Miramar, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Miramar Neighborhoods Since 2000




Miramar, FL Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Miramar Housing Market Information

With 137,132 people, 38,474 houses or apartments, and a median cost of homes of $257,567, 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 63.64% of the city's housing units. Other types of housing that are prevalent in Miramar include large apartment complexes or high rise apartments ( 15.95%), row houses and other attached homes ( 14.76%), and a few mobile homes or trailers ( 2.85%).

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 72.46% of Miramar's homes, and 63.84% 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 ( 39.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.94%).

Miramar Home Appreciation Rates

Miramar's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Miramar during the period has been just -1.93%, which is lower than 80% of US communities.

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 7.59%, which is higher than appreciation rates in 84.61% 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 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Miramar 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 Miramar's latest annual appreciation rate is lower 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:
$257,567

Miramar, FL HOME PRICES

Value Range
> $1,382,000 0.1
$1,037,001 - $1,382,000 0.6
$691,001 - $1,037,000 3.0
$552,001 - $691,000 7.6
$414,001 - $552,000 17.1
$276,001 - $414,000 19.2
$138,001 - $276,000 35.4
$69,001 - $138,000 12.5
$0 - $69,000 4.5

High for FL
High for Nation

Value Relative to Nation Value Relative to State
21.4227118246807 31.8376068376068

Number Of Homes And Apartments:
38,474

Miramar Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
105.56% 4.27% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,250 / per month

Homeownership Rate

Homeownership
Owners 72.46
Renters 27.54
Vacant 9.43

Housing Market Details

 

Age of Homes

AGE OF Miramar HOMES
2000 or Newer 39.2
1970 - 1999 41.4
1940 - 1969 18.9
1939 or Older 0.4

Types of Homes

TYPE OF Miramar HOMES
Single-Family 63.6
Townhomes 14.8
Small Apt. Buildings 2.8
Apt. Complexes 16.0
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Miramar HOMES
No Bedroom 0.56
1 Bedroom 5.06
2 Bedrooms 22.34
3 Bedrooms 43.63
4 Bedrooms 20.21
5 or more bedrooms 8.20