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Miami Real Estate Market:
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Real estate in Miami, Florida has experienced for the last 4 years an incredible appreciation, as one of the leading markets in the country. A combination of rapid population growth, low interest rates, and a very desirable location, helped fuel a dramatic increase in real estate development and property values in the Magic City. |
According to the 2000 U.S. Census, real estate comprises 148,388 housing units within the City of Miami. Approximately 35 percent of the City's residential real estate stock is owner-occupied and 65 percent renter-occupied. The owner occupancy rate is nearly 24 percent less than Miami-Dade County. The City of Miami's total residential real estate inventory is nearly split between single-family units (1unit detached and attached) and multi-family units (5 units and greater). Together, single-family detached (45,523 units) and 20+ multi-family structures (39,636 units) comprise 57.3% of the City's total residential real estate inventory.
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Quick Facts About MiamiThe City of Miami is the largest municipality in Miami-Dade County, with a population of 362,470. The composition of Miami's population is 60% Hispanic, 22.3% African-American, and 11.9% White. There are 32 community/neighborhood parks with excellent facilities to enjoy the outdoors in our warm weather. Temperatures in Miami range from the highest averages in August, with 82.8° to the lowest in January with 67.2° Miami International Airport is one of the busiest worldwide: there're 80 airlines connecting Miami to over 150 destinations around the world. |
Miami Attractions:
For those who own real estate in Miami, the city offers a lot for all different interests: South Beach is a world class attraction on its own, with crystal clear waters, miles of fine sand, shopping and partying in a fascinating atmosphere with Art Deco architecture and exciting nightlife.
If you love nature, there is so much to see and do in Miami: Everglades National Park is the home to unique species of animals, including rare and endangered species. Just a few minutes from Miami, take a short ride along Tamiami Trail and enjoy Nature in a park designated as a World Heritage Site. Miami also features an excellent Seaquarium for great family fun: see sharks, dolphins, sea lions, seals, and learn about manatees. For the most unusual family attraction, visit Parrot Jungle, now the home for 1,100 tropical birds, 2,000 varieties of plants and flowers, and the best trained bird show in the world. It is a place where exotic birds "fly free" everyday.
| For a look at bygone eras, visit Vizcaya Museum and Gardens, a National Historic Landmark museum owned by Miami-Dade County accredited by the American Association of Museums. Wander through Vizcaya's breathtaking gardens along Biscayne Bay under the light of the moon. Volunteer Guides will be on hand to answer questions and lead tours in the gardens. Enjoy live jazz by the Reuben Hoch Trio in the Courtyard of the Main House. |
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For performing arts activities in Miami, the new Carnival Center for the Performing Arts serves as a showcase for the finest in established and developing cultural programs. Ballet, opera, jazz, modern dance, catch world premieres of top class performances in these beautiful new palace of arts in Miami.
