Rent vs. Buy a Miami Condo
It’s the age old question! Should I rent or buy a Miami-Dade Condo? Well Trulia is here to save the day again with some interesting data that shows’ buying a Miami Condo is wiser and more cost efficient then renting one in today’s Miami real estate market.
Here’s the rent vs. buy data for Miami-Dade:
Miami-Dade Rent Buy Ratio: 8
Miami-Dade typical Rent: $1500 to $2000
Miami-Dade typical purchase price: $100,000 to $200,000
Miami-Dade Population: 433,000
Miami-Dade Job Growth: 2.6%
Miami-Dade Foreclosure Rate: 0.22%
Miami-Dade Unemployment Rate: 10.9%
For the full report on whether it’s best to Rent vs. Buy in Miami-Dade visit Trulia
For an MLS search to available Miami Condos visit the Miami Real Estate Website.
Eddie La Rosa
Realtor, EWM Realtors
Miami Property Sales Hotline: 305-968-8397
Website: www.eddielarosa.com
Comments (0)Subscribe to CommentsComment