In no way is Miami, FL your average city. Miami’s beaches, shopping, and nightlife are all next to none and neither is Miami real estate. In a comparison chart at Sperling’s BestPlaces, you can clearly see how Miami real estate stacks up against average real estate across the nation. Here is a brief review of the findings.
Miami is a city of renters. Over 58% of Miami’s homes are rental properties. This is far above the nation’s average of 21%. However, those who do own their own homes in Miami, own more expensive properties than the average American. The majority of owner-occupied homes in Miami are valued at $200,000 to $299,000. Nationally, the average owner-occupied home is valued at $100,000 to $149,000. Overall, homes are more expensive in Miami than, with the median home cost in Miami at $614,100 as compared with $217,200 elsewhere in the U.S.
When considering a Miami real estate purchase, it is important to be aware of how your property compares to other properties in the area and the nation. You will want to make sure that Miami is the place for you. If you are ready to make a piece of Miami real estate yours and you want to know your options, please contact Global Market Realty. We are here to serve all of your Miami real estate needs!
Ready to move to Miami? We have several Miami Homes, Miami Foreclosures, Miami Rentals, Miami luxury foreclosures, Miami Condo foreclosures. Search the Local MLS for Hundreds of Miami Homes and Miami Real Estate. Please contact us for a list Miami homes.
Miami VS United States: A Real Estate Comparison
In no way is Miami, FL your average city. Miami’s beaches, shopping, and nightlife are all next to none and neither is Miami real estate. In a comparison chart at Sperling’s BestPlaces, you can clearly see how Miami real estate stacks up against average real estate across the nation. Here is a brief review of the findings.
Miami is a city of renters. Over 58% of Miami’s homes are rental properties. This is far above the nation’s average of 21%. However, those who do own their own homes in Miami, own more expensive properties than the average American. The majority of owner-occupied homes in Miami are valued at $200,000 to $299,000. Nationally, the average owner-occupied home is valued at $100,000 to $149,000. Overall, homes are more expensive in Miami than, with the median home cost in Miami at $614,100 as compared with $217,200 elsewhere in the U.S.
When considering a Miami real estate purchase, it is important to be aware of how your property compares to other properties in the area and the nation. You will want to make sure that Miami is the place for you. If you are ready to make a piece of Miami real estate yours and you want to know your options, please contact Global Market Realty. We are here to serve all of your Miami real estate needs!
Ready to move to Miami? We have several Miami Homes, Miami Foreclosures, Miami Rentals, Miami luxury foreclosures, Miami Condo foreclosures. Search the Local MLS for Hundreds of Miami Homes and Miami Real Estate. Please contact us for a list Miami homes.
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