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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,729, 2,026 total housing units (homes and apartments), and a median house value of $498,324, Highland Beach house prices are not only among the most expensive in Florida, Highland Beach real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Highland Beach, accounting for 82.96% of the town's housing units. Other types of housing that are prevalent in Highland Beach include single-family detached homes ( 6.19%), duplexes, homes converted to apartments or other small apartment buildings ( 4.86%), and a few row houses and other attached homes ( 4.60%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
Dwellings in Highland Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 72.70% of the homes in Highland Beach have two or fewer bedrooms.
There is a lot of housing in Highland 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 Highland Beach built between 2000 and later ( 10.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.11%).
A decent proportion of the Highland Beach housing stock is seasonally occupied. That is, homes and condos in Highland 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 Highland Beach housing market speaks to its popularity as a vacation location of choice.
Highland Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Highland Beach during the period has been just -1.45%, which is lower than 80% of US communities.
Appreciation rates are so strong in Highland Beach that despite a nationwide downturn in the housing market, Highland Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Highland Beach appreciation rates continue to be some of the highest in America, at 5.89%, which is higher than appreciation rates in 73.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Highland Beach. Highland Beach appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.
Importantly, this makes Highland Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Highland Beach's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
|$981,001 - $1,309,000||10.3|
|$654,001 - $981,000||18.8|
|$524,001 - $654,000||12.5|
|$393,001 - $524,000||14.5|
|$262,001 - $393,000||17.7|
|$131,001 - $262,000||7.0|
|$65,001 - $131,000||1.7|
|$0 - $65,000||2.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Highland Beach HOMES|
|2000 or Newer||10.7|
|1970 - 1999||81.2|
|1940 - 1969||8.1|
|1939 or Older||0.0|
|TYPE OF Highland Beach HOMES|
|Small Apt. Buildings||4.9|
|SIZE OF Highland Beach HOMES|
|5 or more bedrooms||1.52|