The Hammocks, FL is an affluent suburb located in Miami-Dade County. The median house value in The Hammocks is $517,500, which is significantly higher than the US median of $338,100. In the past year alone, The Hammocks has seen an appreciation of 22.93%, far exceeding the 8.27% increase in US housing values during the same time period. This indicates that The Hammocks is a desirable place to live and invest in property due to its higher than average real estate values and rapid appreciation rates.
The median home cost in The Hammocks (zip 33196) is $517,500. Home appreciation the last 10 years has been 179.0%. Home Appreciation in The Hammocks (zip 33196) is up 25.1%.
Average Age of Homes
- The median age of The Hammocks (zip 33196) real estate is 24 years old
The Rental Market in The Hammocks (zip 33196)
- Renters make up 25.8% of the The Hammocks (zip 33196) population
- 0.9% of houses and apartments in The Hammocks (zip 33196), 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.