Hialeah appreciation rates and housing market information

Hialeah housing market information

With 226,411 people, 72,193 houses or apartments, and a median cost of homes of $230,133, Hialeah real estate prices are well above average cost compared to national prices.

large apartment complexes or high rise apartments are the single most common housing type in Hialeah, accounting for 39.59% of the city's housing units. Other types of housing that are prevalent in Hialeah include single-family detached homes (38.55%), row houses and other attached homes (12.81%), duplexes, homes converted to apartments, or other small apartment buildings (7.68%), and a few mobile homes or trailers (1.32%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Hialeah primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Hialeah has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hialeah built from 1970-1994, 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 Hialeah built from 1940-1969 (41.07%). A lesser amount of the housing stock also hails from 1995 and later (5.22%), and some were built from 1939 and earlier (5.22%).

Hialeah home appreciation rates

In the last 10 years, Hialeah has experienced some of the highest home appreciation rates of any community in the nation. Hialeah real estate appreciated 124.91% over the last ten years, which is an average annual home appreciation rate of 12.49%, putting Hialeah in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hialeah 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, Hialeah appreciation rates have trailed the rest of the nation. In the last twelve months, Hialeah's appreciation rate has been -5.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hialeah were at 2.16%, which equates to an annual appreciation rate of 8.64%.

Importantly, this makes Hialeah 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 Hialeah's latest annual appreciation rate is higher than 78% 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 Hialeah differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hialeah - 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 Hialeah real estate investment or home purchase decisions.