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 3,069, 1,460 total housing units (homes and apartments), and a median house value of $767,714, Indialantic house prices are not only among the most expensive in Florida, Indialantic real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Indialantic, accounting for 64.43% of the town's housing units. Other types of housing that are prevalent in Indialantic include large apartment complexes or high rise apartments ( 23.31%), row houses and other attached homes ( 6.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Indialantic. Owner-occupied housing accounts for 72.40% of Indialantic's homes, and 63.91% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Indialantic's housing was primarily built during this period, from the '40s through the '60s. A full 54.71% of the town's housing hails from this era. Other housing ages represented in Indialantic include homes built between 1970-1999 ( 36.32%) and housing constructed between 2000 and later ( 5.96%). There's also some housing in Indialantic built before 1939 ( 3.01%).
Vacant housing appears to be an issue in Indialantic. Fully 15.56% of the housing stock is classified as vacant. Left unchecked, vacant Indialantic homes and apartments can be a drag on the real estate market, holding Indialantic 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.
In the last 10 years, Indialantic has experienced some of the highest home appreciation rates of any community in the nation. Indialantic real estate appreciated 164.44% over the last ten years, which is an average annual home appreciation rate of 10.21%, putting Indialantic in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Indialantic definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Indialantic appreciation rates have trailed the rest of the nation. In the last twelve months, Indialantic's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Indialantic were at -0.63%, which equates to an annual appreciation rate of -2.49%.
Notably, Indialantic's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Indialantic's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.
$767,714
for Florida
for nation
1,460
$2,288 / per month