Miami Beach, FL Real Estate

According to census data in the year 2000 there were 59,757 housing units in Miami Beach. This represents a 4.3% decline from 62,413 in 1990.

Of those housing units, 59,757 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Miami Beach is about 36.6%. Miami Beach's vacancy rate, including seasonal lodging, is about 22.7%. Average household size is 1.88 people.

The majority of houses, apartments or condos in Miami Beach were built after 1961.


Housing Size

Housing Units by Size
Studio Type30.90%
One Bedroom39.60%
Two Bedrooms19.60%
Three Bedrooms5.50%
Four Bedrooms2.70%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1965
Median Value of occupied units$334,400
Median Price asked for vacant units$684,200

Rented Homes, Apartments and Condos

Average Household Size1.81
Median year structure was built1959
Median Monthly Rent asked for vacant units$649

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.60%
Home Equity Loan10.60%
Simple Mortgage47.70%
Debt Free34.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs25.1%