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 34,834 people, 11,452 houses or apartments, and a median cost of homes of $210,941, Riviera Beach real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Riviera Beach, accounting for 45.29% of the city's housing units. Other types of housing that are prevalent in Riviera Beach include large apartment complexes or high rise apartments ( 34.19%), duplexes, homes converted to apartments or other small apartment buildings ( 10.69%), and a few row houses and other attached homes ( 7.77%).
The most prevalent building size and type in Riviera Beach are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.36% owning and 46.64% renting.
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 ( 28.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 27.63%). There's also some housing in Riviera Beach built before 1939 ( 1.06%).
Vacant housing appears to be an issue in Riviera Beach. Fully 28.94% 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.
In the last 10 years, Riviera Beach has experienced some of the highest home appreciation rates of any community in the nation. Riviera Beach real estate appreciated 55.70% over the last ten years, which is an average annual home appreciation rate of 4.53%, putting Riviera Beach in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Riviera Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Riviera Beach's appreciation rate, at 4.08%, has been at or slightly above the national average. In the latest quarter, Riviera Beach's appreciation rate has been 1.88%, which annualizes to a rate of 7.74%.
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 lower than 80% 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.
|$945,001 - $1,261,000||1.4|
|$630,001 - $945,000||3.9|
|$504,001 - $630,000||2.8|
|$378,001 - $504,000||4.2|
|$252,001 - $378,000||16.4|
|$126,001 - $252,000||27.0|
|$63,001 - $126,000||27.4|
|$0 - $63,000||13.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Riviera Beach HOMES|
|2000 or Newer||27.6|
|1970 - 1999||42.3|
|1940 - 1969||29.0|
|1939 or Older||1.1|
|TYPE OF Riviera Beach HOMES|
|Small Apt. Buildings||10.7|
|SIZE OF Riviera Beach HOMES|
|5 or more bedrooms||1.27|