Miami Shores, FL is a prime area for housing, with a median value of $938,700 compared to the US house median value of $338,100. The 1 year appreciation rate of 8.27% for US houses is greatly surpassed by the 22.93 % appreciation rate for houses in Miami Shores. This makes this area an extremely desirable place to invest and live in as it has seen great growth and financial gain in the past year. With all these factors considered, Miami Shores is an ideal location for anyone seeking real estate investment or a new home.
The median home cost in Miami Shores is $938,700. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Miami Shores is up 25.1%.
Average Age of Homes
- The median age of Miami Shores real estate is 63 years old
The Rental Market in Miami Shores
- Renters make up 13.1% of the Miami Shores population
- 1.2% of houses and apartments in Miami Shores, 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.