South Miami, FL Real Estate
According to census data in the year 2000 there were 4,553 housing units in South Miami.
This represents a 4.8% growth from 4,346 in 1990.
Of those housing units, 4,553 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in South Miami is about 60.1%.
South Miami's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in South Miami were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.50% |
| One Bedroom | 20.90% |
| Two Bedrooms | 22% |
| Three Bedrooms | 37.10% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $170,100 |
| Median Price asked for vacant units | $158,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $346 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 8% |
| Simple Mortgage | 61.60% |
| Debt Free | 23% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.2% |
