Miami housing market
Typical home value
$477K
▲ 0.3% 1 yr
Typical rent
$2,654/mo
▲ 1.8% 1 yr
12-month forecast
+0.7%
#421 of 546 metros
Gross rent yield
6.7%
#165 of 546 · U.S. 6.3%
Days to pending
97 days
▼ −4 days 1 yr
Listings with a price cut
19%
▼ −1.7 pts 1 yr
Key takeaways
- 1The typical home is worth $476,815, up 0.3% in a year and up 29% over five years.
- 2Zillow forecasts home values rising 0.7% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,654/mo (+1.8% YoY), a 6.7% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,620/mo in principal and interest, $34 less than renting.
- 5Homes go under contract in 97 days (−4 days vs last year); 19% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 43/100, #225 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Miami compares
| Measure | Miami | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.3% | +1.2% | #425 |
| Home value, 5-yr change | +29.0% | +19.7% | |
| 12-month forecast | +0.7% | +1.1% | #421 |
| Rent, 1-yr change | +1.8% | +2.7% | #417 |
| Gross rent yield | 6.7% | 6.3% | #165 |
| Price-to-rent ratio | 15.0 | 15.8 | |
| Mortgage P&I on typical home | $2,620 | $2,012 | |
| Income needed to buy | $143,551 | $100,902 | |
| Days to pending | 97 | 56 |
Cities in the Miami metro
74 cities with home value and rent data.
| Miami | $584K | ▲ 1.4% | $2,965 | ▲ 1.3% | 6.1% |
| Hialeah | $444K | ▲ 0.1% | $2,343 | ▼ 0.3% | 6.3% |
| Boca Raton | $580K | ▲ 4.9% | $2,967 | ▲ 3.3% | 6.1% |
| West Palm Beach | $405K | ▲ 2.4% | $2,365 | ▲ 4.3% | 7.0% |
| Lake Worth Beach | $442K | ▲ 1.4% | $2,357 | ▲ 3.3% | 6.4% |
| Homestead | $437K | ▼ 3.0% | $2,447 | ▲ 0.4% | 6.7% |
| Fort Lauderdale | $510K | ▼ 0.6% | $2,697 | ▲ 2.0% | 6.3% |
| Boynton Beach | $404K | ▲ 0.8% | $2,348 | ▲ 2.3% | 7.0% |
| Pembroke Pines | $487K | ▼ 1.5% | $2,570 | ▲ 2.0% | 6.3% |
| Hollywood | $442K | ▼ 1.5% | $2,299 | ▲ 1.1% | 6.2% |
| Miramar | $520K | ▼ 0.9% | $2,685 | ▲ 1.0% | 6.2% |
| Coral Springs | $522K | ▼ 1.2% | $2,263 | ▲ 0.2% | 5.2% |
| Delray Beach | $345K | ▲ 1.6% | $2,820 | ▲ 4.1% | 9.8% |
| Pompano Beach | $350K | ▼ 1.3% | $2,358 | ▲ 2.0% | 8.1% |
| Miami Gardens | $474K | ▲ 1.0% | $2,521 | ▲ 4.4% | 6.4% |
| Davie | $515K | ▼ 1.6% | $2,432 | ▲ 1.4% | 5.7% |
| Sunrise | $361K | ▼ 2.7% | $2,447 | ▲ 2.0% | 8.1% |
| Plantation | $492K | ▼ 1.6% | $2,466 | ▲ 1.1% | 6.0% |
| Deerfield Beach | $272K | ▼ 2.3% | $2,418 | ▲ 2.1% | 10.7% |
| Miami Beach | $531K | ▲ 1.8% | $2,750 | ▲ 3.0% | 6.2% |
| Jupiter | $705K | ▲ 3.2% | $3,283 | ▲ 4.2% | 5.6% |
| Palm Beach Gardens | $696K | ▲ 4.4% | $2,839 | ▲ 5.4% | 4.9% |
| Lauderhill | $212K | ▼ 4.5% | $1,893 | ▼ 2.0% | 10.7% |
| Tamarac | $291K | ▼ 3.8% | $2,121 | ▼ 0.1% | 8.7% |
| Doral | $549K | ▼ 0.7% | $2,881 | ▲ 0.5% | 6.3% |
| Weston | $719K | ▼ 1.3% | $3,414 | ▲ 1.0% | 5.7% |
