Miami, FL Real Estate
According to census data in the year 2000 there were 148,554 housing units in Miami.
This represents a 2.8% growth from 144,550 in 1990.
Of those housing units, 148,554 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Miami is about 34.9%.
Miami's vacancy rate, including seasonal lodging, is about 9.6%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Miami were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 19.50% |
| One Bedroom | 34.40% |
| Two Bedrooms | 28.80% |
| Three Bedrooms | 13% |
| Four Bedrooms | 3.30% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $120,100 |
| Median Price asked for vacant units | $114,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $438 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 49.60% |
| Debt Free | 36.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.1% |
