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Moving to Miami: The Market + How to Rent Safely From Afar

Miami keeps drawing people from around the world even as some locals leave for lower costs. Here is the 2026 market, the migration story, and how to vet a rental remotely without getting scammed.

Researched by the TruReport editorial team · Updated 2026-07-04 · Editorial standards

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Miami housing market & cost of living

A cooling market with high rents:

  • ✓City of Miami median home sale price was $652,000 over the three months ending May 2026 (down 0.44% YoY); the Miami-Dade County median was about $575,000 (up ~0.9%) (Redfin, 2026).
  • ✓Zillow pegs the typical Miami home near $575,000-$582,000, down ~1.2-3.1% YoY - a cooling, less-competitive market with many homes sitting 90+ days.
  • ✓Average apartment rent is about $2,770/mo, up 1.23% YoY (RentCafe, June 2026); overall cost of living runs ~17% above the U.S. average, led by housing ~23% higher (Salary.com, 2026).

Who is moving to Miami

Record international demand, domestic outflow:

  • ✓Miami-Dade grew 2.3% to 2.8 million in 2024, driven almost entirely by record net international migration of +123,835 - the highest of any U.S. county (Census / Redfin).
  • ✓At the same time it posted net domestic out-migration of -67,418 as some residents leave for lower-cost or lower-risk areas (Redfin, 2025).
  • ✓Florida dominated 2025 migration, holding 8 of U-Haul top 10 growth cities - inbound demand keeps the rental market competitive.

Rent safely from out of state

Below-market rent is the classic bait:

  • ✓The FTC reports ~65,000 rental scams and ~$65M in losses since 2020 (median $1,000); renters 18-29 are 3x more likely to lose money and filed 46% of loss reports.
  • ✓About half of recent scams started on a fake Facebook ad, 16% on Craigslist - often copying real listings, advertising below-market rent, and pressuring you to pay before viewing.
  • ✓Safe steps: confirm the owner via the Miami-Dade Property Appraiser, reverse-image-search the photos, insist on a live video walkthrough, and never wire / crypto / gift-card a deposit.

Full Guide Contents

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The full guide covers Miami neighborhoods by price + the remote-rental checklist. Sources: Redfin, Zillow, RentCafe, U.S. Census, U-Haul, Salary.com, FTC.

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