Miami home values
Miami at a glance
- Zillow’s Home Value Index puts the typical home at $679,400 (Aug 2026), +2.2% over the past 12 months and +42% over five years.
- The Census median home value in Miami is about $527,500 — 48% above Florida overall and 55% above the U.S. median.
- Median household income is about $69,900; median rent about $1,762/month.
- Neighborhood values range from $298K to $907K across 11 distinct ZIP codes.
Miami home value trend
Over the 12 months to Aug 2026, typical home values in Miami rose 2.2%, to about $679,400. That is 3.4 percentage points faster than Florida (−1.2%). Over five years the typical home gained $201,700 in value (+42%).
Year-by-year values
| Month | Typical value | Change vs year before |
|---|---|---|
| Aug 2026 | $679,400 | +2.2% |
| Aug 2025 | $665,000 | −3.3% |
| Aug 2024 | $687,600 | +7.0% |
| Aug 2023 | $642,700 | +4.5% |
| Aug 2022 | $615,000 | +28.7% |
| Aug 2021 | $477,700 | +16.9% |
| Aug 2020 | $408,600 | +4.9% |
| Aug 2019 | $389,400 | +4.4% |
| Aug 2018 | $373,100 | +6.7% |
| Aug 2017 | $349,600 | +7.6% |
| Aug 2016 | $325,000 | — |
Source: Zillow Home Value Index (ZHVI), typical value of mid-tier homes, smoothed & seasonally adjusted. Areas with several ZIPs: population-weighted.
Miami home value score
from local value, rent & income
In Miami (12 ZIPs), prices are high relative to rents (a low gross yield), and homes are expensive against local incomes.
How the Value Score is built
Computed figures
A transparent value snapshot — computed from U.S. Census ACS (2023) for Miami (12 ZIPs): home value, gross rent and household income. It is not a market-timing or appreciation forecast.
Miami neighborhoods compared
| Name | Home value | 1-yr | Income | Rent | Price / income |
|---|---|---|---|---|---|
| Allapattah ZIP 33127 · shared | $399K | +1.9% | $41K | $1,394 | 9.7× |
| Brickell city data | $622K | −1.8% | $143K | $2,847 | 4.3× |
| Brownsville | $298K | +0.0% | $38K | $1,289 | 7.9× |
| Buena Vista ZIP 33127 · shared | $399K | +1.9% | $41K | $1,394 | 9.7× |
| Coconut Grove | $907K | +10.1% | $93K | $1,945 | 9.8× |
| Coral Way | $660K | +2.7% | $92K | $1,818 | 7.2× |
| Design District ZIP 33137 · shared | $533K | +1.2% | $83K | $2,338 | 6.4× |
| Downtown | $545K | −1.7% | $110K | $2,534 | 5.0× |
| Edgewater ZIP 33137 · shared | $533K | +1.2% | $83K | $2,338 | 6.4× |
| Flagami ZIP 33144 · shared | $441K | +1.5% | $59K | $1,730 | 7.4× |
| Liberty City ZIP 33127 · shared | $399K | +1.9% | $41K | $1,394 | 9.7× |
| Little Haiti ZIP 33137 · shared | $533K | +1.2% | $83K | $2,338 | 6.4× |
| Little Havana | $397K | +2.0% | $38K | $1,315 | 10.5× |
| Midtown ZIP 33137 · shared | $533K | +1.2% | $83K | $2,338 | 6.4× |
| MiMo District city data | $622K | −1.8% | $143K | $2,847 | 4.3× |
| Morningside ZIP 33137 · shared | $533K | +1.2% | $83K | $2,338 | 6.4× |
| Overtown | $353K | −6.1% | $43K | $1,337 | 8.1× |
| Shenandoah ZIP 33145 · shared | $560K | +5.8% | $71K | $1,769 | 7.9× |
| Silver Bluff ZIP 33145 · shared | $560K | +5.8% | $71K | $1,769 | 7.9× |
| Upper Eastside | $686K | +5.7% | $72K | $1,647 | 9.6× |
| West Flagler ZIP 33144 · shared | $441K | +1.5% | $59K | $1,730 | 7.4× |
| Wynwood ZIP 33127 · shared | $399K | +1.9% | $41K | $1,394 | 9.7× |
Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.
Miami vs Florida and the U.S.
| Miami | Florida | U.S. | |
|---|---|---|---|
| Typical value (Zillow, Aug 2026) | $679,400 | $410,200 | — |
| 1-year change | +2.2% | −1.2% | — |
| 5-year change | +42% | +22% | — |
| Median home value (Census) | $527,500 | $357,600 | $340,200 |
| Median household income | $69,900 | $75,700 | $78,500 |
| Median gross rent | $1,762/mo | $1,666/mo | $1,406/mo |
| Price-to-income ratio | 7.5× | 4.7× | 4.3× |
| Gross rental yield | 4.0% | 5.6% | 5.0% |
| Rent as share of income | 30% | 26% | 21% |
| Mortgage payment* | $2,667/mo | $1,808/mo | $1,720/mo |
Census figures: U.S. Census Bureau ACS 5-year estimates; areas spanning several ZIPs use population-weighted averages of ZIP medians, and city/state columns cover the ZIPs of the places listed on this site. Zillow: ZHVI. *Principal & interest on the Census median value, 20% down, 6.5% fixed, 30 years.
What it costs to buy a home in Miami
At today’s typical value of $679,400 (Zillow, Aug 2026), a buyer putting 20% down ($135,880) and financing the rest at 6.5% over 30 years would pay about $3,435 a month in principal and interest — 59% of the median household income here. That is well above the common 28% guideline, so buying here typically takes an above-median income, a larger down payment or existing equity. The median rent is $1,762/month, so owning costs roughly 95% more per month than renting, before taxes, insurance and upkeep — the trade-off is building equity.
Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.
What this means for buyers, sellers and investors in Miami
Buyers
At 7.5× local income, this is a premium market; expect competition for the few homes at the lower end of the range.
Sellers
Values are up 2.2% on the year, so recent sales support your price — and get a home-specific estimate: condition and size move the number more than the area average.
Investors
A gross rental yield of 4.0% is low — this is an appreciation play rather than a cash-flow market.
Miami real estate FAQ
Are home prices going up in Miami?
What is the typical home value in Miami?
Is Miami affordable?
How much is rent in Miami?
Is Miami good for rental property investment?
What is the most affordable neighborhood in Miami?
What is the most expensive neighborhood in Miami?
Where are home values rising fastest in Miami?
Where is the best rental yield in Miami?
What’s your Miami home worth?
Estimates are informational only and are not an appraisal.
Other cities in Florida
About this data
Data last updated: September 2026.
Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.
Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.
The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.
Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.
These are area-level statistics, not an appraisal of any individual property, and not financial advice.
Sources: U.S. Census ACS · Zillow ZHVI.