Realtor.com has published their analysis of the 10 fastest-growing zip codes in the U.S. and my own downtown Miami neighborhood is ranked 4th on the list!
A new analysis by realtor.com® has identified the 10 fastest-growing neighborhoods in America that are slated to grow even faster—places where job opportunities abound, new households are forming, and new homes are being built to meet the growing demand. Places that are, in every sense, booming.
City of Miami’s zip code 33132 – which includes the Central Business District (CBD), the Arts & Entertainment Districts, and Edgewater – has a projected five-year household growth of 14.9%
Sure, Miami is hot: Hot weather, hot nightlife, hot housing. But compared with South Beach and its legendary party scene, Miami’s downtown, midtown, and port areas used to be far less exciting at night—or just about at any time, really. But in recent years, urban development with projects such as Miami World Center have brought tens of thousands of new residents to the area. Millennial professionals are attracted to the nightlife, restaurants, and shopping, as well as the ability to walk to work.
[Realtor.com’s] economic data team combined projected measures of job creation, household formation and new construction for 2016 to identify the top growth counties. Every neighborhood on this list, based on ZIP code analysis, has experienced up to five times the job growth of the top 100 counties in the country. Household growth in each of these areas is up to seven times the growth of the top 100 areas. New home starts are up to six times the growth in the top 100 counties. And most important, each individual ZIP is projected to see a growth in households of 9% to 19% over the next five years.