Hobe Sound, FL


Highest Appreciating Hobe Sound Neighborhoods Since 2000

Hobe Sound, 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

Hobe Sound Housing Market Information

With a population of 13,445, 5,948 total housing units (homes and apartments), and a median house value of $264,004, Hobe Sound real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hobe Sound, accounting for 46.23% of the town's housing units. Other types of housing that are prevalent in Hobe Sound include mobile homes or trailers ( 29.20%), row houses and other attached homes ( 10.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.70%).

Dwellings in Hobe Sound tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 56.35% of the homes in Hobe Sound have two or fewer bedrooms.

There is a lot of housing in Hobe Sound 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 Hobe Sound built between 1940-1969 ( 9.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.35%).

Vacant housing appears to be an issue in Hobe Sound. Fully 21.44% of the housing stock is classified as vacant. Left unchecked, vacant Hobe Sound homes and apartments can be a drag on the real estate market, holding Hobe Sound real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hobe Sound Home Appreciation Rates

Hobe Sound's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hobe Sound during the period has been just -1.53%, which is lower than 80% of US communities.

Appreciation rates are so strong in Hobe Sound that despite a nationwide downturn in the housing market, Hobe Sound real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hobe Sound appreciation rates continue to be some of the highest in America, at 5.88%, which is higher than appreciation rates in 73.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hobe Sound. Hobe Sound appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.88%.

Relative to Florida, our data show that Hobe Sound's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

Average Home Values


Median Home Value:


Value Range
> $1,353,000 2.9
$1,015,001 - $1,353,000 0.9
$677,001 - $1,015,000 7.3
$542,001 - $677,000 4.3
$406,001 - $542,000 8.9
$271,001 - $406,000 12.9
$135,001 - $271,000 29.7
$68,001 - $135,000 23.0
$0 - $68,000 10.1

High for FL
High for Nation

Value Relative to Nation Value Relative to State
20.5379116371733 30.3418803418803

Number Of Homes And Apartments:

Hobe Sound Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
96.39% 3.99% 8 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,418 / per month

Homeownership Rate

Owners 71.14
Renters 28.86
Vacant 21.44

Housing Market Details


Age of Homes

2000 or Newer 9.4
1970 - 1999 80.3
1940 - 1969 9.9
1939 or Older 0.4

Types of Homes

Single-Family 46.2
Townhomes 10.1
Small Apt. Buildings 8.7
Apt. Complexes 5.7
Mobile Homes 29.2
Other 0.1

Home Size

No Bedroom 0.00
1 Bedroom 5.89
2 Bedrooms 50.46
3 Bedrooms 36.49
4 Bedrooms 6.50
5 or more bedrooms 0.66