Miami Shores, 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 Miami Shores, Florida rental market.
Miami Shores, Florida
Average Apartment Rent
Y-o-Y Change in Average
Compared to a year ago, Miami Shores, Florida apartments have recorded a 0% rent increase.
Miami Shores, Florida |Average apartment rent trend
Miami Shores, Florida| Average apartment rent
Miami Shores, Florida | Apartment rent ranges
At 61.96%, apartments priced $1,000 - $1,500 represent the bulk of Miami Shores, Florida rentals, while condos priced $700 - $1000 hold the lowest share of the market – 2.06%.
Miami Shores, Florida | Housing tenure**
Renters take up 11% of Miami Shores, Florida real estate, occupying a total of 365 units, while homeowners live in 2,897 properties.
Median number of rooms of renter-occupied housing units**
Renter Median household income**
Average household size of renter occupied-housing units**
Rental vacancy rate**
Miami Shores, Florida | Renter-occupied housing units by no. of bedrooms**
There are 182 rentals in Miami Shores, Florida with 3 beds making up the highest share of the market, at 50%. Units with 4 beds, on the other hand, hold the lowest percentage (6%), amounting to 22 units. Overall, the median number of rooms in Miami Shores, Florida homes for rent is 5.5.
Miami Shores, Florida |Renter-occupied units by age of householder**
Most condos for rent in Miami Shores, Florida are occupied by residents in the 35 - 44 years age group (45%), followed by those in the 45 - 54 years age group (23%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Miami Shores, Florida | Renter-occupied housing units by family type**
Miami Shores, Florida | Renter-occupied housing units by the presence of own children**
A total of 288 apartments for rent in Miami Shores, Florida, or 79% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 140 units. All in all, the median size of a renter-occupied household in Miami Shores, Florida is 3.01.
Miami Shores, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Miami Shores, Florida.
Miami Shores, Florida | Renter-occupied units by year structure built**
The highest share of Miami Shores, Florida apartment rentals, namely 27% or 98 units, were Built 1990 - 1999, followed by those Built 1960 - 1969 (16%, 60 units), and the ones Built 1940 - 1949 (15%, 55 units).
Miami Shores, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Miami Shores, Florida renters (43%) moved in 2015 to 2016, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Miami Shores, Florida condos for rent is 2015.
Miami Shores, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Miami Shores, Florida renters have 2 vehicles available per household, 40% of them have 1 vehicle available, and 7% have 3 vehicles available.
Miami Shores, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Miami Shores, Florida |Geographical mobility in the past year for householders living in renter-occupies housing units**
Miami Shores, 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 Miami Shores, 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, 2018 American Community Survey 5-Year Estimates