What is the rental vacancy rate in South Miami, FL?
The rental vacancy rate in South Miami, FL is 6.3% (±3.5 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.3% (±0.4 points).
473 (±162) homes, 9.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In South Miami, the rental vacancy rate went from 10.5% in 2015–2019 to 6.3% in 2020–2024 (−4.2 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 6.3% (±3.5 points)
- Homeowner vacancy rate
- 0.3% (±0.4 points)
- Vacant homes
- 473 (±162)
Vacancy in South Miami against Miami-Dade County, its state and the nation
| South Miami | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 6.3% (±3.5 points) | 5.5% (±0.3 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.3% (±0.4 points) | 1.2% (±0.1 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 473 (±162) | 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 South Miami, the rental vacancy rate is not measurably different from Miami-Dade County (5.5%).
It is not measurably different from Florida (7.6%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near South Miami
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| South Miami | — | 6.3% (±3.5 points) | — |
| Glenvar Heights | 1.3 mi | 7.4% (±3.5 points) | Not measurably different |
| Coral Terrace | 2.7 mi | 3.7% (±2.7 points) | Not measurably different |
| Coral Gables | 2.7 mi | 11.4% (±4.2 points) | Not measurably different |
| Olympia Heights | 3.0 mi | 2.7% (±4.3 points) | Not measurably different |
| Pinecrest | 3.1 mi | 2.8% (±4.7 points) | Not measurably different |
| West Miami | 3.4 mi | 6.3% (±5.5 points) | Not measurably different |
| Sunset | 3.6 mi | 1.3% (±2.1 points) | Lower |
| Westchester | 4.4 mi | 5.0% (±2.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Sunset, FL (1.3%).
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 |
|---|---|---|
| 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) |
| 18 (tie) | South Miami | 6.3% (±3.5 points) |
| 18 (tie) | West Miami | 6.3% (±5.5 points) |
| 20 | Kendall | 5.9% (±2.1 points) |
| 21 | Homestead | 5.6% (±2.4 points) |
| 22 | Virginia Gardens | 5.1% (±7.1 points) |
| 23 | Westchester | 5.0% (±2.6 points) |
| 24 | Opa-locka | 4.9% (±2.4 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 South Miami
Is it hard to find a rental in South Miami?
The rental vacancy rate in South Miami, FL is 6.3% (±3.5 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 South Miami tighter than it was?
In South Miami, the rental vacancy rate went from 10.5% in 2015–2019 to 6.3% in 2020–2024 (−4.2 percentage points), not a measurable change.
How many homes are vacant in South Miami?
An estimated 473 (±162) housing units, 9.1% 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 — South Miami city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — South 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 South Miami city, Florida (place:67550, 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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- Rent by bedrooms in South Miami
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- Renters and owners in South Miami
- Income and affordability in South Miami
- Home values in South Miami
- Homeowner costs in South Miami
- Property taxes in South Miami
- Types of homes in South Miami
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- Crime reported to police in South Miami
- Population growth in South Miami
- How long people stay in South Miami
- Crowding and facilities in South Miami
- Fair Market Rent in South 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