SOUTH MIAMI HOUSING MARKET INFORMATION With 12,073 people, 4,728 houses or apartments, and a median cost of homes of $1,213,411, South Miami house prices are not only among the most expensive in Florida, South Miami real estate also is some of the most expensive in all of America. Single-family detached homes are the single most common housing type in South Miami, accounting for 55.31% of the city's housing units. Other types of housing that are prevalent in South Miami include large apartment complexes or high rise apartments ( 31.31%), duplexes, homes converted to apartments or other small apartment buildings ( 9.41%), and a few row houses and other attached homes ( 3.58%). The most prevalent building size and type in South Miami are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.01% owning and 40.99% renting. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South Miami's housing was primarily built during this period, from the '40s through the '60s. A full 54.63% of the city's housing hails from this era. Other housing ages represented in South Miami include homes built between 1970-1999 ( 30.44%) and housing constructed between 2000 and later ( 14.41%). SOUTH MIAMI HOME APPRECIATION RATES In the last 10 years, South Miami has experienced some of the highest home appreciation rates of any community in the nation. South Miami real estate appreciated 146.64% over the last ten years, which is an average annual home appreciation rate of 9.45%, putting South Miami in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Miami definitely has a track record of being one of the best long term real estate investments in America through the last ten years. 蘑菇视频's data show that during the latest twelve months, South Miami's appreciation rate, at 7.53%, has been at or slightly above the national average. In the latest quarter, South Miami's appreciation rate has been 0.73%, which annualizes to a rate of 2.94%. Relative to Florida, our data show that South Miami's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.