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There are currently 3,785 real estate properties in Miami Shores, FL, with a median automated valuation model (AVM) price of $1,080,500.00. 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 Shores, 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 Shores, FL, is $1,212,538.00, with the most expensive house in Miami Shores, FL, topping out at $9,083,000.00 and the cheapest home in Miami Shores, FL, clocking in at $116,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Miami Shores, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Miami Shores, FL, is on a rollercoaster ride. The average rent price in Miami Shores, FL, is $2,230.00. Indeed, when looking to rent in Miami Shores, FL, you can expect to pay as little as $850.00 or as much as $4,320.00, with the average rent median estimated to be $2,160.00. The good news is that finding an affordable and desirable property to rent in Miami Shores, 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 Shores, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Miami Shores, FL and much more. Save thousands at closing with home foreclosure listings in Miami Shores, FL — up to 75% off market value!
Miami Shores is located in Miami-Dade, Florida, with an estimated municipal population of 10,365 residents. All of the best foreclosed homes for sale in Miami Shores are located in the following zip code areas on Foreclosure.com: 33141 33138 33153. The estimated population per square kilometer (.62 miles) in Miami Shores is 1,609.
So, about how much do homes cost in Miami Shores? The most recent median value of resident-owned homes in Miami Shores is 558,726. An estimated 88.9 percent of households in Miami Shores own their homes, with an average family size of 3.44. The median household income in Miami Shores is 123,478, with59.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Miami Shores, the median commute time of resident workers (in minutes) is 29.8. And last, but certainly not least, are you looking for homes to rent in Miami Shores? If so, the average rent price paid by renters in Miami Shores is 1,523, 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 Shores, 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 Shores is 39.8, split between 50 percent male versus 50 female. The percentage of residents who report being married in Miami Shores is 49, with an average family size of 3.44.
The percentage of residents who report their race in Miami Shores is as follows:
| White | 70.2% |
| Black / African American | 14.7% |
| Asian | 3.4% |
| American Indian / Alaskan Native | 0.4% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 4.3% |
| Other | 7% |
Looking for family-friendly neighborhoods in and/or near Miami Shores? Or maybe you are searching for 55+ active adult communities in and/or near Miami Shores?
The percentage of residents who report their age in Miami Shores is as follows:
| Under 10 | 14.6% |
| Aged 10-19 | 15.3% |
| 20s | 10.4% |
| 30s | 10.2% |
| 40s | 16.2% |
| 50s | 14.6% |
| 60s | 12.2% |
| 70s | 3.8% |
| 80+ | 2.7% |
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 Shores with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Miami Shores.
How do you know that living in -- or moving to -- Miami Shores is right where you need to be? Perhaps you grew up in Miami Shores or already live nearby; therefore, the decision to buy a home in Miami Shores is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Miami Shores 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 Shores:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Miami Shores.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Miami Shores can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Miami Shores, meanwhile, can field multiple offers from more qualified buyers.
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