Lighthouse Point, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lighthouse Point, FL Real Estate Data


Lighthouse Point Housing Market Information

With 11,104 people, 4,890 houses or apartments, and a median cost of homes of $560,606, 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 54.43% of the city's housing units. Other types of housing that are prevalent in Lighthouse Point include large apartment complexes or high rise apartments ( 36.18%), duplexes, homes converted to apartments or other small apartment buildings ( 7.10%), and a few row houses and other attached homes ( 2.29%).

Dwellings in Lighthouse Point tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.48% of the homes in Lighthouse Point have two or fewer bedrooms.

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 56.70% of the city's housing hails from this era. Other housing ages represented in Lighthouse Point include homes built between 1970-1999 ( 35.63%) and housing constructed between 2000 and later ( 7.52%).

Vacant housing appears to be an issue in Lighthouse Point. Fully 20.55% 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

Lighthouse Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lighthouse Point during the period has been just -1.94%, which is lower than 80% of US communities.

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 9.42%, which is higher than appreciation rates in 96.69% 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 2.59%, which equates to an annual appreciation rate of 10.76%.

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:
$560,606

Lighthouse Point, FL HOME PRICES

Value Range
> $1,476,000 12.3
$1,107,001 - $1,476,000 7.8
$738,001 - $1,107,000 12.0
$590,001 - $738,000 6.7
$443,001 - $590,000 14.9
$295,001 - $443,000 17.8
$148,001 - $295,000 11.2
$74,001 - $148,000 11.6
$0 - $74,000 5.6

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
4.83691514903086 8.33333333333333

Number Of Homes And Apartments:
4,890

Rent & Ownership

 

Average Market Rent:
$1,591 / per month

Homeownership Rate

Homeownership
Owners 79.61
Renters 20.39
Vacant 20.55

Housing Market Details

 

Age of Homes

AGE OF Lighthouse Point HOMES
2000 or Newer 7.5
1970 - 1999 35.6
1940 - 1969 56.7
1939 or Older 0.1

Types of Homes

TYPE OF Lighthouse Point HOMES
Single-Family 54.4
Townhomes 2.3
Small Apt. Buildings 7.1
Apt. Complexes 36.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lighthouse Point HOMES
No Bedroom 1.58
1 Bedroom 17.19
2 Bedrooms 35.71
3 Bedrooms 27.96
4 Bedrooms 12.58
5 or more bedrooms 4.99

Lighthouse Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2016 Q3
99.53% 4.15% 8 10
* 10 is highest