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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.



Hialeah Gardens, 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 Q2 2024. 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

Hialeah Gardens, FL Housing Market Trends

With 22,364 people, 7,387 houses or apartments, and a median cost of homes of $423,965, Hialeah Gardens real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hialeah Gardens, accounting for 39.06% of the city's housing units. Other types of housing that are prevalent in Hialeah Gardens include large apartment complexes or high rise apartments ( 37.58%), mobile homes or trailers ( 10.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.52%).

People in Hialeah Gardens primarily live in small (one, two or no bedroom) single-family detached homes. Hialeah Gardens has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hialeah Gardens 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 Gardens built between 2000 and later ( 18.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.11%).

Hialeah Gardens Home Appreciation Rates

In the last 10 years, Hialeah Gardens has experienced some of the highest home appreciation rates of any community in the nation. Hialeah Gardens real estate appreciated 150.07% over the last ten years, which is an average annual home appreciation rate of 9.60%, putting Hialeah Gardens in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hialeah Gardens 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 Gardens that despite a nationwide downturn in the housing market, Hialeah Gardens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hialeah Gardens appreciation rates continue to be some of the highest in America, at 14.19%, which is higher than appreciation rates in 96.85% 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 Gardens. Hialeah Gardens appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.

Importantly, this makes Hialeah Gardens 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 Gardens'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 Gardens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hialeah Gardens - 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 Gardens real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$423,965

Hialeah Gardens, FL Home Prices
> $1,602,000
$1,201,001 - $1,602,000
$801,001 - $1,201,000
$641,001 - $801,000
$480,001 - $641,000
$320,001 - $480,000
$160,001 - $320,000
$80,001 - $160,000
$0 - $80,000
1.0%
1.0%
2.1%
2.1%
2.3%
2.3%
7.8%
7.8%
26.6%
26.6%
24.5%
24.5%
25.7%
25.7%
3.0%
3.0%
6.9%
6.9%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

7,387

Hialeah Gardens Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,554 / per month

Homeownership Rate

Owners
Renters
61.5%
61.5%
38.5%
38.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.4%
1.4%
98.6%
98.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.1%
18.1%
73.7%
73.7%
8.1%
8.1%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
39.1%
39.1%
6.4%
6.4%
6.5%
6.5%
37.6%
37.6%
10.5%
10.5%
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
3.9%
3.9%
7.0%
7.0%
40.1%
40.1%
40.1%
40.1%
7.4%
7.4%
1.5%
1.5%
0% 100.0%
% of Homes