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.


Housing Size

Housing Units by Size
Studio Type8.50%
One Bedroom20.90%
Two Bedrooms22%
Three Bedrooms37.10%
Four Bedrooms9.60%
Five Bedrooms or more1.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.79
Median year structure was built1957
Median Value of occupied units$170,100
Median Price asked for vacant units$158,300

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1966
Median Monthly Rent asked for vacant units$346

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.40%
Home Equity Loan8%
Simple Mortgage61.60%
Debt Free23%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.2%