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 about Scout's Real Estate Data
With 220,292 people, 76,255 houses or apartments, and a median cost of homes of $508,657, Hialeah real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Hialeah, accounting for 43.60% of the city's housing units. Other types of housing that are prevalent in Hialeah include single-family detached homes ( 38.79%), row houses and other attached homes ( 9.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.64%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Hialeah primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Hialeah has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Hialeah 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 Hialeah built between 1940-1969 ( 39.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.09%). There's also some housing in Hialeah built before 1939 ( 1.01%).
In the last 10 years, Hialeah has experienced some of the highest home appreciation rates of any community in the nation. Hialeah real estate appreciated 176.42% over the last ten years, which is an average annual home appreciation rate of 10.70%, putting Hialeah in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hialeah definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Hialeah that despite a nationwide downturn in the housing market, Hialeah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hialeah appreciation rates continue to be some of the highest in America, at 14.75%, which is higher than appreciation rates in 97.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hialeah. Hialeah appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.
Importantly, this makes Hialeah 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 Hialeah'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 Hialeah differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hialeah - 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 Hialeah real estate investment or home purchase decisions.
$508,657
for Florida
for nation
76,255
$3,072 / per month