What percentage of people rent in Miami Lakes, FL?

40.2% (±3.1 points) of the occupied homes in Miami Lakes, FL are rented (2020–2024 American Community Survey).

That is 4,430 renting households against 6,602 that own their home.

In Miami Lakes, the share of households that rent went from 34.9% in 2015–2019 to 40.2% in 2020–2024 (+5.3 percentage points), a measurable increase.

Figures last updated on .

Households that rent
40.2% (±3.1 points)
Renting households
4,430 (±376)
Median renter income
$89,363 (±$6,958)

Who rents and who owns in Miami Lakes

Tenure, estimate (90% margin of error)
Miami LakesMiami-Dade CountyFloridaUnited States
Renter-occupied share40.2% (±3.1 points)47.8% (±0.5 points)32.4% (±0.2 points)34.8%
Renting households4,430 (±376)465,971 (±5,269)2,834,163 (±17,461)45,017,354
Owning households6,602 (±452)509,440 (±5,300)5,918,647 (±31,594)84,210,142
Average renter household size2.7 (±0.2)2.6 (±0.0)2.5 (±0.0)2.3
Average owner household size3.0 (±0.2)2.9 (±0.0)2.5 (±0.0)2.6
Median renter household income$89,363 (±$6,958)$53,660 (±$1,055)$53,617 (±$353)$52,966
Median owner household income$116,810 (±$12,302)$94,956 (±$1,395)$88,144 (±$469)$100,009

In Miami Lakes, the renter share is lower than in Miami-Dade County (47.8%).

It is also higher than in Florida (32.4%).

It is higher than the national figure (34.8%).

In Miami-Dade County, Miami Lakes ranks 32 of 70 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 205 of 857.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Miami Lakes has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent34.9% (±3.2 points)40.2% (±3.1 points)+5.3 percentage pointsMeasurable increase
Median gross rent$1,563 (±$95)$2,120 (±$93)+35.6%Up after inflation
Median household income$75,762 (±$2,779)$101,557 (±$5,871)+34.0%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Miami Lakes

Nearest places with a published estimate, compared with Miami Lakes
PlaceDistanceHouseholds that rentCompared with this place
Miami Lakes—40.2% (±3.1 points)—
Palm Springs North1.6 mi11.8% (±5.3 points)Lower
Country Club2.0 mi54.3% (±3.2 points)Higher
Hialeah Gardens2.9 mi38.8% (±4.7 points)Not measurably different
Hialeah3.2 mi53.4% (±1.4 points)Higher
Medley4.0 mi34.0% (±11.8 points)Not measurably different
Opa-locka4.1 mi71.1% (±5.1 points)Higher
Miramar4.3 mi31.2% (±2.2 points)Lower
Westview5.3 mi34.5% (±8.7 points)Not measurably different

Nearby places with a measurably lower figure: Palm Springs North, FL (11.8%), Miramar, FL (31.2%).

Nearby places with a measurably higher figure: Country Club, FL (54.3%), Hialeah, FL (53.4%), Opa-locka, FL (71.1%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Miami-Dade County, place by place

RankPlaceHouseholds that rent
26Sunny Isles Beach45.8% (±4.2 points)
27Virginia Gardens44.0% (±8.6 points)
28Goulds43.9% (±8.4 points)
29West Little River43.4% (±4.6 points)
30Ives Estates43.2% (±5.3 points)
31Bal Harbour42.4% (±10.8 points)
32Miami Lakes40.2% (±3.1 points)
33Indian Creek40.0% (±49.0 points)
34South Miami39.8% (±5.2 points)
35Coral Terrace39.7% (±4.2 points)
36Miami Springs38.9% (±6.0 points)
37Hialeah Gardens38.8% (±4.7 points)
38South Miami Heights37.9% (±3.3 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.

What you can do on Seayora in Miami Lakes

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Miami Lakes, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Miami Lakes beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Miami Lakes, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Miami Lakes

How many renters are there in Miami Lakes?

Miami Lakes has an estimated 4,430 (±376) renting households, 40.2% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Miami Lakes?

In Miami Lakes, the share of households that rent went from 34.9% in 2015–2019 to 40.2% in 2020–2024 (+5.3 percentage points), a measurable increase.

How big are renting households in Miami Lakes?

A renting household in Miami Lakes has 2.7 people on average, against 3.0 in an owned home.

How much do renters earn in Miami Lakes?

The median renting household in Miami Lakes, FL has an income of $89,363 (±$6,958) a year, against $116,810 for households that own their home.

Sources

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) and detailed tables (acs/acs5) for Miami Lakes town, Florida (place:45100, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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