What is the rental vacancy rate in North Miami, FL?
The rental vacancy rate in North Miami, FL is 3.6% (±1.4 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 2.5% (±1.4 points).
1,785 (±330) homes, 8.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In North Miami, the rental vacancy rate went from 7.0% in 2015–2019 to 3.6% in 2020–2024 (−3.4 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 3.6% (±1.4 points)
- Homeowner vacancy rate
- 2.5% (±1.4 points)
- Vacant homes
- 1,785 (±330)
Vacancy in North Miami against Miami-Dade County, its state and the nation
| North Miami | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 3.6% (±1.4 points) | 5.5% (±0.3 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 2.5% (±1.4 points) | 1.2% (±0.1 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 1,785 (±330) | 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 North Miami, the rental vacancy rate is lower than in Miami-Dade County (5.5%).
It is also lower than in Florida (7.6%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near North Miami
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| North Miami | — | 3.6% (±1.4 points) | — |
| Biscayne Park | 1.5 mi | 0.0% (±21.5 points) | Not measurably different |
| North Miami Beach | 2.0 mi | 8.1% (±3.2 points) | Higher |
| Biscayne Gardens | 2.2 mi | 4.5% (±2.2 points) | Not measurably different |
| Bay Harbor Islands | 2.4 mi | 0.0% (±4.8 points) | Not measurably different |
| Miami Shores | 2.4 mi | 2.2% (±3.5 points) | Not measurably different |
| Indian Creek | 2.5 mi | 0.0% (±100.0 points) | Not measurably different |
| Bal Harbour | 2.9 mi | 12.6% (±11.7 points) | Not measurably different |
| Surfside | 3.1 mi | 8.8% (±13.7 points) | Not measurably different |
Nearby places with a measurably higher figure: North Miami Beach, FL (8.1%).
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 |
|---|---|---|
| 28 | Pinewood | 4.2% (±2.4 points) |
| 29 | The Hammocks | 4.0% (±2.0 points) |
| 30 | Westview | 3.8% (±4.5 points) |
| 31 (tie) | Coral Terrace | 3.7% (±2.7 points) |
| 31 (tie) | South Miami Heights | 3.7% (±2.1 points) |
| 33 (tie) | Ives Estates | 3.6% (±2.9 points) |
| 33 (tie) | North Miami | 3.6% (±1.4 points) |
| 35 | Naranja | 3.4% (±3.3 points) |
| 36 (tie) | Palmetto Bay | 3.3% (±3.5 points) |
| 36 (tie) | Tamiami | 3.3% (±1.5 points) |
| 38 (tie) | Miami Gardens | 3.2% (±1.2 points) |
| 38 (tie) | Sweetwater | 3.2% (±2.0 points) |
| 40 (tie) | Leisure City | 3.1% (±2.3 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.
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Questions about North Miami
Is it hard to find a rental in North Miami?
The rental vacancy rate in North Miami, FL is 3.6% (±1.4 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 North Miami tighter than it was?
In North Miami, the rental vacancy rate went from 7.0% in 2015–2019 to 3.6% in 2020–2024 (−3.4 percentage points), a measurable decrease.
How many homes are vacant in North Miami?
An estimated 1,785 (±330) housing units, 8.1% 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 — North Miami city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — North Miami 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 North Miami city, Florida (place:49450, 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
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- Renters and owners in North Miami
- Income and affordability in North Miami
- Home values in North Miami
- Homeowner costs in North Miami
- Property taxes in North Miami
- Types of homes in North Miami
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- Crime reported to police in North Miami
- Population growth in North Miami
- How long people stay in North Miami
- Crowding and facilities in North Miami
- Fair Market Rent in North Miami
- Florida landlord and tenant rules
- Housing across Miami-Dade County
- Florida places ranked by rental vacancy rate
- Housing data for every place in Florida