Hialeah real estate market overview
- Average Monthly Rent: $1,962
- Home Price/Value Percentage Change: 13.00%
- Median Home Value: $415,047
- Best Time To Sell a Home: April
- Affordability Index: Moderate
- Days To Sell a House: 57
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Hialeah is a suburb of Miami that sits on a large prairie between Biscayne Bay and the Everglades. It's a part of Miami-Dade County, and is the sixth largest city in Florida. Similar to many other areas of Miami, this is a populous Spanish city that provides its residents with a myriad of opportunities for recreation and leisure. Since Hialeah is in the northwest area of Miami, it's less breezy than some of its neighboring cities and the heat can be stifling.
The most desirable months in terms of comfortability are January and December. On average, Hialeah gets 65 inches of rain per year.
Population, job market and cost of living
The population in this city is 222,641, with a declining growth rate of -0.07% annually.
The job market has decreased by -11.09% over the last year. In ten years, job growth is predicted to be 35.68%. The economic development in Hialeah is progressive, and one of its largest employers is the City of Hialeah. Service industry employment, retail, restaurants and national franchises support a large part of Hialeah's job market as well. Located on Hialeah's West 49th Street corridor alone is a variety of coffee shops, chain restaurants, steakhouses and the Westland Mall. Other large employers include G&R Electric, J. I. Kislak, Citrus Health Network and Simclar.
Living in Miami is expensive in comparison to other Florida cities, and Hialeah is no exception. Majority of this city is not walkable, resulting in transportation as one of the largest expenses for residents here.
Hialeah real estate market details
- Essex Village
- Hialeah Gardens
- Palm Springs
- Hialeah Acres
There has been a 13.0% increase in Hialeah's median home value over the last year. As of 2023, the median home value is $415,047.
April is the best time to sell a home for the highest value in Hialeah. March is the best time to sell a home in the shortest amount of time.
The affordability index in Hialeah is 115. This number indicates moderate affordability in this city.
The top ranked public schools are Meadowland Elementary School, Palm Springs North Elementary School, Jose Marti Mast 6-12 Academy, Mater Gardens Academy Middle School, and Imater Preparatory Academy High School. This information derives from data measuring academic performance and equity.