Special offer

Rent vs. Buy a Miami-Dade Condo

By
Real Estate Agent with BHHS EWM

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)