Explore Miami Beach, FL - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
0.27%
Investor Friendly Score
36.00%
Median Price
$680,000

Market Insights

The housing market in Miami Beach continues to see strong price appreciation, with values up 43.2% compared to last year. Home prices have increased 17.2% in the past month alone. At the current sales pace, it would take over 15.0 months to sell all available homes in Miami Beach, indicating an oversupplied market. Homes are taking about 103 days to sell, which is 22 days longer than this time last year. Only 6.7% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Miami Beach market with the affordability index at 31.5. Based on current market indicators, home prices in Miami Beach are projected to increase by approximately 3.8% over the next month.

Demographics market for - Miami Beach, FL

Total Population -

114,386

White Population

53.53%

Black Population

3.62%

Mexican3.40% (1.40% of total population)
Puerto Rican4.92% (2.03% of total population)
Cuban39.99% (16.46% of total population)
Dominican1.79% (0.74% of total population)
Salvadoran0.73% (0.30% of total population)
Costa Rican0.30% (0.12% of total population)
Gautemalan3.12% (1.29% of total population)
Honduran6.49% (2.67% of total population)
Nicaraguan3.15% (1.30% of total population)
Panamanian0.23% (0.09% of total population)
Argentinean8.62% (3.55% of total population)
Bolivian0.72% (0.29% of total population)
Chilean2.32% (0.96% of total population)
Colombian9.63% (3.96% of total population)
Ecuadorian2.13% (0.88% of total population)
Peruvian4.34% (1.79% of total population)
Uruguyan1.66% (0.68% of total population)
Venezuelan6.47% (2.66% of total population)

Indian 1.48% (0.61% of total population)
Bangladeshi 0%
Chinese 0.59% (0.24% of total population)
Bhutanese 0%
Burmese 0%
Filipino 0.73% (0.30% of total population)
Hmong 0%
Indonesian 0%
Japanese 0.25% (0.10% of total population)
Korean 0.11% (0.04% of total population)
Laotian 0%
Malaysian 0.06% (0.02% of total population)
Mongolian 0.03% (0.01% of total population)
Nepalese 0%
Pakistani 0.04% (0.02% of total population)
Srilankan 0.00% (0.00% of total population)
Taiwanese 0.06% (0.02% of total population)
Pakistani 0.04% (0.02% of total population)
Srilankan 0.00% (0.00% of total population)
Taiwanese 0.06% (0.02% of total population)
Thai 0.28% (0.11% of total population)
Vietnamese 0.38% (0.15% of total population)

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Miami Beach, FL

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Real Estate Market Prediction for - Miami Beach, FL

City Hotspots

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