Miramar, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Miramar, FL Housing Market Trends

With 141,191 people, 41,263 houses or apartments, and a median cost of homes of $359,254, Miramar real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Miramar, accounting for 67.21% of the city's housing units. Other types of housing that are prevalent in Miramar include large apartment complexes or high rise apartments ( 16.34%), row houses and other attached homes ( 10.09%), and a few mobile homes or trailers ( 3.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Miramar. Owner-occupied housing accounts for 69.33% of Miramar's homes, and 60.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Miramar built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Miramar built between 2000 and later ( 38.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.92%).

Miramar Home Appreciation Rates

In the last 10 years, Miramar has experienced some of the highest home appreciation rates of any community in the nation. Miramar real estate appreciated 116.16% over the last ten years, which is an average annual home appreciation rate of 8.01%, putting Miramar in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Miramar 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 Miramar that despite a nationwide downturn in the housing market, Miramar real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Miramar appreciation rates continue to be some of the highest in America, at 8.21%, which is higher than appreciation rates in 76.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Miramar. Miramar appreciation rates in the latest quarter were at 2.23%, which equates to an annual appreciation rate of 9.24%.

Relative to Florida, our data show that Miramar'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 Miramar differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Miramar - 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 Miramar real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$359,254

Miramar, FL HOME PRICES

> $1,291,000
0.2%
0.2%
$968,001 - $1,291,000
1.5%
1.5%
$645,001 - $968,000
8.4%
8.4%
$516,001 - $645,000
12.1%
12.1%
$388,001 - $516,000
25.3%
25.3%
$258,001 - $388,000
28.5%
28.5%
$129,001 - $258,000
18.3%
18.3%
$65,001 - $129,000
3.7%
3.7%
$0 - $65,000
2.0%
2.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
41,263

Miramar Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
175.91% 4.89%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,256 / per month

Homeownership Rate

Owners
69.3%
69.3%
Renters
30.7%
30.7%
Vacant
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
38.7%
38.7%
1970 - 1999
44.3%
44.3%
1940 - 1969
16.9%
16.9%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.2%
67.2%
Townhomes
10.1%
10.1%
Small Apt. Buildings
2.9%
2.9%
Apt. Complexes
16.3%
16.3%
Mobile Homes
3.5%
3.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
5.8%
5.8%
2 Bedrooms
24.9%
24.9%
3 Bedrooms
41.1%
41.1%
4 Bedrooms
19.3%
19.3%
5 or more bedrooms
7.6%
7.6%
0.0% 100.0%
% OF HOMES