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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hypoluxo, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hypoluxo, FL Housing Market Trends

With a population of 2,773, 1,305 total housing units (homes and apartments), and a median house value of $461,375, Hypoluxo 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 Hypoluxo, accounting for 57.16% of the town's housing units. Other types of housing that are prevalent in Hypoluxo include row houses and other attached homes ( 25.14%), duplexes, homes converted to apartments or other small apartment buildings ( 7.01%), and a few single-family detached homes ( 6.49%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Dwellings in Hypoluxo tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 73.33% of the homes in Hypoluxo have two or fewer bedrooms.

There is a lot of housing in Hypoluxo 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 Hypoluxo built between 2000 and later ( 16.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.58%).

A decent proportion of the Hypoluxo housing stock is seasonally occupied. That is, homes and condos in Hypoluxo 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 Hypoluxo housing market speaks to its popularity as a vacation location of choice.

Hypoluxo Home Appreciation Rates

In the last 10 years, Hypoluxo has experienced some of the highest home appreciation rates of any community in the nation. Hypoluxo real estate appreciated 200.42% over the last ten years, which is an average annual home appreciation rate of 11.63%, putting Hypoluxo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hypoluxo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Hypoluxo that despite a nationwide downturn in the housing market, Hypoluxo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hypoluxo appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 79.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hypoluxo. Hypoluxo appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Florida, our data show that Hypoluxo's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$461,375

Hypoluxo, FL Home Prices
> $1,463,000
$1,097,001 - $1,463,000
$732,001 - $1,097,000
$585,001 - $732,000
$439,001 - $585,000
$293,001 - $439,000
$146,001 - $293,000
$73,001 - $146,000
$0 - $73,000
2.8%
2.8%
5.2%
5.2%
10.4%
10.4%
9.9%
9.9%
16.9%
16.9%
30.2%
30.2%
20.3%
20.3%
2.0%
2.0%
2.3%
2.3%
0% 100.0%
% of Homes
High

for Florida

Very High

for nation

Number of Homes And Apartments:

1,305

Hypoluxo Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,587 / per month

Homeownership Rate

Owners
Renters
79.1%
79.1%
20.9%
20.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
37.7%
37.7%
62.3%
62.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.5%
16.5%
78.9%
78.9%
4.6%
4.6%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
6.5%
6.5%
25.1%
25.1%
7.0%
7.0%
57.2%
57.2%
4.2%
4.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
3.1%
3.1%
70.2%
70.2%
25.3%
25.3%
0.9%
0.9%
0.4%
0.4%
0% 100.0%
% of Homes