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Miami, FL Real Estate

Miami anchors one of Florida's largest metro areas with a population of about 446,663. The median home value is near $475,200, and median rent runs around $1,657/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$475,200
Median Rent
$1,657/mo
Population
446,663
Median Income
$59,390
Median Age
39.7
Homeownership
30.7%

Monthly payment on a median Miami home

Example for a $475,200 home: 20% down, 30-yr at ~6.75%, FL property tax ~0.79%, 0.4% insurance.

Est. monthly (PITI)
$2,937
Principal & interest
$2,466
Property tax / mo
$313
Down payment (20%)
$95,040

Miami at a glance

  • 21.5% of residents 25+ hold a bachelor's degree or higher.
  • 30.7% of occupied homes are owner-occupied.
  • Median household income is $59,390.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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