Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 110,867, 30,946 total housing units (homes and apartments), and a median house value of $384,773, Miami Gardens real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Miami Gardens, accounting for 70.44% of the city's housing units. Other types of housing that are prevalent in Miami Gardens include large apartment complexes or high rise apartments ( 20.05%), row houses and other attached homes ( 4.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.30%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Miami Gardens. Owner-occupied housing accounts for 65.71% of Miami Gardens's homes, and 69.92% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Miami Gardens's housing was primarily built during this period, from the '40s through the '60s. A full 56.93% of the city's housing hails from this era. Other housing ages represented in Miami Gardens include homes built between 1970-1999 ( 33.73%) and housing constructed between 2000 and later ( 8.76%).
In the last 10 years, Miami Gardens has experienced some of the highest home appreciation rates of any community in the nation. Miami Gardens real estate appreciated 251.02% over the last ten years, which is an average annual home appreciation rate of 13.38%, putting Miami Gardens in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Miami Gardens definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Miami Gardens that despite a nationwide downturn in the housing market, Miami Gardens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Miami Gardens appreciation rates continue to be some of the highest in America, at 24.64%, which is higher than appreciation rates in 98.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Miami Gardens. Miami Gardens appreciation rates in the latest quarter were at 5.92%, which equates to an annual appreciation rate of 25.86%.
Importantly, this makes Miami Gardens one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Miami Gardens's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Miami Gardens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Miami Gardens - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Miami Gardens real estate investment or home purchase decisions.
High for Nation
Average for FL