The housing market in North Miami, FL is booming. The median value of a house in the area is $365,100, which is significantly higher than the national median value of $338,100. North Miami has seen an impressive increase in home values over the past year with a 22.93% appreciation rate, which is more than double the national average of 8.27%. This indicates that this area has become increasingly desirable to potential buyers and homeowners are benefiting from this surge in demand for housing.
The median home cost in North Miami is $365,100. Home appreciation the last 10 years has been 179.0%. Home Appreciation in North Miami is up 25.1%.
Average Age of Homes
- The median age of North Miami real estate is 56 years old
The Rental Market in North Miami
- Renters make up 43.1% of the North Miami population
- 2.9% of houses and apartments in North Miami, 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.