West Miami, FL is an excellent place to invest in housing. The median value of a house in West Miami is $534,500, which is significantly higher than the US house median value of $338,100. Furthermore, the one year house appreciation rate in West Miami was 22.93%, much higher than the US house appreciation rate of 8.27%. This means that those who have invested in West Miami housing have enjoyed great returns on their investments. Therefore, it is clear that West Miami is an ideal place to purchase real estate.
The median home cost in West Miami is $534,500. Home appreciation the last 10 years has been 179.0%. Home Appreciation in West Miami is up 25.1%.
Average Age of Homes
- The median age of West Miami real estate is 65 years old
The Rental Market in West Miami
- Renters make up 38.7% of the West Miami population
- 3.0% of houses and apartments in West 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.