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Miami, FL Housing

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As of 2010-2014, median price of a house in Miami is $211,400, which is higher than the state average of $156,200 and is higher than the national average of $175,700. The Miami median house value has grown by 76.02% since 2000. The growth rate for the price of a house in Miami is higher than the state average rate of 48.06% and is higher than the national average rate of 46.91%. The median year that a house in Miami was built is 1967, 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 48,273 Owner Occupied Houses in Miami, FL, #219

Miami, FL	211,400 USD
Florida	156,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #131

Miami, FL	76.02%
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, FL	Florida	U.S.
Total Housing Units	188,653, see rank, 100%	9,051,851	132,741,033
Occupied Housing Units	152,525, 80.85%, see rank	79.74%	87.55%
Owner Occupied	48,273, 25.59%, see rank	52.73%	56.34%
Renter Occupied	104,252, 55.26%, see rank	27.01%	31.21%
Vacant Housing Units	36,128, 19.15%, see rank	20.26%	12.45%
For Rent	9,180, 4.87%, see rank	2.97%	2.34%
For Sale Only	2,595, 1.38%, see rank	1.66%	1.20%
Rented or Sold, Not Occupied	3,737, 1.98%, see rank	1.21%	0.92%
For Seasonal, Recreational, or Occasional Use	13,268, 7.03%, see rank	9.84%	3.97%
For Migrant Workers	28, 0.01%, see rank	0.04%	0.03%
Other Vacant	7,320, 3.88%, see rank	4.54%	4.00%

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

Year Structure Built

Median Built Year, #821

Miami, FL	Florida	U.S.
1967	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, FL	%	Florida	U.S.
Owner-Occupied Units	48,273	100%	4,772,944	74,787,460
With a Mortgage	28,418	58.87%, see rank	61.11%	65.58%
Without a Mortgage	19,855	41.13%, 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, FL	1,828 USD
Florida	1,480 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Miami, FL	%	Florida	U.S.
$299 or Less	13	0.05%, see rank	0.21%	0.20%
$300 to $499	260	0.91%, see rank	1.53%	1.59%
$500 to $699	938	3.30%, see rank	5.00%	5.01%
$700 to $999	2,394	8.42%, see rank	14.91%	14.32%
$1,000 to $1,499	6,668	23.46%, see rank	29.50%	27.90%
$1,500 to $1,999	5,928	20.86%, see rank	21.21%	20.35%
$2,000 to $2,999	6,604	23.24%, see rank	18.45%	19.52%
$3,000 or More	5,613	19.75%, see rank	9.20%	11.12%

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

Miami, FL	35.20% 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, FL	%	Florida	U.S.
10% or Less	801	2.82%, see rank	4.76%	5.86%
10% to 20%	4,789	16.85%, see rank	25.89%	31.95%
20% to 30%	6,219	21.88%, see rank	25.92%	27.64%
30% to 40%	4,038	14.21%, see rank	14.93%	13.74%
40% or More	12,130	42.68%, 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, FL	518 USD
Florida	469 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Miami, FL	%	Florida	U.S.
$199 or Less	1,267	6.38%, see rank	9.06%	7.76%
$200 to $299	2,606	13.13%, see rank	13.71%	14.70%
$300 to $499	5,639	28.40%, see rank	32.19%	34.63%
$500 to $699	3,895	19.62%, see rank	22.09%	21.16%
$700 or More	6,448	32.48%, see rank	22.95%	21.75%

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

Miami, FL	16.20% 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, FL	%	Florida	U.S.
10% or Less	5,164	26.01%, see rank	36.34%	40.19%
10% to 20%	6,387	32.17%, see rank	31.41%	31.47%
20% to 30%	2,977	14.99%, see rank	12.98%	12.24%
30% to 40%	1,567	7.89%, see rank	6.40%	5.64%
40% or More	3,254	16.39%, 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, FL	Florida	U.S.
Total Housing Units	188,653, 100%	9,051,851	132,741,033
1-unit, Detached	48,098, 25.50%, see rank	54.16%	61.65%
1-unit, Attached	18,349, 9.73%, see rank	6.28%	5.82%
2 Units	9,438, 5.00%, see rank	2.17%	3.75%
3 or 4 Units	9,747, 5.17%, see rank	3.85%	4.43%
5 to 9 Units	13,809, 7.32%, see rank	5.03%	4.78%
10 or More Units	88,155, 46.73%, see rank	19.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	1,057, 0.56%, see rank	9.28%	6.49%

