Aventura, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Aventura, FL Housing Market Trends

With 36,987 people, 18,035 houses or apartments, and a median cost of homes of $441,993, Aventura house prices are not only among the most expensive in Florida, Aventura real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Aventura, accounting for 88.93% of the city's housing units. Other types of housing that are prevalent in Aventura include row houses and other attached homes ( 5.11%), single-family detached homes ( 4.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.29%). 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 Aventura primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Aventura has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Aventura 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 Aventura built between 2000 and later ( 21.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.62%).

A decent proportion of the Aventura housing stock is seasonally occupied. That is, homes and condos in Aventura 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 Aventura housing market speaks to its popularity as a vacation location of choice.

Aventura Home Appreciation Rates

In the last 10 years, Aventura has experienced some of the highest home appreciation rates of any community in the nation. Aventura real estate appreciated 73.80% over the last ten years, which is an average annual home appreciation rate of 5.68%, putting Aventura in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aventura 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, Aventura appreciation rates have trailed the rest of the nation. In the last twelve months, Aventura's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aventura were at 2.14%, which equates to an annual appreciation rate of 8.86%.

Relative to Florida, our data show that Aventura's latest annual appreciation rate is lower than 90% 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 Aventura differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aventura - 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 Aventura real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$441,993

Aventura, FL HOME PRICES

> $1,137,000
8.9%
8.9%
$853,001 - $1,137,000
5.9%
5.9%
$568,001 - $853,000
15.5%
15.5%
$455,001 - $568,000
9.8%
9.8%
$341,001 - $455,000
15.5%
15.5%
$228,001 - $341,000
23.7%
23.7%
$114,001 - $228,000
17.6%
17.6%
$57,001 - $114,000
2.1%
2.1%
$0 - $57,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
18,035

Aventura Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
159.76% 4.59%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,723 / per month

Homeownership Rate

Owners
65.0%
65.0%
Renters
35.0%
35.0%
Vacant
40.3%
40.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.8%
21.8%
1970 - 1999
69.1%
69.1%
1940 - 1969
8.6%
8.6%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
4.6%
4.6%
Townhomes
5.1%
5.1%
Small Apt. Buildings
1.3%
1.3%
Apt. Complexes
88.9%
88.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
17.2%
17.2%
2 Bedrooms
56.2%
56.2%
3 Bedrooms
18.9%
18.9%
4 Bedrooms
5.0%
5.0%
5 or more bedrooms
0.6%
0.6%
0.0% 100.0%
% OF HOMES