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Housing Profile
Miami-Dade County, Florida
  • Population, 2013: 2582376. Miami-Dade County ranks # 1 of Florida's 67 counties in population.
  • Households, 2013: 905639
  • Homeownership Rate, 2013: 55.8%. Statewide, Florida's homeownership rate is 67.6%.
Population Projections
  • In 2040, Miami-Dade County is projected to have a population of 3260304, ranking it # 1 of Florida's 67 counties.

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

Place 2010 2013 2015 2020 2025 2030 20352040
Miami-Dade County 2496435 2582376 2635304 2788093 2932389 3056711 3159393 3260304
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, 2013: $229527. (Statewide, the average just value of a single family home in Florida in 2013 was $166535).
  • Mobile Home, average just value, 2013: $30318.
  • Condominium, average just value, 2013: $194889.

Home Sales Prices

  • The average sales price for a single family home was $413844 in 2013. The median sales price that year was $230000, compared to a statewide median sales price of $170000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Miami-Dade County, 1996-2013

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20122013
Miami-Dade County Condominiums 80000 84000 89000 95000 102000 118900 135000 155000 185000 227000 255000 265000 296900 220000 185000 165000 170000 196500
Miami-Dade County Single Family Homes 121000 125000 129000 135000 140000 155000 172000 195000 240000 300000 345400 365000 330000 245000 210000 199000 210000 230000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Miami-Dade County, 2008-2012 American Community Survey

Place Median Gross RentState Median Gross Rent
Miami-Dade County 1071 987
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, 2008-2012 American Community Survey 5-Year Summary File
  • In Miami-Dade County and the surrounding metro area, the HUD Fair Market Rent in 2014, representing rent for a typical modest apartment, was $747 for a studio apartment, $910 for a one-bedroom, $1166 for a two-bedroom, $1600 for a three-bedroom, and $1869 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2014 Fair Market Rents

Households by Monthly Rent Paid, Miami-Dade County, 2008-2012

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Miami-Dade County 9464 11405 13214 38313 78437 126092 67321 12936 357182
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, 2008-2012 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 54 licensed manufactured housing parks in Miami-Dade with 10255 lots in 2012.
  • There are 5170 licensed condominium developments in Miami-Dade with 302133 units in 2012. Of these, 1090 properties with 78080 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Miami-Dade County, 2005-2013

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 20122013
Miami-Dade County Miami-Dade One to four-family (other than manufactured housing) 91688 88885 40887 15937 10157 10728 11299 16093 18758
Miami-Dade County Miami-Dade Manufactured housing 123 137 103 60 21 22 14 30 20
Miami-Dade County Miami-Dade Multifamily 277 159 118 50 31 57 53 100 123
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2013

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 2013, 495052 Miami-Dade County households (55%) pay more than 30% of income for housing. By comparison, 43% of households statewide are cost-burdened.
  • 276534 households in Miami-Dade County (31%) pay more than 50% of income for housing.

Households by Cost Burden, Miami-Dade County, 2013

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 410587 218518 276534
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, 2013

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 258515 113742 133342
Renter 152072 104776 143192
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 $48400 in 2014.

    Source: U.S. Department of Housing and Urban Development, 2014 Median Income

Households by Income and Cost Burden, Miami-Dade County, 2013

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 23776 20586 136676
30.01-50% AMI 23830 43548 72900
50.01-80% AMI 58328 67116 42547
80.01+% AMI 304653 87268 24411
Total 410587 218518 276534
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 210269 households in Miami-Dade County (23.2%) are headed by a person age 65 or older in 2013. In comparison, 28.7% of households statewide are headed by elderly persons.
  • 141708 of elderly households in Miami-Dade (67.4%) own their homes.
  • 110203 elderly households (52%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Miami-Dade County, 2013

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 100066 47652 62551
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 2013, the median size for a new single-family home in Miami-Dade County was 1953 square feet.

Year Structure Built, Miami-Dade County, 2008-2018 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Miami-Dade County 135844 118063 153142 195759 133365 151064 64514 37613 989364 13.7 11.9 15.5 19.8 13.5 25.6
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, 2008-2012 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Miami-Dade County, 2008-2012 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 44237 5.4 38047 4.6 16945 1.7 11869 1.2
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, 2008-2012 American Community Survey 5-Year Summary File