Miami Beach, FL Real Estate
According to census data in the year 2000 there were 59,757 housing units in Miami Beach.
This represents a 4.3% decline from 62,413 in 1990.
Of those housing units, 59,757 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 Beach is about 36.6%.
Miami Beach's vacancy rate, including seasonal lodging, is about 22.7%.
Average household size is 1.88 people.
The majority of houses, apartments or condos in Miami Beach were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 30.90% |
| One Bedroom | 39.60% |
| Two Bedrooms | 19.60% |
| Three Bedrooms | 5.50% |
| Four Bedrooms | 2.70% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $334,400 |
| Median Price asked for vacant units | $684,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $649 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 47.70% |
| Debt Free | 34.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.1% |
