Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the South Miami, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in South Miami, FL and much more. Save thousands at closing with home foreclosure listings in South Miami, FL — up to 75% off market value!
South Miami is located in Miami-Dade, Florida, with an estimated municipal population of 11,911 residents. All of the best foreclosed homes for sale in South Miami are located in the following zip code areas on Foreclosure.com: 33143 33155 33243. The estimated population per square kilometer (.62 miles) in South Miami is 2,028.
So, about how much do homes cost in South Miami? The most recent median value of resident-owned homes in South Miami is 554,991. An estimated 53.8 percent of households in South Miami own their homes, with an average family size of 3.38. The median household income in South Miami is 62,067, with36.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in South Miami, the median commute time of resident workers (in minutes) is 30.3. And last, but certainly not least, are you looking for homes to rent in South Miami? If so, the average rent price paid by renters in South Miami is 1,338, 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 South 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 South Miami is 36.9, split between 51.8 percent male versus 48.2 female. The percentage of residents who report being married in South Miami is 41.8, with an average family size of 3.38.
The percentage of residents who report their race in South Miami is as follows:
|Black / African American||13.2%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near South Miami? Or maybe you are searching for 55+ active adult communities in and/or near South Miami?
The percentage of residents who report their age in South 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 South Miami with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in South Miami.
How do you know that living in -- or moving to -- South Miami is right where you need to be? Perhaps you grew up in South Miami or already live nearby; therefore, the decision to buy a home in South Miami is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to South 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 South Miami:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like South Miami.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in South Miami can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in South Miami, meanwhile, can field multiple offers from more qualified buyers.