Aventura, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Aventura Neighborhoods Since 2000




Aventura, FL Real Estate Data

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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aventura Housing Market Information

With 37,649 people, 18,701 houses or apartments, and a median cost of homes of $448,125, 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 89.99% of the city's housing units. Other types of housing that are prevalent in Aventura include single-family detached homes ( 5.26%), row houses and other attached homes ( 3.54%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Dwellings in Aventura tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 78.76% of the homes in Aventura have two or fewer bedrooms.

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 ( 18.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.44%).

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

Appreciation rates for homes in Aventura have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.49%, which ranks in the top 30% nationwide. This equates to an annual average Aventura house appreciation rate of 1.09%.

Appreciation rates are so strong in Aventura that despite a nationwide downturn in the housing market, Aventura real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aventura appreciation rates continue to be some of the highest in America, at 13.60%, which is higher than appreciation rates in 98.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aventura. Aventura appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.48%.

Relative to Florida, our data show that Aventura's latest annual appreciation rate is higher 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:
$448,125

Aventura, FL HOME PRICES

Value Range
> $1,397,000 5.2
$1,048,001 - $1,397,000 6.5
$699,001 - $1,048,000 12.0
$559,001 - $699,000 7.5
$419,001 - $559,000 15.0
$279,001 - $419,000 21.3
$140,001 - $279,000 21.8
$70,001 - $140,000 6.3
$0 - $70,000 4.3

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
7.80490661045729 13.8888888888889

Number Of Homes And Apartments:
18,701

Aventura Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
174.49% 5.94% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,405 / per month

Homeownership Rate

Homeownership
Owners 66.86
Renters 33.14
Vacant 41.82

Housing Market Details

 

Age of Homes

AGE OF Aventura HOMES
2000 or Newer 18.5
1970 - 1999 72.6
1940 - 1969 8.4
1939 or Older 0.4

Types of Homes

TYPE OF Aventura HOMES
Single-Family 5.3
Townhomes 3.5
Small Apt. Buildings 1.0
Apt. Complexes 90.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Aventura HOMES
No Bedroom 0.94
1 Bedroom 20.88
2 Bedrooms 56.95
3 Bedrooms 17.15
4 Bedrooms 3.61
5 or more bedrooms 0.48