Aug 1 2017 37430 3

Aug 1 2017 37430 3

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.

Henry Sanz Headshot
Phone: 305-458-3583
Dated: August 1st 2017
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