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Miami is the most populous city in the Southeast behind Washington D.C and the fourth-largest urban area in the US. The city proper has a population of 417,650 with a population of 5.5 million in the combined metropolitan area. Miami is a major epicenter of commerce, finance and media. In terms of purchasing power, Miami is ranked as the richest city in the US, and the fifth richest in the world. Rent to Own home ownership can be an intelligent investment to enter Miami’s competitive market.
The city of Miami is divided up into multiple sections and districts with the heart of the city being in Downtown Miami which is on the east side of the city. This downtown section in the central business district of all of southern Florida, and the largest in the state. South Miami is home to Coral Way, a historic neighborhood built in 1922 while many of the city’s traditional immigrant neighborhoods are on the Western side of the city including Little Havana. Miami has a median home value of $290,500 according to Zillow.
Do and See
There is no shortage of activities for residents of the city to enjoy from arts and entertainment, to festivals, and a generally vibrant culture. The Adrienne Arsht Center for the Performing Arts is the second largest in the United States and world renowned. Miami is also a major cuisine and music city, and beach access is readily available with Bikini season being a nearly year long event. Recreation is a big part of the Miami lifestyle making the city an excellent location for young professionals and retirees alike.