33109, Miami Beach, FL

Miami Beach, Florida is a city that has been known for its beautiful beaches and luxurious lifestyle. However, the city's economy has also been booming in recent years thanks to the increasing popularity of Miami as a tourist destination. This has led to an increase in home prices and home equity in Miami Beach.

According to Zillow, the median home value in Miami Beach was $1,099,000 as of September 2017. This is up from $927,000 as of September 2016 and $814,000 as of September 2015. The median home value is also higher than the statewide median home value of $767,500 and the national median home value of $217,500.

The increase in home values can be attributed to several factors:

-The growth of tourism in Miami

-An influx of wealthy people who are looking for luxury properties

-The low supply of homes available for purchase due to zoning restrictions that make it difficult to build new homes

-The high demand for housing due to an increasing population

-The low interest rates currently available on mortgages

Despite the increase in prices, there are still many opportunities available for buyers who are interested in purchasing a property in Miami Beach. There are plenty of neighborhoods that offer a range of price points and styles, so buyers can find what they're looking for without having to spend too much money or compromise on their desired features or amenities. Additionally, there are plenty of options available when it comes to financing a purchase – whether you want a traditional mortgage or something more exotic like an investment property loan or condo loan – so you can find a solution that works best for you and your situation.