Riviera Beach, FL Real Estate Market

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Riviera Beach, FL Housing Market Trends

With 35,463 people, 11,336 houses or apartments, and a median cost of homes of $205,936, 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 45.83% of the city's housing units. Other types of housing that are prevalent in Riviera Beach include large apartment complexes or high rise apartments ( 34.16%), duplexes, homes converted to apartments or other small apartment buildings ( 10.04%), and a few row houses and other attached homes ( 7.87%).

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 52.61% owning and 47.39% 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 ( 29.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.48%). There's also some housing in Riviera Beach built before 1939 ( 1.12%).

Vacant housing appears to be an issue in Riviera Beach. Fully 27.72% 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.

Riviera Beach Home Appreciation Rates

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 69.95% over the last ten years, which is an average annual home appreciation rate of 5.45%, putting Riviera Beach in the top 10% 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 5.71%, has been at or slightly above the national average. In the latest quarter, Riviera Beach's appreciation rate has been 1.47%, which annualizes to a rate of 6.00%.

Notably, Riviera Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Riviera Beach's latest annual appreciation rate is lower 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.

Average Home Values

 
info

Median Home Value:
$205,936

Riviera Beach, FL HOME PRICES

> $1,241,000
3.8%
3.8%
$930,001 - $1,241,000
2.0%
2.0%
$621,001 - $930,000
4.2%
4.2%
$496,001 - $621,000
2.4%
2.4%
$372,001 - $496,000
5.3%
5.3%
$248,001 - $372,000
17.3%
17.3%
$124,001 - $248,000
27.0%
27.0%
$62,001 - $124,000
24.9%
24.9%
$0 - $62,000
13.3%
13.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
11,336

Riviera Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
121.05% 3.85%
5
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,594 / per month

Homeownership Rate

Owners
52.6%
52.6%
Renters
47.4%
47.4%
Vacant
27.7%
27.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
26.5%
26.5%
1970 - 1999
43.2%
43.2%
1940 - 1969
29.2%
29.2%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
45.8%
45.8%
Townhomes
7.9%
7.9%
Small Apt. Buildings
10.0%
10.0%
Apt. Complexes
34.2%
34.2%
Mobile Homes
1.9%
1.9%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
7.8%
7.8%
2 Bedrooms
36.7%
36.7%
3 Bedrooms
44.4%
44.4%
4 Bedrooms
6.9%
6.9%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES