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 a population of 38,930, 18,403 total housing units (homes and apartments), and a median house value of $632,038, real estate costs in Aventura are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.
Large apartment complexes or high rise apartments are the single most common housing type in Aventura, accounting for 89.40% of the city's housing units. Other types of housing that are prevalent in Aventura include single-family detached homes ( 5.96%), row houses and other attached homes ( 3.46%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Dwellings in Aventura tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 76.09% of the homes in Aventura have two or fewer bedrooms.
There is a lot of housing in Aventura 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 Aventura built between 2000 and later ( 23.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.51%).
A decent proportion of the Aventura housing stock is seasonally occupied. That is, homes and condos in Aventura 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 Aventura housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Aventura has experienced some of the highest home appreciation rates of any community in the nation. Aventura real estate appreciated 156.69% over the last ten years, which is an average annual home appreciation rate of 9.89%, putting Aventura in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aventura 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 Aventura that despite a nationwide downturn in the housing market, Aventura real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aventura appreciation rates continue to be some of the highest in America, at 12.24%, which is higher than appreciation rates in 94.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aventura. Aventura appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.
Importantly, this makes Aventura 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 Aventura's latest annual appreciation rate is higher 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 Aventura differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aventura - 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 Aventura real estate investment or home purchase decisions.
$632,038
for Florida
for nation
18,403
$4,967 / per month