There are currently 46,328 real estate properties in Miami Beach, FL, with a median automated valuation model (AVM) price of $393,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Miami Beach, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Miami Beach, FL, is $847,738.00, with the most expensive house in Miami Beach, FL, topping out at $63,057,700.00 and the cheapest home in Miami Beach, FL, clocking in at $35,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Miami Beach, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Miami Beach, FL, is on a rollercoaster ride. The average rent price in Miami Beach, FL, is $2,209.00. Indeed, when looking to rent in Miami Beach, FL, you can expect to pay as little as $800.00 or as much as $5,720.00, with the average rent median estimated to be $2,000.00. The good news is that finding an affordable and desirable property to rent in Miami Beach, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Miami Beach, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Miami Beach, FL and much more. Save thousands at closing with home foreclosure listings in Miami Beach, FL — up to 75% off market value!
Miami Beach is located in Miami-Dade, Florida, with an estimated municipal population of 88,885 residents. All of the best foreclosed homes for sale in Miami Beach are located in the following zip code areas on Foreclosure.com: 33140 33141 33139 33109 33119 33239. The estimated population per square kilometer (.62 miles) in Miami Beach is 4,461.
So, about how much do homes cost in Miami Beach? The most recent median value of resident-owned homes in Miami Beach is 458,552. An estimated 36.6 percent of households in Miami Beach own their homes, with an average family size of 2.93. The median household income in Miami Beach is 53,971, with27.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Miami Beach, the median commute time of resident workers (in minutes) is 27. And last, but certainly not least, are you looking for homes to rent in Miami Beach? If so, the average rent price paid by renters in Miami Beach is 1,396, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Miami Beach, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Miami Beach is 41.4, split between 51.7 percent male versus 48.3 female. The percentage of residents who report being married in Miami Beach is 40.1, with an average family size of 2.93.
The percentage of residents who report their race in Miami Beach is as follows:
|Black / African American||4.7%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Miami Beach? Or maybe you are searching for 55+ active adult communities in and/or near Miami Beach?
The percentage of residents who report their age in Miami Beach is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Miami Beach with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Miami Beach.
How do you know that living in -- or moving to -- Miami Beach is right where you need to be? Perhaps you grew up in Miami Beach or already live nearby; therefore, the decision to buy a home in Miami Beach is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Miami Beach for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Miami Beach:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Miami Beach.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Miami Beach can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Miami Beach, meanwhile, can field multiple offers from more qualified buyers.