| Fountainbleau | $302K | ▼ 2.6% | $2,424 | ▲ 0.2% | 9.6% |
| Wellington | $661K | ▲ 2.8% | $3,808 | ▲ 5.5% | 6.9% |
| North Miami | $422K | ▲ 2.0% | $2,133 | ▲ 2.8% | 6.1% |
| The Hammocks | $541K | ▲ 0.4% | $2,460 | ▲ 0.9% | 5.5% |
| Margate | $321K | ▼ 1.5% | $2,047 | ▼ 1.6% | 7.6% |
| Coconut Creek | $279K | ▼ 5.6% | $2,355 | ▲ 1.6% | 10.1% |
| Coral Gables | $1.57M | ▲ 8.3% | $3,345 | ▲ 3.2% | 2.6% |
| Oakland Park | $369K | ▼ 1.5% | $2,212 | ▲ 0.8% | 7.2% |
| North Lauderdale | $350K | ▼ 2.2% | $2,248 | ▼ 0.4% | 7.7% |
| Cutler Bay | $563K | ▲ 0.6% | $2,982 | ▲ 2.8% | 6.4% |
| North Miami Beach | $453K | ▲ 2.5% | $2,425 | ▲ 0.5% | 6.4% |
| Greenacres | $280K | ▼ 1.3% | $2,131 | ▲ 1.3% | 9.1% |
| Hallandale | $279K | ▼ 2.9% | $2,455 | ▲ 0.6% | 10.5% |
| Aventura | $423K | ▼ 4.2% | $2,976 | ■ 0.0% | 8.4% |
| Riviera Beach | $410K | ▲ 1.5% | $2,716 | ▲ 4.4% | 7.9% |
| Royal Palm Beach | $489K | ▲ 2.2% | $2,856 | ▲ 3.4% | 7.0% |
| Golden Glades | $483K | ▲ 4.0% | $2,205 | ▲ 1.1% | 5.5% |
| Lauderdale Lakes | $137K | ▼ 8.2% | $2,077 | ▲ 0.6% | 18.2% |
| Parkland | $1.07M | ▲ 2.0% | $5,258 | ▲ 4.9% | 5.9% |
| Cooper City | $666K | ▲ 0.5% | $3,464 | ▲ 3.0% | 6.2% |
| Dania Beach | $333K | ▼ 1.5% | $2,566 | ▼ 2.1% | 9.2% |
| Miami Lakes | $653K | ▲ 1.1% | $2,522 | ▲ 1.7% | 4.6% |
| Ives Estates | $357K | ▼ 3.2% | $2,428 | ▲ 2.1% | 8.2% |
| Village of Palmetto Bay | $1.1M | ▲ 4.1% | $2,446 | ▲ 0.2% | 2.7% |
| Hialeah Gardens | $424K | ▲ 0.3% | $2,726 | ▲ 1.8% | 7.7% |
| Miami Shores | $750K | ▲ 6.3% | $3,690 | ▲ 10.1% | 5.9% |
| The Crossings | $501K | ▼ 0.3% | $2,525 | ▲ 3.9% | 6.0% |
| Palm Springs | $269K | ▼ 0.1% | $2,105 | ▲ 1.9% | 9.4% |
| Sunny Isles Beach | $651K | ▲ 1.8% | $3,409 | ▲ 1.5% | 6.3% |
| North Palm Beach | $633K | ▲ 4.0% | $2,997 | ▲ 6.7% | 5.7% |
| Pinecrest | $2.24M | ▲ 7.1% | $3,353 | ▲ 6.4% | 1.8% |
| Ojus | $216K | ▼ 5.4% | $2,645 | ▼ 3.0% | 14.7% |
| Opa-locka | $473K | ▲ 1.5% | $1,931 | ▼ 2.1% | 4.9% |
| West Park | $428K | ▼ 1.2% | $2,412 | ▲ 8.5% | 6.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Miami rental ($477K, $2,654/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Miami home.
Rent vs buy
Is it cheaper to rent or buy in Miami?
Renting out a property in Florida? See deposit limits, late fee rules and notice periods.
Other Florida metros
Tampa, FL
$357K home$1,991 rent6.7% yield
▼ 0.9% 1 yr
Orlando, FL
$383K home$1,929 rent6.0% yield
▼ 1.4% 1 yr
Jacksonville, FL
$351K home$1,680 rent5.8% yield
▼ 0.1% 1 yr
North Port, FL
$404K home$2,106 rent6.3% yield
▼ 2.0% 1 yr
Cape Coral, FL
$334K home$1,827 rent6.6% yield
▼ 3.5% 1 yr
Lakeland, FL
$296K home$1,814 rent7.4% yield
▼ 2.2% 1 yr
Deltona, FL
$331K home$1,767 rent6.4% yield
▼ 0.3% 1 yr
Palm Bay, FL
$342K home$1,887 rent6.6% yield
▼ 0.5% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.