Dania Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Dania Beach Neighborhoods Since 2000




Dania Beach, 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 Q1 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

Dania Beach Housing Market Information

With 31,446 people, 12,202 houses or apartments, and a median cost of homes of $251,708, Dania Beach real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Dania Beach, accounting for 31.26% of the city's housing units. Other types of housing that are prevalent in Dania Beach include single-family detached homes ( 29.36%), mobile homes or trailers ( 14.71%), and a few row houses and other attached homes ( 12.41%). 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 Dania Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Dania Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Dania Beach 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 Dania Beach built between 1940-1969 ( 28.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.72%). There's also some housing in Dania Beach built before 1939 ( 1.11%).

Vacant housing appears to be an issue in Dania Beach. Fully 22.49% of the housing stock is classified as vacant. Left unchecked, vacant Dania Beach homes and apartments can be a drag on the real estate market, holding Dania Beach 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.

Dania Beach Home Appreciation Rates

Dania Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dania Beach during the period has been just -2.02%, which is lower than 80% of US communities.

Appreciation rates are so strong in Dania Beach that despite a nationwide downturn in the housing market, Dania Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dania Beach appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 81.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dania Beach. Dania Beach appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Dania Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Dania Beach'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 Dania Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dania Beach - 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 Dania Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$251,708

Dania Beach, FL HOME PRICES

Value Range
> $1,387,000 1.1
$1,041,001 - $1,387,000 1.7
$694,001 - $1,041,000 2.7
$555,001 - $694,000 3.5
$416,001 - $555,000 9.4
$277,001 - $416,000 20.6
$139,001 - $277,000 40.9
$69,001 - $139,000 14.2
$0 - $69,000 5.9

High for FL
High for Nation

Value Relative to Nation Value Relative to State
22.2840735966249 32.2649572649573

Number Of Homes And Apartments:
12,202

Dania Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
102.99% 4.19% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,516 / per month

Homeownership Rate

Homeownership
Owners 50.26
Renters 49.74
Vacant 22.49

Housing Market Details

 

Age of Homes

AGE OF Dania Beach HOMES
2000 or Newer 12.7
1970 - 1999 57.7
1940 - 1969 28.5
1939 or Older 1.1

Types of Homes

TYPE OF Dania Beach HOMES
Single-Family 29.4
Townhomes 12.4
Small Apt. Buildings 11.8
Apt. Complexes 31.3
Mobile Homes 14.7
Other 0.5

Home Size

SIZE OF Dania Beach HOMES
No Bedroom 1.38
1 Bedroom 15.71
2 Bedrooms 49.66
3 Bedrooms 28.67
4 Bedrooms 3.73
5 or more bedrooms 0.84