Data Points: Target Miami Beach, Florida

Miami Beach claims the distinction of being the only major U.S. city founded by a woman. In the late 19th Century, Julia Tuttle followed her folks south from Ohio and with the land and money she inherited forged alliances that helped her plot her city and woo a railway to its heart.

Recently, RealtyTrac® released new data on the South Florida metropolis, gathered from surveys of median home sales prices and its Homefacts website. Current median sales prices float around $365,000, with fair-market rents for a three-bedroom at $1,614. Miami Beach, located in Miami Dade County, has a population of 90,579 with a fifth of them between 21 and 35.

After Tuttle died in 1898 at the age of 49, Miami continued to grow, with development exploding in the 1920s as part of the Florida Land Boom. In those years, real estate in the Sunshine State was so hot that two-thirds of purchases were made through the mail sight unseen. In 1922, real estate advertising made the Miami Herald the heaviest newspaper in the nation.

According to RealtyTrac, Miami boasts 70 percent sunny days, 97 percent “Good Air Quality” days, and temperatures around 76.5 degrees. Rainfall is over 53 inches and UV exposure levels are very high. No surprise, it was a Miami Beach pharmacist who invented suntan lotion in 1944.

So, as Randy Newman sings in his ode to “Miami,” “Put on your shorty-shorts and come down!”

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