Miami Stats

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Category: Housing

Why Owning a Home is Less Common in Miami

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the Miami-Fort Lauderdale-West Palm Beach metro area, 58.5% of residents own their homes, lower than the national homeownership rate and the third lowest of any metro area in Florida. […]

Why Quality of Life is Lower in Florida

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

Miami is One of the Most Crowded Cities

There are 7,395 people per square mile in the Miami-Fort Lauderdale-West Palm Beach metro area, higher than the national population density of 6,321 Americans per square mile across all U.S. metro areas. Miami also has the highest population density of any Florida metro area. Population density can have a meaningful impact on home prices in […]

Why Miami is One of the Most Expensive Housing Markets

A typical home in the Miami-Fort Lauderdale-West Palm Beach, Florida metro area costs $241,700, more than the national median home value of $194,500. The median home value in Miami is also higher than in Florida as a whole, where the typical home is worth $179,800. Miami’s median home value is also the third highest of […]

Miami is the 23rd Most Expensive Housing Market in America

For the first time, the median price of a home in a U.S. metro area passed the $1 million mark. A typical home in the San Jose, California area sold in the second quarter of 2016 for $1,085,000, more than four times the national median home price of $240,700. Housing prices vary considerably between metro […]

Miami is Among the Bottom 20% in Homeownership

Home purchases in the United States have rebounded since the the recession that began in late 2007. The residential real estate market is a major pillar of the economy and returning interest in home buying is a healthy sign of economic activity. Over the last decade, however, the homeownership rate has steadily declined — from […]

Miami is Among the Best 15% of Cities for Single Mothers

Raising children on a single income is no easy feat, and single mothers in the United States struggle more than almost any other group of Americans. Still, some cities are easier for single mothers trying to make ends meet — and some cities are far worse. The costs of housing, food, childcare, and education give […]

Florida Has the 6th Highest Share of Urban Living

Since 1950, Americans have increasingly chosen to live in cities. Today, 81% live in urban areas, more than even before. Urban areas, however, make up just 3% of U.S. land area. The proportion of people living in urban areas varies considerably between states. 24/7 Wall St. reviewed data from the U.S. Census to determine the […]

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