Hialeah, 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

Hialeah, FL Housing Market Trends

With a population of 233,339, 74,559 total housing units (homes and apartments), and a median house value of $312,686, 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 42.59% of the city's housing units. Other types of housing that are prevalent in Hialeah include single-family detached homes ( 38.80%), row houses and other attached homes ( 9.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.29%). 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 ( 40.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.66%).

Hialeah Home Appreciation Rates

In the last 10 years, Hialeah has experienced some of the highest home appreciation rates of any community in the nation. Hialeah real estate appreciated 151.54% over the last ten years, which is an average annual home appreciation rate of 9.66%, putting Hialeah in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hialeah 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, Hialeah's appreciation rate, at 10.06%, has been at or slightly above the national average. In the latest quarter, Hialeah's appreciation rate has been 3.40%, which annualizes to a rate of 14.30%.

Relative to Florida, our data show that Hialeah's latest annual appreciation rate is lower 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:
$312,686

Hialeah, FL HOME PRICES

> $1,322,000
0.3%
0.3%
$991,001 - $1,322,000
0.2%
0.2%
$661,001 - $991,000
1.6%
1.6%
$529,001 - $661,000
3.7%
3.7%
$397,001 - $529,000
17.0%
17.0%
$265,001 - $397,000
33.3%
33.3%
$132,001 - $265,000
33.0%
33.0%
$66,001 - $132,000
6.4%
6.4%
$0 - $66,000
4.6%
4.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
74,559

Hialeah 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
173.73% 4.79%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,785 / per month

Homeownership Rate

Owners
45.3%
45.3%
Renters
54.7%
54.7%
Vacant
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.7%
5.7%
1970 - 1999
53.3%
53.3%
1940 - 1969
40.1%
40.1%
1939 or Older
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.8%
38.8%
Townhomes
10.0%
10.0%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
42.6%
42.6%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.2%
4.2%
1 Bedroom
18.4%
18.4%
2 Bedrooms
36.8%
36.8%
3 Bedrooms
32.0%
32.0%
4 Bedrooms
7.1%
7.1%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES