Housing Profile
Miami-Dade County, Florida

• Population, 2007: 2353085. Miami-Dade County ranks # 1 of Florida's 67 counties in population.

• Households, 2007: 814172

• In 2030, Miami-Dade County is projected to have a population of 2997197, ranking it # 1 of Florida's 67 counties.

Projected Total Population, Miami-Dade County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Miami-Dade County	2353085	2512294	2645507	2768308	2886801	2997197
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

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

• Single Family Home, average just value, 2008: $398522. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $161074.
• Condominium, average just value, 2008: $267332.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $509063 in 2007. The median sales price that year was $365000, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Miami-Dade County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Miami-Dade County	Condominiums	80000	84000	89000	95000	102000	118900	135000	155000	185000	227000	255000	265000
Miami-Dade County	Single Family Homes	121000	125000	129000	135000	140000	155000	172000	195000	240000	300000	345400	365000
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Miami-Dade County households in 2000 was $647 per month, compared to a statewide median rent of $641.

• In Miami-Dade County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $842 for a studio apartment, $953 for a one-bedroom, $1156 for a two-bedroom, $1479 for a three-bedroom, and $1728 for a four-bedroom unit.

Households by Monthly Rent Paid, Miami-Dade County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Miami-Dade County	9143	19076	11302	53881	125095	69880	30560	7896

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 332704 Miami-Dade County households (41%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 158449 households in Miami-Dade County (19%) pay more than 50% of income for housing.

Households by Cost Burden, Miami-Dade County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	481468	174255	158449
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Miami-Dade County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	299602	95923	74453
Renter	181866	78332	83996
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. 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 $49200 in 2008.

Households by Income and Cost Burden, Miami-Dade County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	35395	10282	69297
30.01-50% AMI	15710	28008	45107
50.01-80% AMI	43945	54657	27020
80.01+% AMI	386418	81308	17025
Total	481468	174255	158449
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 180467 households in Miami-Dade County (22.2%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 236969 of elderly households in Miami-Dade County (65.4%) own their homes.

• 78636 elderly households (44%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Miami-Dade County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	101831	35600	43036
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 415219 households in Miami-Dade County (51%) are made up of 1-2 persons in 2007. 44% of these households pay more than 30% of income for rent or mortgage costs.

• 274054 households in Miami-Dade County (34%%) are made up of 3-4 persons in 2007. 38% of these households pay more than 30% of income for rent or mortgage costs.

• 124906 households in Miami-Dade County (15%%) are made up of 5 persons or more in 2007. 37% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Miami-Dade County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	233605	87006	94608
3-4	169169	59916	44969
5+	78694	27337	18875
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 112260 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Miami Dade County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
28660	27125	56475

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Miami-Dade County was 1923 square feet.

Year Structure Built, Miami-Dade County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
35431	56783	140635	142827	191906	155186	129510	Miami-Dade County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 155516 housing units (20.0% of all units) in Miami-Dade County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 39311 units (5.1%) in Miami-Dade County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 8095 units (0.9%) in Miami-Dade County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 7948 units (0.9%) in Miami-Dade County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.