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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Biscayne Park, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Biscayne Park, FL Housing Market Trends

With 3,017 people, 1,004 houses or apartments, and a median cost of homes of $926,598, Biscayne Park house prices are not only among the most expensive in Florida, Biscayne Park real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Biscayne Park, accounting for 72.94% of the village's housing units. Other types of housing that are prevalent in Biscayne Park include duplexes, homes converted to apartments or other small apartment buildings ( 17.36%), row houses and other attached homes ( 7.57%), and a few large apartment complexes or high rise apartments ( 2.13%).

Dwellings in Biscayne Park tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.18% of the homes in Biscayne Park have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Biscayne Park's housing was primarily built during this period, from the '40s through the '60s. A full 77.30% of the village's housing hails from this era. Other housing ages represented in Biscayne Park include homes built before 1939 ( 8.24%) and housing constructed between 1970-1999 ( 7.86%). There's also some housing in Biscayne Park built between 2000 and later ( 6.60%).

Biscayne Park Home Appreciation Rates

In the last 10 years, Biscayne Park has experienced some of the highest home appreciation rates of any community in the nation. Biscayne Park real estate appreciated 197.54% over the last ten years, which is an average annual home appreciation rate of 11.52%, putting Biscayne Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Biscayne Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Biscayne Park that despite a nationwide downturn in the housing market, Biscayne Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Biscayne Park appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 79.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Biscayne Park. Biscayne Park appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Florida, our data show that Biscayne Park's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$926,598

Biscayne Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,932 / per month

Homeownership Rate

Owners
Renters
74.7%
74.7%
25.3%
25.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.6%
2.6%
97.4%
97.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.6%
6.6%
7.9%
7.9%
77.3%
77.3%
8.2%
8.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.9%
72.9%
7.6%
7.6%
17.4%
17.4%
2.1%
2.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
12.8%
12.8%
39.4%
39.4%
30.1%
30.1%
16.2%
16.2%
1.6%
1.6%
0% 100.0%
% of Homes