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

Rooms

	Miami, FL	Florida	U.S.
Total Housing Units	188,653, 100%	9,051,851	132,741,033
1 Room	11,461, 6.08%, see rank	1.65%	1.95%
2 Rooms	11,703, 6.20%, see rank	2.16%	2.48%
3 Rooms	54,094, 28.67%, see rank	10.38%	9.13%
4 Rooms	44,526, 23.60%, see rank	21.92%	16.60%
5 Rooms	35,832, 18.99%, see rank	23.70%	20.41%
6 Rooms	13,392, 7.10%, see rank	17.82%	18.06%
7 Rooms	10,670, 5.66%, see rank	10.59%	12.27%
8 Rooms	3,301, 1.75%, see rank	6.13%	8.48%
9 Rooms or More	3,674, 1.95%, see rank	5.66%	10.60%
Median Rooms	3.90, see rank	5.10	5.50

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

Bedrooms

	Miami, FL	Florida	U.S.
Total Housing Units	188,653, 100%	9,051,851	132,741,033
No Bedroom	11,952, 6.34%, see rank	1.80%	2.17%
1 Bedroom	60,848, 32.25%, see rank	10.62%	11.16%
2 Bedrooms	71,659, 37.98%, see rank	33.79%	26.69%
3 Bedrooms	33,851, 17.94%, see rank	38.45%	39.70%
4 Bedrooms	8,224, 4.36%, see rank	12.90%	16.05%
5 or More Bedrooms	2,119, 1.12%, see rank	2.45%	4.22%

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

House Heating Fuel

	Miami, FL	Florida	U.S.
Total Housing Units	152,525, 100%	7,217,508	116,211,092
Utility Gas	2,522, 1.65%, see rank	4.53%	48.85%
Bottled, Tank, or LP Gas	737, 0.48%, see rank	1.12%	4.86%
Electricity	139,024, 91.15%, see rank	92.30%	36.68%
Fuel Oil, Kerosene, etc.	86, 0.06%, see rank	0.22%	5.86%
Coal or Coke	16, 0.01%, see rank	0.01%	0.12%
Wood	17, 0.01%, see rank	0.20%	2.12%
Solar Energy	19, 0.01%, see rank	0.03%	0.05%
Other Fuel	52, 0.03%, see rank	0.04%	0.47%
No Fuel Used	10,052, 6.59%, see rank	1.56%	1.00%

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

Gross Rent

Monthly Rental	Miami, FL	Florida	U.S.
Occupied Units Paying Rent	101,783, 100%	2,322,949	39,201,928
$199 or Less	3,148, 3.09%, see rank	1.03%	1.50%
$200 to $299	4,829, 4.74%, see rank	1.85%	3.18%
$300 to $499	4,765, 4.68%, see rank	3.93%	7.37%
$500 to $699	12,612, 12.39%, see rank	11.03%	16.01%
$700 to $999	29,881, 29.36%, see rank	32.44%	29.17%
$1,000 to $1,499	27,474, 26.99%, see rank	34.44%	26.88%
$1,500 to $1,999	11,854, 11.65%, see rank	10.35%	9.79%
$2,000 or More	7,220, 7.09%, see rank	4.93%	6.10%
Median	$958, see rank	$998	$920

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

Vehicle Available

	Miami, FL	Florida	U.S.
Occupied Housing Units	152,525, 100%	7,217,508	116,211,092
No Vehicles Available	31,730, 20.80%, see rank	7.09%	9.12%
1 Vehicles Available	71,309, 46.75%, see rank	41.49%	33.80%
2 Vehicles Available	38,991, 25.56%, see rank	37.93%	37.48%
3 or More Vehicles Available	10,495, 6.88%, see rank	13.49%	19.61%

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