Miami-dade County, Florida

Hialeah in Miami-Dade County FL Homestead in Miami-Dade County FL Key Biscayne in Miami-Dade County FL Miami in Miami-Dade County FL Miami Beach in Miami-Dade County FL North Miami Beach in Miami-Dade County FL Ochopee in Miami-Dade County FL Opa Locka in Miami-Dade County FL

Miami-Dade County

Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.

Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.

The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.

Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.

Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.

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My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Miami-dade County Florida.

Miami-dade County Florida Cities

There are 8 cities in Miami-dade County Florida. These are listed below. Click on a link for details.

Hialeah, Homestead, Key Biscayne, Miami, Miami Beach, North Miami Beach, Ochopee, Opa Locka,

Miami-Dade County has a population of approximately 2,591,035 people. The population increased 3.8% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Miami-Dade County is 1897.72 square miles and had a population density of 1315.5 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.

There are 990,558 housing units in Miami-Dade County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Miami-Dade County has a 57.6% homeownership rate compared to Florida's rate of 69.0%. Miami-Dade County's medium household income in 2011 was $43,957, which is lower than the medium income for Florida as a whole: $47,827.

Regional Economic Indicators
RegionPopulation
2012
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 19,317,568 $630,738 2.7% $47,827 9,026,965 $188,600
Miami-Dade County 2,591,035 $110,643 3.8% $43,957 990,558 $246,800

17.9% of the population in Miami-Dade County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:

Miami-Dade County Economic Activity

The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Miami-Dade County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $110,643 million, Miami-Dade County's economic activity represents 17.54% of the Florida economy.

Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $9,347 8.4%
Merchant wholesaler sales $60,760 54.9%
Retail sales $34,530 31.2%
Accommodation and food services sales $6,006 5.4%
Total $110,643100%

Miami-Dade County Regional Comparisons

Miami-Dade County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Miami-Dade County represents 46.6% of the region's economy.

Regional Economic Indicators
RegionPopulation
2012
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Indian River County 140,567 $2,455 1.8% $46,363 76,251 $179,300
St. Lucie County 283,866 $5,576 2.2% $44,947 137,581 $157,600
Martin County 148,817 $4,347 1.7% $53,612 78,356 $238,200
Palm Beach County 1,356,545 $38,668 2.8% $52,951 668,159 $236,600
Broward County 1,815,137 $73,668 3.8% $51,782 810,795 $225,300
Miami-Dade County 2,591,035 $110,643 3.8% $43,957 990,558 $246,800
Monroe County 74,809 $2,136 2.4% $53,889 52,552 $463,100
Total 6,410,776 $237,494 2.6% $49,643 2,814,252 $249,557

Miami-Dade Real Estate

There are 819,940 properties in Miami-Dade County. The following table shows a summary of them based on 2013 sales data.

Miami-Dade County Real Estate Sales Summary
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Commercial Property 0 0.00 1,456 $376,500 $351January 1st, 2013August 1st, 2013
Government Property 4,840 0.59 11 $135,000 $94January 1st, 2013July 1st, 2013
Miscellaneous Property 300 0.04 2 $1,527,500 $190February 1st, 2013March 1st, 2013
Residential Property 0 0.00 38,684 $149,500 $108January 1st, 2013September 1st, 2013

Commercial Real Estate in Miami-Dade County, Florida

0( .00%) of the properties in Miami-Dade County are classified as Commercial. 1,456 of them sold between January 1st, 2013 and August 1st, 2013. The total value of these sales was $2,395,711,980. The median sales price was $376,500. In 2013 the median sales price for A Class Commercial Property in Miami-Dade County was $1,193 per sq ft, B Class properties sold for $351/ft and C Class $87/ft.

Government Real Estate in Miami-Dade County, Florida

4,840( .59%) of the properties in Miami-Dade County are classified as Government. 11 of them sold between January 1st, 2013 and July 1st, 2013. The total value of these sales was $4,277,000. The median sales price was $135,000. In 2013 the median sales price for Government Property in Miami-Dade County was $94 per sq ft.

Miscellaneous Real Estate in Miami-Dade County, Florida

300( .04%) of the properties in Miami-Dade County are classified as Miscellaneous. 2 of them sold between February 1st, 2013 and March 1st, 2013. The total value of these sales was $3,055,000. The median sales price was $1,527,500. In 2013 the median sales price for Miscellaneous Property in Miami-Dade County was $190 per sq ft.

Residential Real Estate in Miami-Dade County, Florida

0( .00%) of the properties in Miami-Dade County are classified as Residential. 38,684 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $11,808,670,100. The median sales price was $149,500. In 2013 the median sales price for A Class Residential Property in Miami-Dade County was $338 per sq ft, B Class properties sold for $108/ft and C Class $42/ft.

Additional Details:

Miami-Dade Market Data

Miami-Dade Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 3,488 10,260,313
Government Property 4,719 105,969,892
Health Care 95 11,584,798
Hotel & Motel 10,202 41,314,903
Industrial 15,680 231,594,292
Land 18,756 15,143,486
Miscellaneous Property 321 8,884,889
Mobile/Manufactured 284 183,103
Multifamily 35,432 206,365,195
Office 10,735 106,845,508
Residential 723,533 1,148,530,400
Retail 11,842 147,953,940
Senior Housing 129 4,599,562
Special Purpose 2,329 35,217,268
Sports & Entertaining 217 7,580,191