Hialeah, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hialeah, FL Real Estate Data


Hialeah Housing Market Information

With a population of 237,069, 68,878 total housing units (homes and apartments), and a median house value of $217,970, Hialeah 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 Hialeah, accounting for 41.63% of the city's housing units. Other types of housing that are prevalent in Hialeah include single-family detached homes ( 38.86%), row houses and other attached homes ( 11.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.91%). 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 Hialeah primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Hialeah has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hialeah 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 built between 1940-1969 ( 39.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.52%).

Hialeah Home Appreciation Rates

Homes have actually lost value in Hialeah over the last then years, as home values have seen a decline of 19.57% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hialeah home appreciation rates at 2.59%, which equates to an annual appreciation rate of 10.76%.

Appreciation rates are so strong in Hialeah that despite a nationwide downturn in the housing market, Hialeah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hialeah appreciation rates continue to be some of the highest in America, at 9.71%, which is higher than appreciation rates in 97.31% 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. Hialeah appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.76%.

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

Average Home Values

 

Median Home Value:
$217,970

Hialeah, FL HOME PRICES

Value Range
> $1,480,000 0.2
$1,110,001 - $1,480,000 0.1
$740,001 - $1,110,000 0.3
$592,001 - $740,000 0.5
$444,001 - $592,000 4.5
$296,001 - $444,000 20.4
$148,001 - $296,000 45.5
$74,001 - $148,000 22.3
$0 - $74,000 6.2

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
28.9746442583592 42.9487179487179

Number Of Homes And Apartments:
68,878

Rent & Ownership

 

Average Market Rent:
$1,296 / per month

Homeownership Rate

Homeownership
Owners 48.07
Renters 51.93
Vacant 4.80

Housing Market Details

 

Age of Homes

AGE OF Hialeah HOMES
2000 or Newer 3.5
1970 - 1999 56.3
1940 - 1969 39.5
1939 or Older 0.7

Types of Homes

TYPE OF Hialeah HOMES
Single-Family 38.9
Townhomes 11.3
Small Apt. Buildings 6.9
Apt. Complexes 41.6
Mobile Homes 1.3
Other 0.1

Home Size

SIZE OF Hialeah HOMES
No Bedroom 2.71
1 Bedroom 18.91
2 Bedrooms 37.67
3 Bedrooms 31.13
4 Bedrooms 7.65
5 or more bedrooms 1.92

Hialeah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
87.23% 3.76% 7 10
* 10 is highest