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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 Type14.20%
One Bedroom35.60%
Two Bedrooms28.40%
Three Bedrooms16.70%
Four Bedrooms4.40%
Five Bedrooms or more0.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.19
Median year structure was built1958
Median Value of occupied units$91,400
Median Price asked for vacant units$91,600

Rented Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1969
Median Monthly Rent asked for vacant units$568

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage8.60%
Home Equity Loan4.90%
Simple Mortgage66.20%
Debt Free20.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs28.2%