Miramar, Florida Housing Market Prices
Miramar Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 41% above the Florida median$439,673
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Median rent 26% above the Florida median$2,099
Housing Market Overview
| Metric | Miramar | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,673 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.8% | 11.2% | 7.5% |
| Median Gross Rent | $2,099 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Miramar is about 41% higher than in Florida. Rent is about 26% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Miramar, up about 11.8% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Miramar rose about 44.4% between 2015 and 2024, from $1,454 to $2,099. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Miramar.
Buying the median-priced home in Miramar costs roughly 17.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Miramar. The price-to-rent ratio in Florida is about 15.6.
| Metric | Miramar | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,673 | $311,338 | $248,835 |
| Median Household Income | $91,069 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Miramar rose about 99.3%, while median household income rose about 31.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Miramar | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 57.7% | 58.5% |
| Rental Rate | 30.6% | 27.7% | 31.2% |
| Vacancy Rate | 2.7% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Miramar has a homeownership rate of 66.7%, higher than the Florida average of 57.7%. Its housing vacancy rate is 2.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Miramar | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.07 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1992 | 1988 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Miramar was built around 1992. On average, 3.1 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Miramar, FL Housing Compared With Nearby Cities
How Miramar, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Miramar, FL | 139,534 | $439,673 #1/2 | $2,099 #1/2 | 68.5% #2/2 |
| Pembroke Pines, FL | 166,487 | $235,958 | $2,047 | 69.8% |
Frequently Asked Questions
Common questions about the housing market in Miramar, Florida.
What is the median home price in Miramar, Florida?
The median home price in Miramar, Florida is $439,673, higher than the Florida average of $311,338.
What is the average home price in Miramar, Florida?
The typical home price in Miramar, Florida, reported as the median sale price, is $439,673. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Miramar, Florida?
The median gross rent in Miramar, Florida is $2,099 per month, higher than the Florida average of $1,668.
What was the median gross rent in Miramar in 2020?
In 2020, the median gross rent in Miramar, Florida was $1,477 per month.
What is the price-to-rent ratio in Miramar, Florida?
The price-to-rent ratio in Miramar, Florida is about 17.5, meaning it would take roughly 17.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Miramar.
Are home prices or rent rising faster in Miramar, Florida?
Both home prices and rent are rising in Miramar, up about 11.8% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Miramar, Florida?
66.7% of households in Miramar, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Miramar, Florida?
The housing vacancy rate in Miramar, Florida is 2.7%, lower than the Florida average of 14.6%.
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