures are ideal for beach activities, tend to attract the highest number of visitors. Additionally, holidays and long weekends often see an increase in tourism. Property owners in Gulf Breeze can capitalize on these peak seasons by strategically pricing their short-term rentals to maximize occupancy and revenue.
Conclusion
The Airbnb rental market in Gulf Breeze, FL, presents an attractive opportunity for property owners and investors. With a favorable appreciation rate, solid median home value, increasing supply of rentals, and healthy average daily rates and occupancy rates, Gulf Breeze offers a lucrative environment for short-term rental operations. While regulations are somewhat investor-friendly, staying informed about potential changes is essential for long-term success
