Hialeah, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hialeah Neighborhoods Since 2000




Hialeah, 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 Housing Market Information

With a population of 237,069, 69,219 total housing units (homes and apartments), and a median house value of $220,741, 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 41.95% of the city's housing units. Other types of housing that are prevalent in Hialeah include single-family detached homes ( 39.07%), row houses and other attached homes ( 10.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.88%). 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 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 ( 39.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.60%).

Hialeah Home Appreciation Rates

Hialeah's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hialeah during the period has been just -1.89%, which is lower than 80% of US communities.

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 9.38%, which is higher than appreciation rates in 92.02% 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 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Hialeah 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'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:
$220,741

Hialeah, FL HOME PRICES

Value Range
> $1,459,000 0.2
$1,094,001 - $1,459,000 0.1
$730,001 - $1,094,000 0.5
$584,001 - $730,000 0.4
$438,001 - $584,000 4.4
$292,001 - $438,000 21.4
$146,001 - $292,000 45.1
$73,001 - $146,000 21.6
$0 - $73,000 6.2

High for FL
High for Nation

Value Relative to Nation Value Relative to State
27.5811555138873 38.8888888888889

Number Of Homes And Apartments:
69,219

Hialeah 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
97.11% 4.01% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,414 / per month

Homeownership Rate

Homeownership
Owners 46.87
Renters 53.13
Vacant 4.69

Housing Market Details

 

Age of Homes

AGE OF Hialeah HOMES
2000 or Newer 3.6
1970 - 1999 56.6
1940 - 1969 39.1
1939 or Older 0.7

Types of Homes

TYPE OF Hialeah HOMES
Single-Family 39.1
Townhomes 10.6
Small Apt. Buildings 6.9
Apt. Complexes 41.9
Mobile Homes 1.4
Other 0.1

Home Size

SIZE OF Hialeah HOMES
No Bedroom 2.79
1 Bedroom 19.34
2 Bedrooms 37.56
3 Bedrooms 31.03
4 Bedrooms 7.52
5 or more bedrooms 1.76