Biscayne Park, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Biscayne Park, Florida rental market.
Biscayne Park, Florida
Average Apartment Rent
$1,952
Y-o-Y Change in Average
Apartment Rent
4%
As of July 2024
Compared to a year ago, Biscayne Park, Florida apartments have recorded a 4% rent increase.
Biscayne Park, Florida |Average apartment rent trend
Biscayne Park, Florida| Average apartment rent
Biscayne Park, Florida | Apartment rent ranges
At 54.19%, apartments priced $1,500 - $2,000 represent the bulk of Biscayne Park, Florida rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.42%.
Biscayne Park, Florida | Housing tenure**
Renters take up 25% of Biscayne Park, Florida real estate, occupying a total of 251 units, while homeowners live in 753 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$46,141
Average household size of renter-occupied housing units**
1.98
Biscayne Park, Florida | Renter-occupied housing units by no. of bedrooms**
There are 108 rentals in Biscayne Park, Florida with 2 beds making up the highest share of the market, at 43%. Units with 3 beds, on the other hand, hold the lowest percentage (15%), amounting to 37 units. Overall, the median number of rooms in Biscayne Park, Florida homes for rent is 3.8.
Biscayne Park, Florida |Renter-occupied units by age of householder**
Most condos for rent in Biscayne Park, Florida are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Biscayne Park, Florida | Renter-occupied housing units by family type**
Biscayne Park, Florida | Renter-occupied housing units by the presence of own children**
A total of 93 apartments for rent in Biscayne Park, Florida, or 37% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 61 units. All in all, the median size of a renter-occupied household in Biscayne Park, Florida is 1.98.
Biscayne Park, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 51% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Biscayne Park, Florida.
Biscayne Park, Florida | Renter-occupied units by year structure built**
The highest share of Biscayne Park, Florida apartment rentals, namely 35% or 88 units, were Built 1940 - 1949, followed by those Built 1960 - 1969 (35%, 87 units), and the ones Built 1950 - 1959 (22%, 56 units).
Biscayne Park, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Biscayne Park, Florida renters (57%) moved in 2018 to 2020, while only 4% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Biscayne Park, Florida condos for rent is 2019.
Biscayne Park, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Biscayne Park, Florida renters have 1 vehicle available per household, 25% of them have 2 or more vehicles available, and 18% have No vehicle available.
Biscayne Park, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Biscayne Park, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Biscayne Park, Florida | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Biscayne Park, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates