Miami Beach Median Home Price $1.64 Million

Miami Skyline as seen from Miami BeachMiami Beach is one of the most lucrative neighborhoods in the US, according to a report by Forbes. Since 1990, property prices on the central part of Miami Beach have appreciated exponentially in value by a whopping 1,532%. Miami Beach has become a very pricey area to live in, with the median home price at $1.64 million in 2006. Forbes further states that