Lighthouse Point FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lighthouse Point, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lighthouse Point Housing Market Information

With a population of 11,283, 5,097 total housing units (homes and apartments), and a median house value of $794,027, Lighthouse Point house prices are not only among the most expensive in Florida, Lighthouse Point 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 Lighthouse Point, accounting for 61.61% of the city's housing units. Other types of housing that are prevalent in Lighthouse Point include large apartment complexes or high rise apartments ( 29.72%), duplexes, homes converted to apartments or other small apartment buildings ( 6.52%), and a few row houses and other attached homes ( 2.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lighthouse Point. Owner-occupied housing accounts for 79.32% of Lighthouse Point's homes, and 49.73% 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. Lighthouse Point's housing was primarily built during this period, from the '40s through the '60s. A full 54.01% of the city's housing hails from this era. Other housing ages represented in Lighthouse Point include homes built between 1970-1999 ( 37.70%) and housing constructed between 2000 and later ( 7.62%).

Vacant housing appears to be an issue in Lighthouse Point. Fully 18.92% of the housing stock is classified as vacant. Left unchecked, vacant Lighthouse Point homes and apartments can be a drag on the real estate market, holding Lighthouse Point 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.

Lighthouse Point Home Appreciation Rates

In the last 10 years, Lighthouse Point has experienced some of the highest home appreciation rates of any community in the nation. Lighthouse Point real estate appreciated 129.04% over the last ten years, which is an average annual home appreciation rate of 8.64%, putting Lighthouse Point in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lighthouse Point 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 Lighthouse Point that despite a nationwide downturn in the housing market, Lighthouse Point real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lighthouse Point appreciation rates continue to be some of the highest in America, at 5.40%, which is higher than appreciation rates in 77.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lighthouse Point. Lighthouse Point appreciation rates in the latest quarter were at 1.94%, which equates to an annual appreciation rate of 7.97%.

Importantly, this makes Lighthouse Point 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 Lighthouse Point's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$794,027

Lighthouse Point, FL HOME PRICES

Value Range
> $1,327,000 15.6
$996,001 - $1,327,000 13.8
$663,001 - $996,000 18.2
$531,001 - $663,000 11.6
$398,001 - $531,000 12.6
$265,001 - $398,000 8.2
$133,001 - $265,000 8.5
$66,001 - $133,000 7.8
$0 - $66,000 3.6

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
2.35328467153285 3.82978723404255

Number Of Homes And Apartments:
5,097

Lighthouse Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
156.89% 4.83%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,703 / per month

Homeownership Rate

Homeownership
Owners 79.32
Renters 20.68
Vacant 18.92

Housing Market Details

 

Age of Homes

AGE OF Lighthouse Point HOMES
2000 or Newer 7.6
1970 - 1999 37.7
1940 - 1969 54.0
1939 or Older 0.7

Types of Homes

TYPE OF Lighthouse Point HOMES
Single-Family 61.6
Townhomes 2.1
Small Apt. Buildings 6.5
Apt. Complexes 29.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lighthouse Point HOMES
No Bedroom 2.55
1 Bedroom 12.09
2 Bedrooms 30.89
3 Bedrooms 36.32
4 Bedrooms 13.41
5 or more bedrooms 4.74