North Miami, FL Real Estate
According to census data in the year 2000 there were 22,267 housing units in North Miami.
This represents a 0.7% growth from 22,107 in 1990.
Of those housing units, 22,267 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in North Miami is about 50.2%.
North Miami's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.86 people.
The majority of houses, apartments or condos in North Miami were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 14.20% |
| One Bedroom | 35.60% |
| Two Bedrooms | 28.40% |
| Three Bedrooms | 16.70% |
| Four Bedrooms | 4.40% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.19 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $91,400 |
| Median Price asked for vacant units | $91,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $568 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 66.20% |
| Debt Free | 20.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 28.2% |
