South Miami Heights, FL is an area with an impressive housing market. The median value for homes in this area is $430,400, which exceeds the US housing median value of $338,100. This region also experiences a higher than average house appreciation rate of 22.93%, compared to the US 1 year house appreciation rate of 8.27%. This makes South Miami Heights an attractive option for potential home buyers looking for a hefty return on their investment.
The median home cost in South Miami Heights is $430,400. Home appreciation the last 10 years has been 179.0%. Home Appreciation in South Miami Heights is up 25.1%.
Average Age of Homes
- The median age of South Miami Heights real estate is 36 years old
The Rental Market in South Miami Heights
- Renters make up 39.2% of the South Miami Heights population
- 1.7% of houses and apartments in South Miami Heights, 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.