North Miami, FL 33161 has a median home value of $420,100 which is higher than the US median home value of $338,100. The one year appreciation rate for homes in North Miami is 22.93%, significantly higher than the national one year appreciation rate of 8.27%. Thus, it is clear that housing in North Miami is becoming a more attractive investment option for potential buyers due to its strong recent growth and higher median values compared to other cities in the United States.
The median home cost in North Miami (zip 33161) is $420,100. Home appreciation the last 10 years has been 179.0%. Home Appreciation in North Miami (zip 33161) is up 25.1%.
Average Age of Homes
- The median age of North Miami (zip 33161) real estate is 58 years old
The Rental Market in North Miami (zip 33161)
- Renters make up 48.7% of the North Miami (zip 33161) population
- 3.1% of houses and apartments in North Miami (zip 33161), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.