Hallandale Beach, 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 Q2 2021. 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

Hallandale Beach, FL Housing Market Trends

With a population of 39,847, 17,573 total housing units (homes and apartments), and a median house value of $211,552, Hallandale Beach real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Hallandale Beach, accounting for 75.97% of the city's housing units. Other types of housing that are prevalent in Hallandale Beach include single-family detached homes ( 9.94%), duplexes, homes converted to apartments or other small apartment buildings ( 8.71%), and a few mobile homes or trailers ( 2.77%). 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 Hallandale Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Hallandale Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hallandale 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 Hallandale Beach built between 1940-1969 ( 29.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.61%).

A decent proportion of the Hallandale Beach housing stock is seasonally occupied. That is, homes and condos in Hallandale Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Hallandale Beach housing market speaks to its popularity as a vacation location of choice.

Hallandale Beach Home Appreciation Rates

In the last 10 years, Hallandale Beach has experienced some of the highest home appreciation rates of any community in the nation. Hallandale Beach real estate appreciated 141.48% over the last ten years, which is an average annual home appreciation rate of 9.22%, putting Hallandale Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hallandale Beach 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, Hallandale Beach's appreciation rate, at 8.58%, has been at or slightly above the national average. In the latest quarter, Hallandale Beach's appreciation rate has been 3.35%, which annualizes to a rate of 14.08%.

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

Average Home Values

 

Median Home Value:
$211,552

Hallandale Beach, FL HOME PRICES

> $1,306,000
2.6%
2.6%
$980,001 - $1,306,000
1.7%
1.7%
$653,001 - $980,000
3.5%
3.5%
$523,001 - $653,000
5.6%
5.6%
$392,001 - $523,000
12.2%
12.2%
$261,001 - $392,000
22.0%
22.0%
$131,001 - $261,000
37.0%
37.0%
$65,001 - $131,000
9.3%
9.3%
$0 - $65,000
6.1%
6.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
17,573

Hallandale Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
209.12% 5.39%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,809 / per month

Homeownership Rate

Owners
50.8%
50.8%
Renters
49.2%
49.2%
Vacant
37.2%
37.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.6%
11.6%
1970 - 1999
58.2%
58.2%
1940 - 1969
30.0%
30.0%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
9.9%
9.9%
Townhomes
2.6%
2.6%
Small Apt. Buildings
8.7%
8.7%
Apt. Complexes
76.0%
76.0%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
37.7%
37.7%
2 Bedrooms
45.5%
45.5%
3 Bedrooms
11.5%
11.5%
4 Bedrooms
1.7%
1.7%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES