The housing market in Doral, FL is booming due to its close proximity to Miami. The median value of a house in Doral currently stands at $512,800, which is much higher than the US median house value of $338,100. Furthermore, the 1-year appreciation rate for houses in Doral is 22.93%, much higher than the 8.27% national appreciation rate. This indicates that investment in property in Doral could yield high returns over time and makes it an attractive option for potential buyers or investors looking for a lucrative real estate market.
The median home cost in Doral is $512,800. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Doral is up 25.1%.
Average Age of Homes
- The median age of Doral real estate is 17 years old
The Rental Market in Doral
- Renters make up 36.4% of the Doral population
- 3.2% of houses and apartments in Doral, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.