With 4,251 people, 2,171 houses or apartments, and a median cost of homes of $518,974, Indian Rocks Beach house prices are not only among the most expensive in Florida, Indian Rocks Beach 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 Indian Rocks Beach, accounting for 42.59% of the city's housing units. Other types of housing that are prevalent in Indian Rocks Beach include large apartment complexes or high rise apartments ( 32.70%), duplexes, homes converted to apartments or other small apartment buildings ( 17.13%), and a few row houses and other attached homes ( 7.58%).
People in Indian Rocks Beach primarily live in small (one, two or no bedroom) single-family detached homes. Indian Rocks Beach has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Indian Rocks 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 Rocks Beach built between 1940-1969 ( 34.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.54%). There's also some housing in Indian Rocks Beach built before 1939 ( 1.98%).
Vacant housing appears to be an issue in Indian Rocks Beach. Fully 40.39% of the housing stock is classified as vacant. Left unchecked, vacant Indian Rocks Beach homes and apartments can be a drag on the real estate market, holding Indian Rocks 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 Rocks Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Indian Rocks Beach during the period has been just -0.73%, which is lower than 70% of US communities.
Appreciation rates are so strong in Indian Rocks Beach that despite a nationwide downturn in the housing market, Indian Rocks Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Indian Rocks Beach appreciation rates continue to be some of the highest in America, at 9.82%, which is higher than appreciation rates in 97.51% 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 Rocks Beach. Indian Rocks Beach appreciation rates in the latest quarter were at 3.75%, which equates to an annual appreciation rate of 15.85%.
Importantly, this makes Indian Rocks 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 Rocks Beach's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
|AGE OF Indian Rocks Beach HOMES|
|2000 or Newer||8.5|
|1970 - 1999||55.5|
|1940 - 1969||34.0|
|1939 or Older||2.0|
|TYPE OF Indian Rocks Beach HOMES|
|Small Apt. Buildings||17.1|
|SIZE OF Indian Rocks Beach HOMES|
|5 or more bedrooms||2.69|
|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|