One of the most popular migration destinations in the United States is Miami. According to the real estate site Redfin.com, user interest in moving to the Florida metropolitan city has tripled since last year.
For its part, the property analysis and data company CoreLogic, indicated that throughout 2020, home buyers left expensive states such as New York and California, and moved to more affordable metropolitan areas in Texas, Florida and the Carolinas, CNN reported .
And while Miami is a more affordable city than New York, San Francisco, Los Angeles or Boston, this is not exactly cheap. In fact, according to Investopedia, Miami ranks last on the list of the 10 most expensive cities in America.
How much does it cost to live in Miami?
One of the most important points when moving is the cost. According to an analysis by Realtor.com, it indicates that after seeing a fall in the price of rents during the pandemic, these are increasing again throughout the country. And in the specific case of Miami, the city had an average rent increase of 41.5%, compared to October of last year.
In January 2021, Relator.com estimated that the median rent in the Miami metropolitan area was US $ 1,854 and by October it increased to US $ 2,760. This is the breakdown of prices, according to the type of home:
Studio apartment: US $ 2,145
1 bedroom apartment: US $ 2,417
2 bedroom apartment: US $ 3,250
How do you know in which areas to search?
If you are new to a city, we recommend consulting various crime maps to get a sense of which areas may have higher crime rates and which may be safer.
The Miami government recommends an interactive map of criminal incidents that have been reported to authorities.
Finally, planning your move can be as complicated or easy as you want and can afford. Before committing to a moving service, check with different companies and compare the options you have.
Miami home price
The price of housing in Miami is linked to climate risk and that must be taken into account when looking for the best place to live.
Jesse Keenan, an associate professor at Tulane University – who coined the term climate gentrification – discovered that the value of single-family homes in Miami-Dade County that were located one meter or less above sea level had risen by slower rate than homes in higher areas.
Preliminary research he’s working on now suggests that, in addition to home values, rents are also rising faster in higher-elevation areas, Keenan said.
https://miamidiario.com/claves-para-tener-una-mudanza-exitosa-a-miami/
