Miami Beach, Florida is a part of the South Beach/Miami Bayshore Submarket submarket area, and contains 7 zip codes, including: 33141, 33239, 33119, 33140, 33139, and 33154.
The 2019 average effective rent for Class A, B, and C apartments in the Miami Beach, FL submarket area was $2,727, which is 39.85% lower than 2014 average rent. This represents a compounded annual growth rate of 6.94%. 2019 vacancy in Miami Beach, FL was 7.20%.
The total population of the city of Miami Beach, FL has grown 4.49% since 2010. As of 2018, the population was 91,718. The median household income of the Miami Beach was $53,348, which is 11.52% lower than the national average.