Madeira Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Madeira Beach Neighborhoods Since 2000




Madeira Beach, 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

Madeira Beach Housing Market Information

With 4,380 people, 2,296 houses or apartments, and a median cost of homes of $537,228, Madeira Beach house prices are not only among the most expensive in Florida, Madeira Beach real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Madeira Beach, accounting for 45.09% of the city's housing units. Other types of housing that are prevalent in Madeira Beach include single-family detached homes ( 33.24%), duplexes, homes converted to apartments or other small apartment buildings ( 18.93%), and a few row houses and other attached homes ( 2.37%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Madeira Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Madeira Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Madeira 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 Madeira Beach built between 1940-1969 ( 41.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.79%). There's also some housing in Madeira Beach built before 1939 ( 1.29%).

A decent proportion of the Madeira Beach housing stock is seasonally occupied. That is, homes and condos in Madeira Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Madeira Beach housing market speaks to its popularity as a vacation location of choice.

Madeira Beach Home Appreciation Rates

Appreciation rates for homes in Madeira Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.57%, which ranks in the top 50% nationwide. This equates to an annual average Madeira Beach house appreciation rate of 0.16%.

Appreciation rates are so strong in Madeira Beach that despite a nationwide downturn in the housing market, Madeira Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Madeira Beach appreciation rates continue to be some of the highest in America, at 10.27%, which is higher than appreciation rates in 94.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Madeira Beach. Madeira Beach appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Madeira Beach's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$537,228

Madeira Beach, FL HOME PRICES

Value Range
> $1,391,000 2.0
$1,043,001 - $1,391,000 2.6
$695,001 - $1,043,000 12.8
$556,001 - $695,000 23.0
$417,001 - $556,000 20.9
$278,001 - $417,000 12.6
$139,001 - $278,000 21.0
$69,001 - $139,000 4.0
$0 - $69,000 1.1

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
4.96894409937888 7.90598290598291

Number Of Homes And Apartments:
2,296

Madeira Beach 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
116.57% 4.58% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,051 / per month

Homeownership Rate

Homeownership
Owners 64.04
Renters 35.96
Vacant 46.14

Housing Market Details

 

Age of Homes

AGE OF Madeira Beach HOMES
2000 or Newer 7.8
1970 - 1999 49.7
1940 - 1969 41.2
1939 or Older 1.3

Types of Homes

TYPE OF Madeira Beach HOMES
Single-Family 33.2
Townhomes 2.4
Small Apt. Buildings 18.9
Apt. Complexes 45.1
Mobile Homes 0.0
Other 0.4

Home Size

SIZE OF Madeira Beach HOMES
No Bedroom 6.12
1 Bedroom 20.31
2 Bedrooms 51.84
3 Bedrooms 16.49
4 Bedrooms 4.62
5 or more bedrooms 0.61