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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Highland 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Highland Beach, FL Housing Market Trends

With a population of 4,264, 2,325 total housing units (homes and apartments), and a median house value of $998,253, Highland Beach house prices are not only among the most expensive in Florida, Highland 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 Highland Beach, accounting for 83.05% of the town's housing units. Other types of housing that are prevalent in Highland Beach include single-family detached homes ( 9.27%), row houses and other attached homes ( 5.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.95%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Dwellings in Highland Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 67.87% of the homes in Highland Beach have two or fewer bedrooms.

There is a lot of housing in Highland 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 Highland Beach built between 2000 and later ( 13.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.37%).

A decent proportion of the Highland Beach housing stock is seasonally occupied. That is, homes and condos in Highland 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 Highland Beach housing market speaks to its popularity as a vacation location of choice.

Highland Beach Home Appreciation Rates

In the last 10 years, Highland Beach has experienced some of the highest home appreciation rates of any community in the nation. Highland Beach real estate appreciated 129.52% over the last ten years, which is an average annual home appreciation rate of 8.66%, putting Highland Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Highland Beach 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 Highland Beach that despite a nationwide downturn in the housing market, Highland Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Highland Beach appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 79.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Highland Beach. Highland Beach appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Florida, our data show that Highland Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$998,253

Highland Beach, FL Home Prices
> $1,429,000
$1,071,001 - $1,429,000
$715,001 - $1,071,000
$572,001 - $715,000
$429,001 - $572,000
$286,001 - $429,000
$143,001 - $286,000
$71,001 - $143,000
$0 - $71,000
34.4%
34.4%
9.2%
9.2%
28.1%
28.1%
15.4%
15.4%
3.5%
3.5%
4.9%
4.9%
2.2%
2.2%
0.0%
0.0%
2.1%
2.1%
0% 100.0%
% of Homes
Very High

for Florida

Very High

for nation

Number of Homes And Apartments:

2,325

Highland Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$6,313 / per month

Homeownership Rate

Owners
Renters
94.7%
94.7%
5.3%
5.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
48.6%
48.6%
51.4%
51.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.9%
13.9%
78.3%
78.3%
7.4%
7.4%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
9.3%
9.3%
5.7%
5.7%
1.9%
1.9%
83.0%
83.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
4.8%
4.8%
62.2%
62.2%
23.5%
23.5%
6.2%
6.2%
2.4%
2.4%
0% 100.0%
% of Homes