Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I just did the same search. Every listing under 300k is either land, a tiny apartment or somewhere you don’t want to be after dark. Anyone suggesting you can score a nice place in a safe area for the 100-200s in Miami (or even Fort Lauderdale) has zero clue about the SFL market. Double that (and then some).
That, and this thread is about rental prices for a 1br.
So in other words, you can find an affordable 1BR there.
Obviously there are very expensive apartments driving up the median price.
The difference with other cities on the coasts is that even if you look in the so called "wrong parts of town", you still won't find stuff like this:
Are they building new apartments in NYC? No. NYC has more European esthetic. We (I'm originally actually like old buildings and history. No one stays home. They work and go out. There are clubs open until 7 Am, that open at 4 AM.
If people cared about "new" apartments with granite countertops, and the kind of thing, they'd move to the burbs or the outer boroughs, especially Queens.
As you can in any city, like San Diego, where there are 125 available apartment rentals under $1,800 a month. 125! Seems about right since the median rent in San Diego is actually declining.
Sorry, again, you’re clearly not understanding what’s happening with the housing market in all of S. Florida, not just Miami proper. Zillow or apartments.com isn’t going to help you figure it out, either.
The interesting thing here is the only two posters seemingly offended by the original list both appear to reside in California - lol.
As you can in any city, like San Diego, where there are 125 available apartment rentals under $1,800 a month. 125! Seems about right since the median rent in San Diego is actually declining.
Sorry, again, you’re clearly not understanding what’s happening with the housing market in all of S. Florida, not just Miami proper. Zillow or apartments.com isn’t going to help you figure it out, either.
The interesting thing here is the only two posters seemingly offended by the original list both appear to reside in California - lol.
Surpass them as far as what? The number of people who can afford $3000 in rent? Definitely not, the former 2 have way more people who can afford that rental amount.
If you mean the number of wealthy households, I'm really not so sure about that either.
$200,000 is an extremely low barrier for wealth, and again it's not even close to being close, even for the year 2021 which is source of that IRS data your articles cite:
Households Earning $200,000+,2021:
San Jose-San Francisco-Oakland 833,931
Los Angeles-Long Beach 809,792
Miami-Port St Lucie-Fort Lauderdale 236,217
I think the media uses 1 or 2 years worth of data to make fantastic pronouncements about the future but they seem to be woefully ignorant of just how rich and powerful California is.
see below.
Yeah, I wouldnt get caught up in hype over 1 or 2 years worth of data---the economy is cyclical and California has proven itself to be the most resilient state economy in the country.
I mean, your articles suggest massive wealth gains in Florida at the expense of CA and other states that occured in 2021, which is great, congrats, but this is BEA economic data for the 2nd half of 2022:
This is the latest data available^, even more recent than your sources IRS data.
In other words, California's economy grew by $143B in the last 6 months of 2022, actually more than Florida and Texas combined, and even as far as percent growth, CA and FL are both in the 4-5 percent growth range- Who would believe that given what we have been reading in the media lately, right?
I actually hope Miami becomes a tech hub because I think the money from tech needs to spread away from here, but it's irksome that housing costs have to be so damn high where ever tech goes, and locals are not part of developers plans---that happened here in CA, obviously it's happening there now as well.
I hope FL and other states don't repeat our mistakes when it comes to housing, but I think it might be too late.
I wonder where the next it-place will be once FL and TX become too expensive. Mexico? I heard locals are fed up with all the Americans moving to Mexico City too, so who knows?
Do you have a link for the state data? Interesting to say the least
As you can in any city, like San Diego, where there are 125 available apartment rentals under $1,800 a month. 125! Seems about right since the median rent in San Diego is actually declining.
Sorry, again, you’re clearly not understanding what’s happening with the housing market in all of S. Florida, not just Miami proper. Zillow or apartments.com isn’t going to help you figure it out, either.
Maybe Trulia can help me figure it out.
When I search "Miami, FL" for sub $1800 rentals, I get 415 results.
When I search "San Diego, CA", a city 3X as populated, I get 125 results.
You'd think there would be many more results in San Diego as it is three times the size, but there aren't!
Let's check out smaller cities in each metro with the same search criteria:
Ft. Lauderdale, FL (population 180,000) : 365 results
When I search "Miami, FL" for sub $1800 rentals, I get 415 results.
When I search "San Diego, CA", a city 3X as populated, I get 125 results.
You'd think there would be many more results in San Diego as it is three times the size, but there aren't!
Let's check out smaller cities in each metro with the same search criteria:
Ft. Lauderdale, FL (population 180,000) : 365 results
Oceanside, CA (population 175,000) : 4 results
Try again. Zillow has 166 rental results in Miami using your criteria, not 415. And many of those are either rent controlled or income restricted units.
You can Zillow/Trulia/Apartment dot com your way to thinking you know any housing market in the USA, but that doesn’t negate the fact that San Diego has a lower 1 br median rent than Miami.
I know it’s a hard pill for the Californians on here to swallow (to the level that it’s becoming comical), but the facts are what they are.
True. But part of Houston And Dallas’s strengths are its size
The size is also its weakness.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Mexico? I heard locals are fed up with all the Americans moving to Mexico City too, so who knows?
