There are currently 15,640 real estate properties in North Miami, FL, with a median automated valuation model (AVM) price of $268,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in North Miami, 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 North Miami, FL, is $339,209.00, with the most expensive house in North Miami, FL, topping out at $14,292,800.00 and the cheapest home in North Miami, FL, clocking in at $47,000.00. In other words, there’s something for every potential homebuyer or savvy investor in North Miami, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in North Miami, FL, is on a rollercoaster ride. The average rent price in North Miami, FL, is $1,730.00. Indeed, when looking to rent in North Miami, FL, you can expect to pay as little as $700.00 or as much as $4,260.00, with the average rent median estimated to be $1,720.00. The good news is that finding an affordable and desirable property to rent in North Miami, 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 North Miami, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in North Miami, FL and much more. Save thousands at closing with home foreclosure listings in North Miami, FL — up to 75% off market value!
North Miami is located in Miami-Dade, Florida, with an estimated municipal population of 62,822 residents. All of the best foreclosed homes for sale in North Miami are located in the following zip code areas on Foreclosure.com: 33168 33167 33160 33161 33181 33261. The estimated population per square kilometer (.62 miles) in North Miami is 2,877.
So, about how much do homes cost in North Miami? The most recent median value of resident-owned homes in North Miami is 199,701. An estimated 42.4 percent of households in North Miami own their homes, with an average family size of 4.01. The median household income in North Miami is 41,611, with12.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in North Miami, the median commute time of resident workers (in minutes) is 32.1. And last, but certainly not least, are you looking for homes to rent in North Miami? If so, the average rent price paid by renters in North Miami is 1,172, 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 North Miami, 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 North Miami is 36, split between 50.2 percent male versus 49.8 female. The percentage of residents who report being married in North Miami is 35.2, with an average family size of 4.01.
The percentage of residents who report their race in North Miami is as follows:
|Black / African American||60.2%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near North Miami? Or maybe you are searching for 55+ active adult communities in and/or near North Miami?
The percentage of residents who report their age in North Miami 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 North Miami with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in North Miami.
How do you know that living in -- or moving to -- North Miami is right where you need to be? Perhaps you grew up in North Miami or already live nearby; therefore, the decision to buy a home in North Miami is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to North Miami 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 North Miami:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like North Miami.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in North Miami can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in North Miami, meanwhile, can field multiple offers from more qualified buyers.