South Miami, FL 33143

South Miami No HOA Demographics

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Real Estate Owner & Seller Storage & Parking Market Insights Demographics

Age

42.8 ±2.1

Median age

about the same as the figure in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 41.8 ±0.2

about the same as the figure in Florida: 42.7 ±0.1

Units & Occupancy

12,402 ±635

Number of housing units

less than 10 percent of the figure in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 2,714,779 ±657

less than 10 percent of the figure in Florida: 10,629,845 ±2,325

Geographical mobility

8.1%

Moved since previous year

about two-thirds of the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 12.2% 777,958 (±0.8% /±51,337)

about three-fifths of the rate in Florida: 13.3% 3,086,717 (±0.5% /±107,923)

38,337 ±2,399

Persons per household

less than 10 percent of the figure in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 6,368,721 ±1,354

less than 10 percent of the figure in Florida: 22,888,804

Fertility

4% ±1.6% (346 ±135)

Women 15-50 who gave birth during past year

about 80 percent of the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 4.7% 68,441 (±0.3% /±4,730)

about 80 percent of the rate in Florida: 4.7% 241,304 (±0.2% /±10,582)

Poverty

15.5% ±3.1% (5,958 ±1,203)

Persons below poverty line

about 25 percent higher than the rate in Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: 12.7% 810,781 (±0.4% /±25,412)

about 1.3 times the rate in Florida: 12% 2,758,614 (±0.3% /±58,688)

Transportation to work

N/A

Mean travel time to work

Disclaimer: The demographic information presented on this site has been provided by the Census Reporter Team. We extend our gratitude for their exceptional contributions and efforts.

30-year fixed · Sep 24, 2026

7.03%

+0.08

vs last week

A year ago

6.3%

Sep 24, 2025

All-time peak

16.64%

in 1981

Long-run average

7.7%

1971–2025

30-year15-year

All25y10y

When would rates drop?

Mortgage rates track the 10-year Treasury yield. Big drops historically needed one of these catalysts

A recession

Credit demand falls and investors move into Treasuries, pushing yields down

Aggressive Fed intervention

Rate cuts plus buying bonds and mortgage-backed securities force borrowing costs down

Inflation cooling fast

Lenders need less premium over inflation, so yields and mortgage rates ease

A global flight to safety

Shocks send capital into U.S. debt markets, pulling yields down quickly

It has happened before

30-year fixed rate, Freddie Mac weekly averages.

2008 financial crisis

Housing collapse, recession, then Fed bond buying from late 2008

6.5%

Mid 2007

<5%

Early 2009

2020 pandemic

Emergency cuts to zero and large purchases of Treasuries and mortgage bonds

3.7%

Jan 2020

2.65%

Jan 2021

Source: Freddie Mac PMMS via FRED. Past moves are context, not a forecast. Market information, not lending advice.

Local Realty Service Provided By: Hyperlocal Advisor. Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS & Beaches MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.