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Miami, FL Homes for Sale & Real Estate

Homes for Sale in Miami, FL

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City Guide to Miami, FL
Introducing Miami Expenses & Housing Stats Jobs & Education Lifestyle

Quick facts about Miami:

• Population: 442,241

• Median age: 40.1

• Population per square mile: 11,135.9

• Land area: 35.87 square miles

• Number of households: 176,777

• Median household income: $39,049

• Income per capita: $28,804

Source: Latest U.S. Census data

What is Miami known for?

Nicknamed “The Magic City” thanks to its quick growth, Miami is the largest urban center in the state of Florida. The city was named after the Miami River that divides it, which comes from the Native American word “Mayaimi,” meaning “big water.”

Known for its climate, white sand beaches and nightlife, Miami has gained popularity for being a top spot for vacation. The delicious cuisine with Latin-American influences, water sports, and cultural diversity are just a few of the reasons people around the world visit Miami.

With the largest passenger port in the world, the city has also been called the cruise capital of the world, serving millions of passengers each year.

Are Miami homes for sale expensive?

Miami attracts many people around the world year-round, making its real estate market hot with increasing demand, but with a shortage of supply to support buyers’ needs. However, new residential towers are under construction that are expected to help with inventory. All in all, home prices in the Magic City have historically been on an upward trend and are expected to continue to rise. The median prices for single family homes, as well as townhomes and condos in Miami-Dade County, are:

What are the best neighborhoods to buy a home in Miami?

Miami has many neighborhoods — at least 25 within the city limits — that are all part of the city’s four main sections: Downtown, South, North and West.

Downtown

A hub for arts and entertainment, as well as home to Brickell (the city’s financial center), Downtown is one of the best areas to live in Miami. Its architecture boasts magnificent churches; emblematic skyscrapers (Miami has the country’s third-tallest skyline); and modern buildings on Biscayne Boulevard. There are also plenty of restaurants, bars, parks, art galleries and fashionable boutiques to enjoy in this part of town.

South Miami

The southern area of the city is home to Miami’s most historic neighborhoods. Famous for its tropical vibes, Coconut Grove is located along the Biscayne Bay and the Dinner Key Marina, making it the perfect place to enjoy natural sights and learn to sail. Coral Gables is another reputable neighborhood, featuring Mediterranean Revival architecture, remarkable shops, cafes along Miracle Mile, and a flourishing cultural scene.

North Miami

The north side of Miami has a diverse cultural mix, ranging from West Indian to Hispanic and European American roots. The sophisticated Design District is one of the top neighborhoods in the northern area and a center for luxury shopping, fine dining and exquisite art galleries. North Miami has a vast architecture, with options ranging from 1920 constructions to modern buildings.

West Miami

West Miami includes neighborhoods like Little Havana, West Flagler and Flaglami. The heart of Miami’s Cuban diaspora, Little Havana is well-known for its vibrant street life, restaurants and the annual Calle Ocho street festival — one of the largest Latin music festivals in the world.

What is the education level in Miami?

The schooling system in Miami is managed by Miami-Dade County Public Schools, one of the largest U.S. school districts. Investment in the digitalization of the school system is a priority, with many students and teachers using computer-driven learning platforms. Here, 78% of the population has a high school degree, while 30% has graduated from college and has at least a bachelor’s degree.

One of the most popular colleges in Miami is the University of Miami, located in Coral Gables. Downtown Miami is also home to the main campus of Miami Dade College, one of the largest schools in the nation. Other notable institutes of higher education in the city are Barry University, Florida International University, South Florida Institute of Technology, St. Thomas University and Keiser University.

What kind of jobs are there in Miami?

With its dreamy beaches and diverse culture, Miami’s economy is largely fueled by tourism, which is alive year-round. However, there are other industries that are also thriving in the Magic City, such as finance: Miami has the largest concentration of international banks in the U.S., but also has a flourishing domestic banking system. Thanks to its geographical location, trade is another major industry with a varied infrastructure that uses air, sea and data connections. Media, telecommunications, life sciences, health care and technology are also popular in Miami.

Some of the top companies in the city include Carnival Cruise Line, Microsoft, Apple, Royal Caribbean Group, Marriott International and Ryder, among others.

What to do in Miami?

The perfect weather and proximity to the ocean make Miami one of the best places to enjoy a variety of water sports, from kayaking to surfing and many others. Shopping, nightclubs and local cuisine are also part of the menu.

Miami also has some fascinating museums — such as the Museum of Science; the Children’s Museum; Phillip and Patricia Frost Museum of Science in Downtown Miami; and the Vizcaya Museum with its spectacular gardens. Other must-see cultural spots include the Wynwood Walls, an outdoor museum dedicated to street art; galleries across the Miami Design District; Allapattah; Little Haiti; Downtown Miami; South Beach; and the Adrienne Arsht Center for the Performing Arts that hosts Broadway shows.

For outdoor activities, the Everglades National Park is a 1.5-million-acre park that serves as a haven for crocodiles, panthers and manatees. Plant-lovers will also delight in the Fairchild Tropical Botanic Garden — 83 acres of tropical plants and lush greenery. One thing is sure: There’s something in Miami for every preference and age.