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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 56,035, 15,038 total housing units (homes and apartments), and a median house value of $422,970, 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 40.21% of the city's housing units. Other types of housing that are prevalent in Doral include row houses and other attached homes ( 29.26%), single-family detached homes ( 27.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.16%). 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 51.39% owning and 48.61% renting.
Doral homes and real estate are some of the newest in America. 50.22% 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 ( 47.80%), and between 1940-1969 ( 1.67%).
Vacant housing appears to be an issue in Doral. Fully 19.47% 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.
Real estate appreciation rates in Doral's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.
Appreciation rates are so strong in Doral that despite a nationwide downturn in the housing market, Doral real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Doral appreciation rates continue to be some of the highest in America, at 8.85%, which is higher than appreciation rates in 90.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Doral. Doral appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.
Importantly, this makes Doral 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 Doral's latest annual appreciation rate is higher than 50% 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.
|$1,016,001 - $1,354,000||2.9|
|$677,001 - $1,016,000||11.0|
|$542,001 - $677,000||12.7|
|$406,001 - $542,000||22.4|
|$271,001 - $406,000||26.3|
|$136,001 - $271,000||16.5|
|$68,001 - $136,000||3.5|
|$0 - $68,000||3.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Doral HOMES|
|2000 or Newer||50.2|
|1970 - 1999||47.8|
|1940 - 1969||1.7|
|1939 or Older||0.3|
|TYPE OF Doral HOMES|
|Small Apt. Buildings||3.2|
|SIZE OF Doral HOMES|
|5 or more bedrooms||2.38|