Belle Glade, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Belle Glade Neighborhoods Since 2000




Belle Glade, FL Real Estate Data


Belle Glade Housing Market Information

With 18,251 people, 5,590 houses or apartments, and a median cost of homes of $156,993, 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 36.36% 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 ( 24.70%), large apartment complexes or high rise apartments ( 24.60%), and a few mobile homes or trailers ( 11.81%).

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.

There is a lot of housing in Belle Glade 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 Belle Glade built between 1940-1969 ( 33.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.04%).

Vacant housing appears to be an issue in Belle Glade. Fully 16.22% 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

Belle Glade's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Belle Glade during the period has been just -1.30%, which is lower than 80% of US communities.

Appreciation rates are so strong in Belle Glade that despite a nationwide downturn in the housing market, Belle Glade real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belle Glade appreciation rates continue to be some of the highest in America, at 8.43%, which is higher than appreciation rates in 93.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belle Glade. Belle Glade appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.76%.

Relative to Florida, our data show that Belle Glade's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Belle Glade real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$156,993

Belle Glade, FL HOME PRICES

Value Range
> $1,542,000 0.3
$1,157,001 - $1,542,000 0.0
$771,001 - $1,157,000 0.0
$617,001 - $771,000 0.4
$462,001 - $617,000 2.5
$308,001 - $462,000 8.3
$154,001 - $308,000 32.4
$77,001 - $154,000 34.1
$0 - $77,000 21.9

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
47.8421268372665 65.8119658119658

Number Of Homes And Apartments:
5,590

Rent & Ownership

 

Average Market Rent:
$684 / per month

Homeownership Rate

Homeownership
Owners 42.26
Renters 57.74
Vacant 16.22

Housing Market Details

 

Age of Homes

AGE OF Belle Glade HOMES
2000 or Newer 7.0
1970 - 1999 59.2
1940 - 1969 33.3
1939 or Older 0.4

Types of Homes

TYPE OF Belle Glade HOMES
Single-Family 36.4
Townhomes 2.5
Small Apt. Buildings 24.7
Apt. Complexes 24.6
Mobile Homes 11.8
Other 0.0

Home Size

SIZE OF Belle Glade HOMES
No Bedroom 6.73
1 Bedroom 15.53
2 Bedrooms 36.24
3 Bedrooms 31.37
4 Bedrooms 9.92
5 or more bedrooms 0.21

Belle Glade Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
114.41% 4.59% 9 10
* 10 is highest