What is the rental vacancy rate in Miami Beach, FL?
The rental vacancy rate in Miami Beach, FL is 7.6% (±1.5 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 3.4% (±1.2 points).
21,643 (±750) homes, 34.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Miami Beach, the rental vacancy rate went from 5.0% in 2015–2019 to 7.6% in 2020–2024 (+2.6 percentage points), a measurable increase.
Figures last updated on .
- Rental vacancy rate
- 7.6% (±1.5 points)
- Homeowner vacancy rate
- 3.4% (±1.2 points)
- Vacant homes
- 21,643 (±750)
Vacancy in Miami Beach against Miami-Dade County, its state and the nation
| Miami Beach | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 7.6% (±1.5 points) | 5.5% (±0.3 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 3.4% (±1.2 points) | 1.2% (±0.1 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 21,643 (±750) | 119,572 (±2,516) | 1,503,660 (±20,826) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Miami Beach, the rental vacancy rate is higher than in Miami-Dade County (5.5%).
It is not measurably different from Florida (7.6%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near Miami Beach
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Miami Beach | — | 7.6% (±1.5 points) | — |
| North Bay Village | 2.7 mi | 7.1% (±6.9 points) | Not measurably different |
| Fisher Island | 3.4 mi | 48.8% (±51.2 points) | Not measurably different |
| El Portal | 4.3 mi | 0.0% (±45.1 points) | Not measurably different |
| Miami Shores | 4.3 mi | 2.2% (±3.5 points) | Lower |
| Miami | 4.5 mi | 6.5% (±0.5 points) | Not measurably different |
| Indian Creek | 4.7 mi | 0.0% (±100.0 points) | Not measurably different |
| Surfside | 4.9 mi | 8.8% (±13.7 points) | Not measurably different |
| Biscayne Park | 5.3 mi | 0.0% (±21.5 points) | Not measurably different |
Nearby places with a measurably lower figure: Miami Shores, FL (2.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Miami-Dade County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 5 | Bal Harbour | 12.6% (±11.7 points) |
| 6 | Coral Gables | 11.4% (±4.2 points) |
| 7 | Surfside | 8.8% (±13.7 points) |
| 8 | Fountainebleau | 8.7% (±2.3 points) |
| 9 | Ojus | 8.2% (±5.4 points) |
| 10 | North Miami Beach | 8.1% (±3.2 points) |
| 11 | Miami Beach | 7.6% (±1.5 points) |
| 12 | Glenvar Heights | 7.4% (±3.5 points) |
| 13 | Aventura | 7.3% (±2.7 points) |
| 14 | North Bay Village | 7.1% (±6.9 points) |
| 15 | Kendale Lakes | 7.0% (±3.1 points) |
| 16 (tie) | Doral | 6.5% (±2.1 points) |
| 16 (tie) | Miami | 6.5% (±0.5 points) |
Showing 13 of 70 places in Miami-Dade County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Miami Beach
Is it hard to find a rental in Miami Beach?
The rental vacancy rate in Miami Beach, FL is 7.6% (±1.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Miami Beach tighter than it was?
In Miami Beach, the rental vacancy rate went from 5.0% in 2015–2019 to 7.6% in 2020–2024 (+2.6 percentage points), a measurable increase.
How many homes are vacant in Miami Beach?
An estimated 21,643 (±750) housing units, 34.2% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Miami Beach city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Miami Beach city, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Miami Beach city, Florida (place:45025, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Miami Beach at a glance
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- Rent by bedrooms in Miami Beach
- Rent burden in Miami Beach
- Renters and owners in Miami Beach
- Income and affordability in Miami Beach
- Home values in Miami Beach
- Homeowner costs in Miami Beach
- Property taxes in Miami Beach
- Types of homes in Miami Beach
- Bedrooms in Miami Beach
- Age of homes in Miami Beach
- Heating fuel in Miami Beach
- Commute and cars in Miami Beach
- Population growth in Miami Beach
- How long people stay in Miami Beach
- Crowding and facilities in Miami Beach
- Fair Market Rent in Miami Beach
- Florida landlord and tenant rules
- Housing across Miami-Dade County
- Florida places ranked by rental vacancy rate
- Housing data for every place in Florida