Miami, Fl

Population: 417,650
Average annual home appreciation rate: 17.39%
Total of homes for sale in this market: 8,079
Median home price: $293,235
Median Rent: $1,055 per room
Home price range: 28.71% of homes are between $135,001 – $270,000
Median sales price: $155,000
Number of homes: 21,461
Median foreclosure sales price: $150,500
Foreclosure discount: 3%
Most common home type: 53.44% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 19.67%
Number of renters: 67.94%
Number of owner occupied: 32.06%
Number people living below poverty level: 29.92%
Unemployment rate: 5.70%
Is this area perfect for real estate deals going on right now? Importantly, this makes Miami one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

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