Doral, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Doral, FL Housing Market Trends

With 65,741 people, 17,833 houses or apartments, and a median cost of homes of $462,162, Doral house prices are not only among the most expensive in Florida, Doral real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Doral, accounting for 48.50% of the city's housing units. Other types of housing that are prevalent in Doral include single-family detached homes ( 24.78%), row houses and other attached homes ( 23.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.41%). 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.

The most prevalent building size and type in Doral are three and four bedroom dwellings. The city has a mixture of owners and renters, with 47.82% owning and 52.18% renting.

Doral homes and real estate are some of the newest in America. 54.12% of Doral's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Doral real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.39%), and between 1940-1969 ( 1.23%).

Vacant housing appears to be an issue in Doral. Fully 23.12% of the housing stock is classified as vacant. Left unchecked, vacant Doral homes and apartments can be a drag on the real estate market, holding Doral 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.

Doral Home Appreciation Rates

In the last 10 years, Doral has experienced some of the highest home appreciation rates of any community in the nation. Doral real estate appreciated 96.80% over the last ten years, which is an average annual home appreciation rate of 7.00%, putting Doral in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Doral 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, Doral's appreciation rate, at 5.72%, has been at or slightly above the national average. In the latest quarter, Doral's appreciation rate has been 1.48%, which annualizes to a rate of 6.05%.

Notably, Doral's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Doral's latest annual appreciation rate is lower than 80% 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 Doral differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Doral - 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 Doral real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$462,162

Doral, FL HOME PRICES

> $1,186,000
2.0%
2.0%
$889,001 - $1,186,000
2.9%
2.9%
$593,001 - $889,000
19.1%
19.1%
$474,001 - $593,000
23.6%
23.6%
$356,001 - $474,000
23.0%
23.0%
$237,001 - $356,000
21.4%
21.4%
$119,001 - $237,000
5.9%
5.9%
$59,001 - $119,000
1.0%
1.0%
$0 - $59,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
17,833

Doral Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
199.80% 5.37%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,678 / per month

Homeownership Rate

Owners
47.8%
47.8%
Renters
52.2%
52.2%
Vacant
23.1%
23.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
54.1%
54.1%
1970 - 1999
44.4%
44.4%
1940 - 1969
1.2%
1.2%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
24.8%
24.8%
Townhomes
23.8%
23.8%
Small Apt. Buildings
2.4%
2.4%
Apt. Complexes
48.5%
48.5%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
10.4%
10.4%
2 Bedrooms
29.5%
29.5%
3 Bedrooms
37.4%
37.4%
4 Bedrooms
17.9%
17.9%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES