With 8,471 people, 3,750 houses or apartments, and a median cost of homes of $320,016, real estate costs in Indian Harbour Beach are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.
Single-family detached homes are the single most common housing type in Indian Harbour Beach, accounting for 47.00% of the city's housing units. Other types of housing that are prevalent in Indian Harbour Beach include large apartment complexes or high rise apartments ( 29.76%), row houses and other attached homes ( 15.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Indian Harbour Beach. Owner-occupied housing accounts for 66.88% of Indian Harbour Beach's homes, and 56.92% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Indian Harbour 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 Indian Harbour Beach built between 1940-1969 ( 31.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.29%).
Vacant housing appears to be an issue in Indian Harbour Beach. Fully 26.77% of the housing stock is classified as vacant. Left unchecked, vacant Indian Harbour Beach homes and apartments can be a drag on the real estate market, holding Indian Harbour Beach 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.
Indian Harbour Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Indian Harbour Beach during the period has been just -1.25%, which is lower than 80% of US communities.
Appreciation rates are so strong in Indian Harbour Beach that despite a nationwide downturn in the housing market, Indian Harbour Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Indian Harbour Beach appreciation rates continue to be some of the highest in America, at 15.59%, which is higher than appreciation rates in 99.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Indian Harbour Beach. Indian Harbour Beach appreciation rates in the latest quarter were at 7.15%, which equates to an annual appreciation rate of 31.84%.
Importantly, this makes Indian Harbour Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Indian Harbour Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
|$1,115,001 - $1,487,000||3.1|
|$743,001 - $1,115,000||2.5|
|$595,001 - $743,000||7.5|
|$446,001 - $595,000||9.0|
|$298,001 - $446,000||30.7|
|$148,001 - $298,000||32.0|
|$74,001 - $148,000||8.4|
|$0 - $74,000||4.7|
|Value Relative to Nation||Value Relative to State|
|AGE OF Indian Harbour Beach HOMES|
|2000 or Newer||10.3|
|1970 - 1999||57.4|
|1940 - 1969||31.7|
|1939 or Older||0.5|
|TYPE OF Indian Harbour Beach HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Indian Harbour Beach HOMES|
|5 or more bedrooms||3.07|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|