Miami, FL Real Estate

According to census data in the year 2000 there were 148,554 housing units in Miami. This represents a 2.8% growth from 144,550 in 1990.

Of those housing units, 148,554 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 is about 34.9%. Miami's vacancy rate, including seasonal lodging, is about 9.6%. Average household size is 2.61 people.

The majority of houses, apartments or condos in Miami were built after 1963.


Housing Size

Housing Units by Size
Studio Type19.50%
One Bedroom34.40%
Two Bedrooms28.80%
Three Bedrooms13%
Four Bedrooms3.30%
Five Bedrooms or more0.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1956
Median Value of occupied units$120,100
Median Price asked for vacant units$114,100

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1966
Median Monthly Rent asked for vacant units$438

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage8.30%
Home Equity Loan5.40%
Simple Mortgage49.60%
Debt Free36.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs25.1%