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Which Miami neighborhood to buy a home: a buyer's guide

Carlos Balart · 2020-08-01 · 3 min read

For many people, Miami is the obvious choice: year-round sunshine, a diverse and vibrant culture, and an energetic professional scene. But the harder question is the one that actually matters before you sign anything — which Miami neighborhood should you buy a home in?

There are plenty of reasons to choose Miami as a place to live.

And Miami has room for everyone: tourists, entrepreneurs, renters and high-net-worth buyers alike. The real question is which Miami neighborhoods are the right fit for the home you actually want to buy.

The list below will help you read each Miami neighborhood through four lenses: home sales activity, housing affordability, amenities, and crime. Keep in mind that low sales activity per household is generally a good sign — it signals low turnover and a stable neighborhood.

Each of the areas below appeals to a different kind of buyer. Match the neighborhood to your use case — primary home, investment, or second residence — your budget, and your time horizon, and the shortlist gets a lot shorter.

1. Country Club

In the northwest corner of Miami-Dade County you'll find the Country Club area. Many buyers have looked at this zone precisely because it is affordable and appealing for buying a family home.

In Country Club you can find a wide range of properties under $400,000, surrounded by green space and well-served by amenities.

Country Club reads as an up-and-coming neighborhood with a bright, suburban profile. It has a low transaction rate per household and stands out for high affordability. Its violent-crime rate sits below the Florida state average.

2. North Miami Beach

North Miami Beach offers newer construction, intracoastal canal views and a spot close to the ocean at a very accessible price. It sits between I-95 and Biscayne Boulevard, which makes north-south access easy. A good share of the resident base is older generations. Among its most popular areas are Haulover Beach and the Chino neighborhood, running along 163rd and 167th Streets.

North Miami Beach combines strong market stability with affordability. It also stands out for its amenities and carries an average crime rate.

3. Wynwood

Wynwood is where a more urban, culturally rich character takes over. With more than 70 art galleries plus a wealth of retail and antique shops, it also has no shortage of bars and street-art installations. Developers have transformed this district into one of Miami's most popular art and fashion scenes.

Wynwood is an area with strong stability, good access and an average level of amenities. Its violent-crime rate sits well below Miami's overall average.

Explore homes for sale in Wynwood here.

4. Coral Gables

Coral Gables is home to the University of Miami and the Biltmore Hotel. Its Spanish-style architecture positions Coral Gables as one of Miami's most attractive areas. Just north of Coral Gables sits Little Gables, where, with comparable amenities, you can find smaller but more affordable homes.

Stability in Coral Gables is high given its compact footprint, while affordability and amenities sit above average. Crime rates are low.

Explore homes for sale in Coral Gables here.

5. Olympia Heights

West of Coral Gables lies Olympia Heights. While its accessibility is roughly average, its amenities rate as excellent. Its crime rate is the lowest among the five neighborhoods featured here.

Olympia Heights is defined by its many lakes — Lake Catalina, Lake Bluebird and Blue Lake among them. There are also parks, including Tropical Park, the largest nearby, and the Tropical Park Equestrian Center, which hosts more than thirty horse shows a year, alongside fields for soccer and softball and courts for basketball, volleyball and tennis.

The bottom line: buyers who want to be prudent while still enjoying Miami's sunny skies now have a place to start exploring. Buying in Miami gets easier once you understand the local economy, its solid growth, and its demographic trajectory. With these five rising Miami areas — and the essentials that let any buyer get a foothold — you have a sound starting point.

Thinking about buying in Miami?

I don't sell apartments. I help you make the decision — and sometimes the most useful thing I can do is tell you which one not to buy. Let's talk, no strings attached.

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