Miami, FL 33116 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Miami, FL — 33116
Median Listing Price
--
Population
--
Households
975,411
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
1.1M
units
Occupied
975,411
89.1%
Vacant
119,572
10.9%
2024 Tenure
975K
occupied
Owner
509,440
52.2%
Renter
465,971
47.8%
Renter Share
47.8%
-0.1% YoY
Total Housing Units
1,094,983
+0.9% YoY
FY2026 Fair Market Rent — Miami-Dade County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,828
/month
1 BR
$1,995
/month
2 BR
$2,436
/month
3 BR
$3,127
/month
4 BR
$3,613
/month
FMR Trends — Miami-Dade County
Source: HUD Fair Market Rents
County Demographics
Median Age
40.7
2024
Population
Miami-Dade County Population
2,838,461
+2.3% YoY
Households
Total Households
975,411
+1.1% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.76
+0.7% YoY
Age
2024 Age Mix
2.7M
residents
Under 18
548,079
20.0%
Adults 18–64
1,726,381
63.0%
65 & Over
463,896
16.9%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
548,079
+1.4% YoY
Population 65 & Over
463,896
+2.6% YoY
Median Age
40.70
-0.2% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
88.0%
Moved (within US)
9.9%
Other
2.1%
Veterans
2.0%
-4.8% YoY
County Economy
Income
Median Household Income
$72K
+4.5% YoY
Per-Capita Income
$39K
+4.3% YoY
Mean Household Income
$107K
+4.7% YoY
Poverty
Below Poverty Level
14.7%
-1.3% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
68.7%
Public transit
3.3%
Worked from home
14.0%
Other
14.0%
Worked From Home
14.0%
+13.8% YoY
Mean Commute
30.90
-0.3% YoY
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