Aug 1 2017 37430 3

Dated: 08/01/2017

Views: 130

July's First-Time Homebuyer Report for Miami Metro Area

Posted by Homesnap on 7/22/2017 inMiami Metro Area

With an 11.9% increase over the last 10 years, the population of the Miami Metro Area is growing faster than other parts of the country. Also, with 5,564,635 residents, it is the ninth-most populated metro area in USA. Miami-Dade County, Broward County, and Palm Beach County are the three largest counties in terms of population. With a median age of 30 years, homes in the Miami Metro Area tend to be relatively old.


Homes in the Miami Metro Area are generally more expensive than others in the country with a median home value of $162,800 and an average list price of $383,573.


The typical dwelling in the Miami Metro Area is a two-bedroom condo worth about $398,425. To purchase a similar home, a buyer with good credit and a $79,685 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,454 monthly payment. The property tax rate is $14.29 per $1,000 of taxable assessed value.

Get started right now by checking out Miami Metro Area homes for sale or reviewing Miami Metro Area real estate trends.

Blog author image

Team H and L Miami

Team H&L Miami @ Real Estate Empire Group is a fast growing boutique Real Estate firm established in 2001. It began to revolutionize property sales as well as marketing through brokers, agents, and an....

Latest Blog Posts

Jul 15 2018 37430 1

Do You Need An Appraisal Contingency?Posted byTeam H&L Miami @Real Estate Empireon7/15/2018Once you have signed the purchase and sales agreement, the property will be appraised by a licensed

Read More

Jul 13 2018 37430 1

Is It Worthwhile to Invest in Home Improvements? Posted byTeam H&L Miami @Real Estate Empireon7/11/2018For a home seller who wants to maximize his or her house sale earnings, it may be beneficial

Read More

Jul 10 2018 37430 1

Why It's Worth Your Time to Conduct an In-Depth Home SearchPosted byTeam H&L Miami @Real Estate Empireon7/9/2018If you plan to conduct a house search, there is no reason to settle for inferior

Read More

Jul 9 2018 37430 1

Five Solutions For Creating An Eat-In KitchenWRITTEN BYJAYMI NACIRIPOSTED ONSUNDAY, 08 JULY 2018 14:06         Print  Email .

Read More