South Beach, FL is an affluent area with high demand for housing. The median value of a house in South Beach is $742,400, which is more than double the median US house value of $338,100. In the past year alone, South Beach has seen a 20.52% increase in house values compared to the 8.27% appreciation rate nationally. This shows that South Beach is an area with excellent potential for real estate investors looking to increase their wealth.
The median home cost in South Beach is $742,400. Home appreciation the last 10 years has been 211.6%. Home Appreciation in South Beach is up 26.8%.
Average Age of Homes
- The median age of South Beach real estate is 32 years old
The Rental Market in South Beach
- Renters make up 6.1% of the South Beach population
- 3.0% of houses and apartments in South Beach, 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.