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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 34,244 people, 11,475 houses or apartments, and a median cost of homes of $165,810, Riviera Beach real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Riviera Beach, accounting for 44.61% of the city's housing units. Other types of housing that are prevalent in Riviera Beach include large apartment complexes or high rise apartments ( 35.17%), duplexes, homes converted to apartments or other small apartment buildings ( 11.39%), and a few row houses and other attached homes ( 6.27%).
People in Riviera Beach primarily live in small (one, two or no bedroom) single-family detached homes. Riviera Beach has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Riviera 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 Riviera Beach built between 1940-1969 ( 30.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.67%).
Vacant housing appears to be an issue in Riviera Beach. Fully 30.56% of the housing stock is classified as vacant. Left unchecked, vacant Riviera Beach homes and apartments can be a drag on the real estate market, holding Riviera 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.
Homes have actually lost value in Riviera Beach over the last then years, as home values have seen a decline of 17.60% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Riviera Beach home appreciation rates at 2.55%, which equates to an annual appreciation rate of 10.59%.
Appreciation rates are so strong in Riviera Beach that despite a nationwide downturn in the housing market, Riviera Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Riviera Beach appreciation rates continue to be some of the highest in America, at 14.54%, which is higher than appreciation rates in 98.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Riviera Beach. Riviera Beach appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.
Importantly, this makes Riviera 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 Riviera Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Riviera Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Riviera Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Riviera Beach real estate investment or home purchase decisions.
|$1,046,001 - $1,394,000||0.9|
|$697,001 - $1,046,000||3.4|
|$558,001 - $697,000||4.4|
|$418,001 - $558,000||4.4|
|$279,001 - $418,000||12.3|
|$139,001 - $279,000||25.2|
|$70,001 - $139,000||32.0|
|$0 - $70,000||14.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
2000 Q1 - 2017 Q4
|* 10 is highest|
|AGE OF Riviera Beach HOMES|
|2000 or Newer||26.7|
|1970 - 1999||42.3|
|1940 - 1969||30.1|
|1939 or Older||0.9|
|TYPE OF Riviera Beach HOMES|
|Small Apt. Buildings||11.4|
|SIZE OF Riviera Beach HOMES|
|5 or more bedrooms||1.34|