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Miami Beach, FL Housing

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As of 2010-2014, median price of a house in Miami Beach is $341,000, which is much higher than the state average of $156,200 and is much higher than the national average of $175,700. The Miami Beach median house value has grown by 1.97% since 2000. The growth rate for the price of a house in Miami Beach is much lower than the state average rate of 48.06% and is much lower than the national average rate of 46.91%. The median year that a house in Miami Beach was built is 1966, which is older than the median year for a house built in the state which is 1985 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 15,683 Owner Occupied Houses in Miami Beach, FL, #76

Miami Beach, FL	341,000 USD
Florida	156,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #697

Miami Beach, FL	1.97%
Florida	48.06%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Miami Beach, FL	Florida	U.S.
Total Housing Units	68,388, see rank, 100%	9,051,851	132,741,033
Occupied Housing Units	43,650, 63.83%, see rank	79.74%	87.55%
Owner Occupied	15,683, 22.93%, see rank	52.73%	56.34%
Renter Occupied	27,967, 40.89%, see rank	27.01%	31.21%
Vacant Housing Units	24,738, 36.17%, see rank	20.26%	12.45%
For Rent	2,023, 2.96%, see rank	2.97%	2.34%
For Sale Only	613, 0.90%, see rank	1.66%	1.20%
Rented or Sold, Not Occupied	930, 1.36%, see rank	1.21%	0.92%
For Seasonal, Recreational, or Occasional Use	16,223, 23.72%, see rank	9.84%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.04%	0.03%
Other Vacant	4,949, 7.24%, see rank	4.54%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #831

