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Housing Profile
Miami-Dade County, Florida
  • Population, 2012: 2551302. Miami-Dade County ranks # 1 of Florida's 67 counties in population.
  • Households, 2009: 859953
  • Homeownership Rate, 2009: 58.0%. Statewide, Florida's homeownership rate is 70.5%.
Population Projections
  • In 2040, Miami-Dade County is projected to have a population of 3179655, ranking it # 1 of Florida's 67 counties.

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

Place 2010 2012 2015 2020 2025 2030 20352040
Miami-Dade County 2496435 2551302 2591816 2717585 2840497 2959308 3071471 3179655
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide.
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, 2012: $227569. (Statewide, the average just value of a single family home in Florida in 2012 was $160174).
  • Mobile Home, average just value, 2012: $39952.
  • Condominium, average just value, 2012: $174152.

Home Sales Prices

  • The average sales price for a single family home was $408645 in 2012. The median sales price that year was $200000, compared to a statewide median sales price of $150000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Miami-Dade County, 1996-2012

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20112012
Miami-Dade County Single Family Homes 121000 125000 129000 135000 140000 155000 172000 195000 240000 300000 345400 365000 330000 245000 210000 199000 200000
Miami-Dade County Condominiums 80000 84000 89000 95000 102000 118900 135000 155000 185000 227000 255000 265000 296900 220000 185000 165000 171000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Miami-Dade County, 2007-2011 American Community Survey

Place Median Gross RentState Median Gross Rent
Miami-Dade County 1053 981
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, 2007-2011 American Community Survey 5-Year Summary File
  • In Miami-Dade County and the surrounding metro area, the HUD Fair Market Rent in 2012, representing rent for a typical modest apartment, was $819 for a studio apartment, $927 for a one-bedroom, $1125 for a two-bedroom, $1439 for a three-bedroom, and $1682 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2012 Fair Market Rents

Households by Monthly Rent Paid, Miami-Dade County, 2007-2011

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Miami-Dade County 10365 10959 13615 39272 79202 121577 62657 12354 350001
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, 2007-2011 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 54 licensed manufactured housing parks in Miami-Dade with 10325 lots in 2012.
  • There are 5144 licensed condominium developments in Miami-Dade with 299060 units in 2012. Of these, 1086 properties with 78478 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Miami-Dade County, 2005-2011

Application Count
Place County Property Type 2005 2006 2007 2008 2009 20102011
Miami-Dade County Miami-Dade One to four-family (other than manufactured housing) 91688 88885 40887 15937 10157 10728 11299
Miami-Dade County Miami-Dade Manufactured housing 123 137 103 60 21 22 14
Miami-Dade County Miami-Dade Multifamily 277 159 118 50 31 57 53
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2011

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 .

    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 2009, 351059 Miami-Dade County households (41%) pay more than 30% of income for housing. By comparison, 29% of households statewide are cost-burdened.
  • 167218 households in Miami-Dade County (19%) pay more than 50% of income for housing.

Households by Cost Burden, Miami-Dade County, 2009

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 508894 183841 167218
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.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Miami-Dade County, 2009

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 318338 101725 79073
Renter 190556 82116 88145
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 $52600 in 2012.

    Source: U.S. Department of Housing and Urban Development, 2012 Median Income

Households by Income and Cost Burden, Miami-Dade County, 2009

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 37349 10929 73081
30.01-50% AMI 16765 29549 47532
50.01-80% AMI 46451 57396 28574
80.01+% AMI 408329 85967 18031
Total 508894 183841 167218
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.

Elderly Households

  • 195025 households in Miami-Dade County (22.7%) are headed by a person age 65 or older in 2009. In comparison, 27.8% of households statewide are headed by elderly persons.
  • 127531 of elderly households in Miami-Dade County (65.4%) own their homes.
  • 84857 elderly households (44%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Miami-Dade County, 2009

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65+ 110168 38429 46428
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.

Size of Households

  • 438157 households in Miami-Dade County (51%) are made up of 1-2 persons in 2009. 44% of these households pay more than 30% of income for rent or mortgage costs.
  • 289658 households in Miami-Dade County (34%%) are made up of 3-4 persons in 2009. 38% of these households pay more than 30% of income for rent or mortgage costs.
  • 132100 households in Miami-Dade County (15%%) are made up of 5 persons or more in 2009. 37% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Miami-Dade County, 2009

Number of Persons in the Household Amount of Income Paid for Housing
0-30% 30.01-50%50.01+ %
1-2 246714 91717 99726
3-4 178905 63258 47495
5+ 83268 28857 19975
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.

Supply Characteristics

Single Family Home Size and Age

  • In 2012, the median size for a new single-family home in Miami-Dade County was 1945 square feet.

Year Structure Built, Miami-Dade County, 2007-2011 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 130045 118840 151692 198177 133520 152458 65488 36503 986723 13.2 12.0 15.4 20.1 13.5 25.8
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, 2007-2011 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Miami-Dade County, 2007-2011 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, 2007-2011 American Community Survey 5-Year Summary File