Hialeah Gardens, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hialeah Gardens Neighborhoods Since 2000




Hialeah Gardens, 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

Hialeah Gardens Housing Market Information

With a population of 23,926, 6,254 total housing units (homes and apartments), and a median house value of $196,546, Hialeah Gardens real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hialeah Gardens, accounting for 44.04% of the city's housing units. Other types of housing that are prevalent in Hialeah Gardens include large apartment complexes or high rise apartments ( 31.01%), row houses and other attached homes ( 11.82%), and a few mobile homes or trailers ( 9.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hialeah Gardens. Owner-occupied housing accounts for 65.03% of Hialeah Gardens's homes, and 55.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hialeah Gardens 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 Hialeah Gardens built between 2000 and later ( 13.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.72%).

Hialeah Gardens Home Appreciation Rates

Hialeah Gardens's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hialeah Gardens during the period has been just -1.75%, which is lower than 80% of US communities.

Appreciation rates are so strong in Hialeah Gardens that despite a nationwide downturn in the housing market, Hialeah Gardens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hialeah Gardens appreciation rates continue to be some of the highest in America, at 8.16%, which is higher than appreciation rates in 87.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hialeah Gardens. Hialeah Gardens appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Hialeah Gardens 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 Hialeah Gardens's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$196,546

Hialeah Gardens, FL HOME PRICES

Value Range
> $1,404,000 0.6
$1,053,001 - $1,404,000 0.2
$702,001 - $1,053,000 0.8
$561,001 - $702,000 1.0
$421,001 - $561,000 1.1
$281,001 - $421,000 16.5
$141,001 - $281,000 42.7
$70,001 - $141,000 22.5
$0 - $70,000 14.5

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
33.1184811906715 47.2222222222222

Number Of Homes And Apartments:
6,254

Hialeah Gardens 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
113.25% 4.49% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,445 / per month

Homeownership Rate

Homeownership
Owners 65.03
Renters 34.97
Vacant 4.12

Housing Market Details

 

Age of Homes

AGE OF Hialeah Gardens HOMES
2000 or Newer 13.7
1970 - 1999 80.6
1940 - 1969 5.7
1939 or Older 0.0

Types of Homes

TYPE OF Hialeah Gardens HOMES
Single-Family 44.0
Townhomes 11.8
Small Apt. Buildings 3.9
Apt. Complexes 31.0
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Hialeah Gardens HOMES
No Bedroom 1.87
1 Bedroom 5.86
2 Bedrooms 35.97
3 Bedrooms 49.46
4 Bedrooms 6.39
5 or more bedrooms 0.46