Indialantic, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Indialantic Neighborhoods Since 2000




Indialantic, 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

Indialantic Housing Market Information

With a population of 2,837, 1,212 total housing units (homes and apartments), and a median house value of $436,483, Indialantic house prices are not only among the most expensive in Florida, Indialantic real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Indialantic, accounting for 64.28% of the town's housing units. Other types of housing that are prevalent in Indialantic include large apartment complexes or high rise apartments ( 22.32%), duplexes, homes converted to apartments or other small apartment buildings ( 10.99%), and a few row houses and other attached homes ( 2.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Indialantic. Owner-occupied housing accounts for 78.22% of Indialantic's homes, and 58.98% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Indialantic's housing was primarily built during this period, from the '40s through the '60s. A full 51.41% of the town's housing hails from this era. Other housing ages represented in Indialantic include homes built between 1970-1999 ( 40.28%) and housing constructed between 2000 and later ( 5.23%). There's also some housing in Indialantic built before 1939 ( 3.08%).

Vacant housing appears to be an issue in Indialantic. Fully 18.77% of the housing stock is classified as vacant. Left unchecked, vacant Indialantic homes and apartments can be a drag on the real estate market, holding Indialantic 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.

Indialantic Home Appreciation Rates

Appreciation rates for homes in Indialantic have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.64%, which ranks in the top 50% nationwide. This equates to an annual average Indialantic house appreciation rate of 0.26%.

Appreciation rates are so strong in Indialantic that despite a nationwide downturn in the housing market, Indialantic real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Indialantic appreciation rates continue to be some of the highest in America, at 16.55%, which is higher than appreciation rates in 99.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Indialantic. Indialantic appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.60%.

Importantly, this makes Indialantic 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 Indialantic's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$436,483

Indialantic, FL HOME PRICES

Value Range
> $1,472,000 4.5
$1,104,001 - $1,472,000 1.1
$736,001 - $1,104,000 6.3
$589,001 - $736,000 14.1
$442,001 - $589,000 18.2
$295,001 - $442,000 36.7
$147,001 - $295,000 14.1
$74,001 - $147,000 2.1
$0 - $74,000 2.9

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
7.82843079807805 14.1025641025641

Number Of Homes And Apartments:
1,212

Indialantic 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
124.76% 4.81% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,240 / per month

Homeownership Rate

Homeownership
Owners 78.22
Renters 21.78
Vacant 18.77

Housing Market Details

 

Age of Homes

AGE OF Indialantic HOMES
2000 or Newer 5.2
1970 - 1999 40.3
1940 - 1969 51.4
1939 or Older 3.1

Types of Homes

TYPE OF Indialantic HOMES
Single-Family 64.3
Townhomes 2.4
Small Apt. Buildings 11.0
Apt. Complexes 22.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Indialantic HOMES
No Bedroom 0.00
1 Bedroom 13.67
2 Bedrooms 25.20
3 Bedrooms 33.11
4 Bedrooms 25.87
5 or more bedrooms 2.14