Area Insights of Miami Beach, FL

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 2%, reflecting steady buyer interest. A total of 2180 homes were sold with 341 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

Miami Beach, FL

Date

04-06-2022

Price Ratio

94%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Gan Katan

PK to 4

Temple Beth Sholom Innovative School

PK to 4

Happy Kids Private School

KG to 2

Stars Learning Center

KG to 2

Fisher Island Day School

PK to 8

Middle School

Nautilus Middle School

6 to 8

Ratings

B-

High School

Miami Beach Senior High School

9 to 12

Ratings

C+

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population decrease of 4% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (109,209)
54,812 Male
54,397 Female
Education
16% High School
10% Associate
29% Bachelor
25% Graduate
Age

Average Age is 43 Years

Household Details

The area's household landscape is diverse, with 43% owner-occupied homes and 57% renter-occupied properties. Family households represent 49% of the population, indicating a strong community focus on family living. The average home value stands at $1,714,901, which suggests ample demand for multi-bedroom properties.

Total Households
54,668
Average home value
$1,714,901
Owned
43%
Rented
57%
Vacant
32%
Families
49%
Married
37%
With children
19%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 2% Asian, 3% Black, and 0% Native residents, alongside 49% White and 50% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 33% of households earning over $100,000 annually, while 26% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
3%
Healthcare
11%
Professional
11%
Education
7%
Services
33%
Labor
14%
Retail
11%
Other
10%
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