Miami Springs, FL is a desirable place to live with its attractive housing market. The median value of homes in Miami Springs is $628,800, significantly higher than the US median house value of $338,100. Additionally, Miami Springs showed an impressive 1 year appreciation rate of 22.93%, far exceeding the US average of 8.27%. This high appreciation rate suggests that buying property in Miami Spring can be a great investment and an excellent way to build wealth over time.
The median home cost in Miami Springs is $628,800. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Miami Springs is up 25.1%.
Average Age of Homes
- The median age of Miami Springs real estate is 59 years old
The Rental Market in Miami Springs
- Renters make up 38.5% of the Miami Springs population
- 1.2% of houses and apartments in Miami Springs, 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.