Belle Glade appreciation rates and housing market information

Belle Glade housing market information

With a population of 14,999, 5,765 total housing units (homes and apartments), and a median house value of $159,600, Belle Glade 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 Belle Glade, accounting for 39.79% of the city's housing units. Other types of housing that are prevalent in Belle Glade include duplexes, homes converted to apartments, or other small apartment buildings (22.95%), large apartment complexes or high rise apartments (21.79%), mobile homes or trailers (11.43%), and a few row houses and other attached homes (3.83%).

People in Belle Glade primarily live in small (one, two, or no bedroom) single-family detached homes. Belle Glade has a mixture of owner-occupied and renter-occupied housing.

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. Belle Glade's housing was primarily built during this period, from the '40s through the '60s. A full 47.49% of the city's housing hails from this era. Other housing ages represented in Belle Glade include homes built between 1970-1994 (44.02%), and housing constructed from 1995 and later (4.49%). There's also some housing in Belle Glade built between 1939 and earlier (4.00%).

Vacant housing appears to be an issue in Belle Glade. Fully 15.37% of the housing stock is classified as vacant. Left unchecked, vacant Belle Glade homes and apartments can be a drag on the real estate market, holding Belle Glade 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.

Belle Glade home appreciation rates

In the last 10 years, Belle Glade has experienced some of the highest home appreciation rates of any community in the nation. Belle Glade real estate appreciated 128.13% over the last ten years, which is an average annual home appreciation rate of 12.81%, putting Belle Glade in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Belle Glade definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Belle Glade appreciation rates have trailed the rest of the nation. In the last twelve months, Belle Glade's appreciation rate has been -13.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Belle Glade were at -6.76%, which equates to an annual appreciation rate of -27.04%.

Notably, Belle Glade's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Belle Glade's latest annual appreciation rate is higher than 29% 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 Belle Glade differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Belle Glade - 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 1990, to assist you in making the best Belle Glade real estate investment or home purchase decisions.