text: Housing Changes in house prices for the area are publicly tracked on a regular basis using the Case–Shiller index; the statistic is published by Standard & Poor's and is also a component of S&P's 10-city composite index of the value of the residential real estate market.
  As of 2005, the Miami area had a total of 2.3 million housing units, 13% of which were vacant. Of the total housing units, 52% were in single-unit structures, 45% were in multi-unit structures, and 3% were mobile homes. 25% of the housing units were built since 1990. As of 2019, over 70% of Miami's residents are renters with median rent of $1,355, $180 over the national average.
  Households and families: There were 2,338,450 households, The average household size was 2.6 people. Families made up 65% of the households in the Miami area. This figure includes both married-couple families (45%) and other families (20%). Nonfamily households made up 35% of all households in Miami. Most of the nonfamily households were people living alone, but some consisted of people living in households in which no one was related to the householder.
  Occupied housing unit characteristics: In 2005, the Miami area had 2.0 million occupied housing units – 1.3 million (66%) owner occupied and 688,000 (34%) renter occupied.