Deerfield Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Deerfield Beach Neighborhoods Since 2000




Deerfield 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

Deerfield Beach Housing Market Information

With a population of 79,768, 31,915 total housing units (homes and apartments), and a median house value of $135,415, house prices in Deerfield Beach are solidly below the national average.

Large apartment complexes or high rise apartments are the single most common housing type in Deerfield Beach, accounting for 53.82% of the city's housing units. Other types of housing that are prevalent in Deerfield Beach include single-family detached homes ( 26.65%), row houses and other attached homes ( 7.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.87%). 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 Deerfield Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Deerfield Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Deerfield 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 Deerfield Beach built between 1940-1969 ( 21.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.69%).

Vacant housing appears to be an issue in Deerfield Beach. Fully 24.39% of the housing stock is classified as vacant. Left unchecked, vacant Deerfield Beach homes and apartments can be a drag on the real estate market, holding Deerfield 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.

Deerfield Beach Home Appreciation Rates

Homes have actually lost value in Deerfield Beach over the last then years, as home values have seen a decline of 22.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Deerfield Beach home appreciation rates at 1.80%, which equates to an annual appreciation rate of 7.39%.

Appreciation rates are so strong in Deerfield Beach that despite a nationwide downturn in the housing market, Deerfield Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Deerfield Beach appreciation rates continue to be some of the highest in America, at 5.97%, which is higher than appreciation rates in 73.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Deerfield Beach. Deerfield Beach appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Deerfield 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 Deerfield Beach's latest annual appreciation rate is lower than 70% 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 Deerfield Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Deerfield 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 Deerfield Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$135,415

Deerfield Beach, FL HOME PRICES

Value Range
> $1,351,000 0.3
$1,013,001 - $1,351,000 1.0
$675,001 - $1,013,000 1.7
$540,001 - $675,000 2.0
$405,001 - $540,000 4.1
$270,001 - $405,000 16.0
$135,001 - $270,000 31.1
$67,001 - $135,000 27.9
$0 - $67,000 16.0

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
56.9992968475331 72.008547008547

Number Of Homes And Apartments:
31,915

Deerfield 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
89.64% 3.78% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,464 / per month

Homeownership Rate

Homeownership
Owners 61.49
Renters 38.51
Vacant 24.39

Housing Market Details

 

Age of Homes

AGE OF Deerfield Beach HOMES
2000 or Newer 5.7
1970 - 1999 72.6
1940 - 1969 21.3
1939 or Older 0.4

Types of Homes

TYPE OF Deerfield Beach HOMES
Single-Family 26.6
Townhomes 7.9
Small Apt. Buildings 6.9
Apt. Complexes 53.8
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Deerfield Beach HOMES
No Bedroom 2.52
1 Bedroom 19.92
2 Bedrooms 50.06
3 Bedrooms 22.88
4 Bedrooms 4.09
5 or more bedrooms 0.54