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Housing Profile
Miami-Dade County, Florida
  • Population, 2016: 2700787. Miami-Dade County ranks # 1 of Florida's 67 counties in population.
  • Households, 2016: 961752
  • Homeownership Rate, 2016: 55.9%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Miami-Dade County is projected to have a population of 3515798, ranking it # 1 of Florida's 67 counties.

Projected Total Population, Miami-Dade County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Miami-Dade County 2496435 2700787 2861399 3048609 3220008 3374195 3515798
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $335332. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $40320.
  • Condominium, average just value, 2016: $288271.

Home Sales Prices

  • The average sales price for a single family home was $438886 in 2016. The median sales price that year was $289000, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Miami-Dade County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Miami-Dade County Single Family Homes 121000 125000 129000 135000 140000 155000 172000 195000 240000 300000 345400 365000 330000 245000 210000 199000 210000 245000 261990 281000 289000
Miami-Dade County Condominiums 80000 84000 89000 95000 102000 118900 135000 155000 185000 227000 255000 265000 296900 220000 185000 165000 170000 200000 221000 248500 225000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Miami-Dade County, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Miami-Dade County, Florida 1112 1002
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File
  • In Miami-Dade County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $831 for a studio apartment, $1020 for a one-bedroom, $1295 for a two-bedroom, $1728 for a three-bedroom, and $2073 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Miami-Dade County, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Miami-Dade County 7644 11908 12695 37609 80844 138105 57888 17762 5571 2571 2762 13968 389327
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 53 licensed manufactured housing parks in Miami-Dade with 10198 lots in 2012.
  • There are 5288 licensed condominium developments in Miami-Dade with 309616 units in 2012. Of these, 1091 properties with 77873 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Miami-Dade County, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Miami-Dade County Miami-Dade One to four-family (other than manufactured housing) 91688 88885 40887 15937 10157 10728 11299 16093 18758 21303 24819
Miami-Dade County Miami-Dade Manufactured housing 123 137 103 60 21 22 14 30 20 16 35
Miami-Dade County Miami-Dade Multifamily 277 159 118 50 31 57 53 100 123 176 159
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

Foreclosures and Serious Delinquencies

  • The Miami PMSA had a foreclosure rate for 1-4 unit homes of 11.62% and a serious delinquency (90+ day) rate of 4.18% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2016, 509129 Miami-Dade County households (53%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 284678 households in Miami-Dade County (30%) pay more than 50% of income for housing.

Households by Cost Burden, Miami-Dade County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 452623 224451 284678
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Miami-Dade County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 294100 114335 129370
Renter 158523 110116 155308
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Miami-Dade County and the surrounding metro area, the HUD-estimated median income for a family of four is $51800 in 2017.

Households by Income and Cost Burden, Miami-Dade County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 25551 21037 140845
30.01-50% AMI 28099 42351 78230
50.01-80% AMI 57540 72200 42655
80.01+% AMI 341433 88863 22948
Total 452623 224451 284678
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 231887 households in Miami-Dade County (24.1%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 156973 of elderly households in Miami-Dade (67.7%) own their homes.
  • 117070 elderly households (50%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Miami-Dade County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 114817 54068 63002
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Miami-Dade County was 1973 square feet.

Year Structure Built, Miami-Dade County, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Miami-Dade County 9227 143228 120731 154249 191022 133681 148946 59113 38636 998833 0.9 14.3 12.1 15.4 19.1 13.4 24.7
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Miami-Dade County, 2011-2015 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Miami-Dade County 49683 5.9 41251 4.9 15119 1.5 8945 0.9
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File