Miami Beach, FL	Florida	U.S.
1966	1985	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Miami Beach, FL	%	Florida	U.S.
Owner-Occupied Units	15,683	100%	4,772,944	74,787,460
With a Mortgage	8,316	53.03%, see rank	61.11%	65.58%
Without a Mortgage	7,367	46.97%, see rank	38.89%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Miami Beach, FL	2,420 USD
Florida	1,480 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Miami Beach, FL	%	Florida	U.S.
$299 or Less	0	0.00%, see rank	0.21%	0.20%
$300 to $499	42	0.51%, see rank	1.53%	1.59%
$500 to $699	214	2.57%, see rank	5.00%	5.01%
$700 to $999	512	6.16%, see rank	14.91%	14.32%
$1,000 to $1,499	1,127	13.55%, see rank	29.50%	27.90%
$1,500 to $1,999	1,158	13.92%, see rank	21.21%	20.35%
$2,000 to $2,999	2,105	25.31%, see rank	18.45%	19.52%
$3,000 or More	3,158	37.97%, see rank	9.20%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Miami Beach, FL	29.50% of the Total Income
Florida	26.90% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Miami Beach, FL	%	Florida	U.S.
10% or Less	541	6.51%, see rank	4.76%	5.86%
10% to 20%	1,625	19.54%, see rank	25.89%	31.95%
20% to 30%	1,994	23.98%, see rank	25.92%	27.64%
30% to 40%	1,159	13.94%, see rank	14.93%	13.74%
40% or More	2,842	34.18%, see rank	27.62%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Miami Beach, FL	1,001 USD
Florida	469 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Miami Beach, FL	%	Florida	U.S.
$199 or Less	240	3.26%, see rank	9.06%	7.76%
$200 to $299	185	2.51%, see rank	13.71%	14.70%
$300 to $499	921	12.50%, see rank	32.19%	34.63%
$500 to $699	1,145	15.54%, see rank	22.09%	21.16%
$700 or More	4,876	66.19%, see rank	22.95%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Miami Beach, FL	20.70% of the Total Income
Florida	13.30% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Miami Beach, FL	%	Florida	U.S.
10% or Less	1,736	23.56%, see rank	36.34%	40.19%
10% to 20%	1,782	24.19%, see rank	31.41%	31.47%
20% to 30%	1,221	16.57%, see rank	12.98%	12.24%
30% to 40%	641	8.70%, see rank	6.40%	5.64%
40% or More	1,820	24.70%, see rank	10.85%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Miami Beach, FL	Florida	U.S.
Total Housing Units	68,388, 100%	9,051,851	132,741,033
1-unit, Detached	6,248, 9.14%, see rank	54.16%	61.65%
1-unit, Attached	895, 1.31%, see rank	6.28%	5.82%
2 Units	409, 0.60%, see rank	2.17%	3.75%
3 or 4 Units	3,593, 5.25%, see rank	3.85%	4.43%
5 to 9 Units	4,449, 6.51%, see rank	5.03%	4.78%
10 or More Units	52,621, 76.94%, see rank	19.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	173, 0.25%, see rank	9.28%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Miami Beach, FL	Florida	U.S.
Total Housing Units	68,388, 100%	9,051,851	132,741,033
1 Room	10,066, 14.72%, see rank	1.65%	1.95%
2 Rooms	4,288, 6.27%, see rank	2.16%	2.48%
3 Rooms	24,461, 35.77%, see rank	10.38%	9.13%
4 Rooms	17,102, 25.01%, see rank	21.92%	16.60%
5 Rooms	5,404, 7.90%, see rank	23.70%	20.41%
6 Rooms	2,585, 3.78%, see rank	17.82%	18.06%
7 Rooms	1,813, 2.65%, see rank	10.59%	12.27%
8 Rooms	873, 1.28%, see rank	6.13%	8.48%
9 Rooms or More	1,796, 2.63%, see rank	5.66%	10.60%
Median Rooms	3.30, see rank	5.10	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Miami Beach, FL	Florida	U.S.
Total Housing Units	68,388, 100%	9,051,851	132,741,033
No Bedroom	10,685, 15.62%, see rank	1.80%	2.17%
1 Bedroom	28,666, 41.92%, see rank	10.62%	11.16%
2 Bedrooms	19,879, 29.07%, see rank	33.79%	26.69%
3 Bedrooms	5,903, 8.63%, see rank	38.45%	39.70%
4 Bedrooms	2,111, 3.09%, see rank	12.90%	16.05%
5 or More Bedrooms	1,144, 1.67%, see rank	2.45%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Miami Beach, FL	Florida	U.S.
Total Housing Units	43,650, 100%	7,217,508	116,211,092
Utility Gas	1,561, 3.58%, see rank	4.53%	48.85%
Bottled, Tank, or LP Gas	135, 0.31%, see rank	1.12%	4.86%
Electricity	37,468, 85.84%, see rank	92.30%	36.68%
Fuel Oil, Kerosene, etc.	91, 0.21%, see rank	0.22%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	0, 0.00%, see rank	0.20%	2.12%
Solar Energy	11, 0.03%, see rank	0.03%	0.05%
Other Fuel	23, 0.05%, see rank	0.04%	0.47%
No Fuel Used	4,361, 9.99%, see rank	1.56%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Miami Beach, FL	Florida	U.S.
Occupied Units Paying Rent	26,968, 100%	2,322,949	39,201,928
$199 or Less	513, 1.90%, see rank	1.03%	1.50%
$200 to $299	1,046, 3.88%, see rank	1.85%	3.18%
$300 to $499	822, 3.05%, see rank	3.93%	7.37%
$500 to $699	1,425, 5.28%, see rank	11.03%	16.01%
$700 to $999	7,098, 26.32%, see rank	32.44%	29.17%
$1,000 to $1,499	9,548, 35.40%, see rank	34.44%	26.88%
$1,500 to $1,999	3,608, 13.38%, see rank	10.35%	9.79%
$2,000 or More	2,908, 10.78%, see rank	4.93%	6.10%
Median	$1,115, see rank	$998	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Miami Beach, FL	Florida	U.S.
Occupied Housing Units	43,650, 100%	7,217,508	116,211,092
No Vehicles Available	11,627, 26.64%, see rank	7.09%	9.12%
1 Vehicles Available	21,240, 48.66%, see rank	41.49%	33.80%
2 Vehicles Available	8,999, 20.62%, see rank	37.93%	37.48%
3 or More Vehicles Available	1,784, 4.09%, see rank	13.49%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.