Aventura, FL Housing Market Trends
With 38,741 people, 17,618 houses or apartments, and a median cost of homes of $586,500, real estate costs in Aventura are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.
Large apartment complexes or high rise apartments are the single most common housing type in Aventura, accounting for 90.78% of the city's housing units. Other types of housing that are prevalent in Aventura include single-family detached homes ( 5.11%), row houses and other attached homes ( 3.13%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
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 ( 24.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.43%).
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 142.21% over the last ten years, which is an average annual home appreciation rate of 9.25%, putting Aventura in the top 10% 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.
NeighborhoodScout's data show that during the latest twelve months, Aventura's appreciation rate, at 7.53%, has been at or slightly above the national average. In the latest quarter, Aventura's appreciation rate has been 0.73%, which annualizes to a rate of 2.94%.
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.
Median Home Value
$586,500
High
for Florida
Very High
for nation
Number of Homes And Apartments:
17,618
FL
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$4,409 / per month