Situated just west of Hollywood and Fort Lauderdale, Miramar is emerging as a real estate hotspot with a blend of factors appealing to investors. Miramar is strategically positioned near major employment centers. International companies like DHL and Memorial Healthcare System have established a presence here, alongside a mix of small businesses and professional services. This variety fosters stability and growth. Plus, the unemployment rate in Miramar remains consistently lower than the national average, which reflects the city's economic strength.
A high percentage of Miramar residents choose to rent, creating a lucrative opportunity for investors in rental properties. Families are drawn to areas like Miramar Park and West Miramar, known for their excellent schools, parks, and quiet communities. Young professionals enjoy the energy of The ArtsPark at Miramar, offering cultural experiences and trendy restaurants. This range ensures a steady demand for housing across different demographics.
Miramar's real estate market has experienced steady growth in recent years. The median home price has shown an upward trend, with reports indicating an increase of around 13.6%. This trend suggests potential for future appreciation, allowing investors to build equity in their properties.