Hallandale Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hallandale Beach Neighborhoods Since 2000




Hallandale 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

Hallandale Beach Housing Market Information

With a population of 39,488, 18,025 total housing units (homes and apartments), and a median house value of $198,508, Hallandale 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 Hallandale Beach, accounting for 75.33% of the city's housing units. Other types of housing that are prevalent in Hallandale Beach include single-family detached homes ( 10.07%), duplexes, homes converted to apartments or other small apartment buildings ( 7.94%), and a few row houses and other attached homes ( 3.88%). 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 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 ( 34.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.58%).

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

Homes have actually lost value in Hallandale Beach over the last then years, as home values have seen a decline of 25.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hallandale Beach home appreciation rates at 1.80%, which equates to an annual appreciation rate of 7.39%.

Over the last year, Hallandale Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Hallandale Beach's appreciation rate has been 0.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hallandale Beach were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Hallandale 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 Hallandale Beach's latest annual appreciation rate is lower than 90% 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:
$198,508

Hallandale Beach, FL HOME PRICES

Value Range
> $1,318,000 1.9
$988,001 - $1,318,000 1.5
$659,001 - $988,000 1.4
$527,001 - $659,000 1.9
$395,001 - $527,000 6.7
$263,001 - $395,000 16.7
$132,001 - $263,000 39.1
$66,001 - $132,000 21.2
$0 - $66,000 9.7

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.6731512949725 47.008547008547

Number Of Homes And Apartments:
18,025

Hallandale 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
117.98% 4.62% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,354 / per month

Homeownership Rate

Homeownership
Owners 54.37
Renters 45.63
Vacant 37.28

Housing Market Details

 

Age of Homes

AGE OF Hallandale Beach HOMES
2000 or Newer 10.6
1970 - 1999 54.0
1940 - 1969 34.7
1939 or Older 0.7

Types of Homes

TYPE OF Hallandale Beach HOMES
Single-Family 10.1
Townhomes 3.9
Small Apt. Buildings 7.9
Apt. Complexes 75.3
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Hallandale Beach HOMES
No Bedroom 2.93
1 Bedroom 39.87
2 Bedrooms 43.99
3 Bedrooms 11.58
4 Bedrooms 0.88
5 or more bedrooms 0.74