Riviera Beach, Florida Housing Market Prices
Riviera Beach Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% below the Florida median$293,126
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Median rent 4% below the Florida median$1,610
Housing Market Overview
| Metric | Riviera Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $293,126 | $311,338 | $248,835 |
| Price Trend (Annual %) | 7.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,610 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Riviera Beach is about 6% lower than in Florida. Rent is about 4% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Riviera Beach, up about 7.5% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Riviera Beach rose about 68.4% between 2015 and 2024, from $956 to $1,610. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Riviera Beach.
Buying the median-priced home in Riviera Beach costs roughly 15.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Riviera Beach. The price-to-rent ratio in Florida is about 15.6.
| Metric | Riviera Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $293,126 | $311,338 | $248,835 |
| Median Household Income | $62,258 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.7 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Riviera Beach rose about 26.0%, while median household income rose about 66.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Riviera Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.1% | 57.7% | 58.5% |
| Rental Rate | 31.8% | 27.7% | 31.2% |
| Vacancy Rate | 21.1% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Riviera Beach has a homeownership rate of 47.1%, lower than the Florida average of 57.7%. Its housing vacancy rate is 21.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | Riviera Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1979 | 1988 | 1978 |
| Median Number of Rooms | 4.9 | 5.2 | 5.5 |
The typical housing unit in Riviera Beach was built around 1979. On average, 2.7 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Riviera Beach, FL Housing Compared With Nearby Cities
How Riviera Beach, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Riviera Beach, FL | 29,950 | $293,126 #2/2 | $1,610 #2/2 | 59.7% #1/2 |
| West Palm Beach, FL | 123,402 | $482,617 | $1,756 | 51.0% |
Frequently Asked Questions
Common questions about the housing market in Riviera Beach, Florida.
What is the median home price in Riviera Beach, Florida?
The median home price in Riviera Beach, Florida is $293,126, lower than the Florida average of $311,338.
What is the average home price in Riviera Beach, Florida?
The typical home price in Riviera Beach, Florida, reported as the median sale price, is $293,126. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Riviera Beach, Florida?
The median gross rent in Riviera Beach, Florida is $1,610 per month, lower than the Florida average of $1,668.
What was the median gross rent in Riviera Beach in 2020?
In 2020, the median gross rent in Riviera Beach, Florida was $1,171 per month.
What is the price-to-rent ratio in Riviera Beach, Florida?
The price-to-rent ratio in Riviera Beach, Florida is about 15.2, meaning it would take roughly 15.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Riviera Beach.
Are home prices or rent rising faster in Riviera Beach, Florida?
Both home prices and rent are rising in Riviera Beach, up about 7.5% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Riviera Beach, Florida?
47.1% of households in Riviera Beach, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Riviera Beach, Florida?
The housing vacancy rate in Riviera Beach, Florida is 21.1%, higher than the Florida average of 14.6%.
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