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Miramar real estate market overview
- Average Monthly Rent: $2,383
- Home Price/Value Percentage Change: 16.3%
- Median Home Value: $410,000
- Best Time To Sell a Home: December
- Affordability Index: 116
- Days To Sell a House: 56
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Miramar is located in the southwestern region of Broward County, and is the third largest city in the area in terms of geographic size. Miramar has a central location between Ft. Lauderdale and Miami, giving residents access to the combined cities airports and seaports.
Miramar has a temperate climate and receives over 60 inches of rain per year, making this a cooler city in comparison to other Florida cities.
Population, job market and cost of living
Miramar's population is 143,072, with a growth rate of 0.44% annually.
The job market has increased by 1.9% over the last year. In ten years, job growth is predicted to be 40.2%. This family-oriented city was named in the top 100 America's Best Places to Live, by Money Magazine in 2006 and 2008. Miramar is full of education opportunities, community based parks, year-round city events and a redeveloped downtown full of Mediterranean style architecture, which is one of the city's leading industries. Legal work, law enforcement, and health practitioners are also some of the major industries here.
Miramar's larger size results in decreased affordability. Its cost of living is higher than Florida's average due to housing and transportation costs.
Miramar real estate market details
- Miramar Isles
- Monarch Lakes
- Miramar Tropical
- Sunset Lakes
- Country Lakes
There has been a 16.3% increase in Miramar's median home value over the last year. As of 2022, the median home value in 2022 is $410,000.
On average, homes in Miramar sell after 56 days on the market.
In Miramar, selling in the month of December will earn homeowners the highest value for their home. Selling during the month of April can give homeowners the fastest sale.
The affordability index in Miramar is 116. This number indicates increased affordability in this city.
The top ranked public schools are Somerset Academy Miramar South, Somerset Academy Middle, Sunset Lakes Elementary, Dolphin Bay Elementary and Glades Middle School. This information is supported by data from The US Department of Education, The US Census Bureau and the Florida Department of Education.