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Housing Profile
Miami-Dade County, Florida
  • Population, 2015: 2653936. Miami-Dade County ranks # 1 of Florida's 67 counties in population.
  • Households, 2015: 941119
  • Homeownership Rate, 2015: 55.9%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Miami-Dade County is projected to have a population of 3423608, ranking it # 1 of Florida's 67 counties.

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

Place 2010 2015 2020 2025 2030 20352040
Miami-Dade County 2496435 2653936 2831991 2996015 3155294 3294705 3423608
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, 2015: $298943. (Statewide, the average just value of a single family home in Florida in 2015 was $$202612).
  • Mobile Home, average just value, 2015: $29188.
  • Condominium, average just value, 2015: $264978.

Home Sales Prices

  • The average sales price for a single family home was $456889 in 2015. The median sales price that year was $275000, compared to a statewide median sales price of $$202000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Miami-Dade County, 1996-2015

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
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 275000
Miami-Dade County Condominiums 80000 84000 89000 95000 102000 118900 135000 155000 185000 227000 255000 265000 296900 220000 185000 165000 170000 200000 221000 223200
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Miami-Dade County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Miami-Dade County 1098 998
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, 2010-2014 American Community Survey 5-Year Summary File
  • In Miami-Dade County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $774 for a studio apartment, $975 for a one-bedroom, $1250 for a two-bedroom, $1671 for a three-bedroom, and $1987 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, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Miami-Dade County 7934 12085 12187 37629 79056 133751 78842 13925 375409
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, 2010-2014 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 5255 licensed condominium developments in Miami-Dade with 309373 units in 2012. Of these, 1093 properties with 78138 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Miami-Dade County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Miami-Dade County Miami-Dade One to four-family (other than manufactured housing) 91688 88885 40887 15937 10157 10728 11299 16093 18758 21303
Miami-Dade County Miami-Dade Manufactured housing 123 137 103 60 21 22 14 30 20 16
Miami-Dade County Miami-Dade Multifamily 277 159 118 50 31 57 53 100 123 176
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

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 2015, 498065 Miami-Dade County households (53%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 278538 households in Miami-Dade County (30%) pay more than 50% of income for housing.

Households by Cost Burden, Miami-Dade County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 443054 219527 278538
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, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 288027 111915 126575
Renter 155027 107612 151963
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 $48100 in 2016.

Households by Income and Cost Burden, Miami-Dade County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 24766 20406 137683
30.01-50% AMI 27314 41273 76536
50.01-80% AMI 56106 70666 41795
80.01+% AMI 334868 87182 22524
Total 443054 219527 278538
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 223414 households in Miami-Dade County (23.7%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 151340 of elderly households in Miami-Dade (67.7%) own their homes.
  • 112749 elderly households (50%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Miami-Dade County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 110665 52064 60685
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 2015, the median size for a new single-family home in Miami-Dade County was 1965 square feet.

Year Structure Built, Miami-Dade County, 2010-2014 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 148568 117707 154399 192542 133223 149586 60820 37751 994596 14.9 11.8 15.5 19.4 13.4 25.0
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, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Miami-Dade County, 2010-2014 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 47422 5.7 40639 4.9 15723 1.6 10424 1.0
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, 2010-2014 American Community Survey 5-Year Summary File