The story of this market
The typical home in Miami, Florida sells for about $730,000, or $653 per square foot.
Prices are roughly flat from a year ago (-0.1%), a market in balance. Homes take about 97 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,900 a month.
Monthly price momentum
Home values since 2015
+1%
FL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Miami, Florida
The Miami housing market is currently experiencing a period of price stabilization following years of rapid appreciation, with a median price of $730,000. While inventory levels have increased, the market remains supported by strong global demand and a high volume of all-cash transactions. Buyers are finding more leverage than in previous years, though the high cost of insurance and interest rates continue to influence overall market activity.
No ARED county foreclosure postings attributed to Miami yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 36 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 2.3% year over year.
Homes spend a median of 65 days on market with 0.6 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 69.97% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 16.5% — a stable, low-distress profile.
- Jungle Island4.12 mi
- Paradox Museum Miami4.82.6 mi
- C.B. Smith Park4.619.2 mi
- Dave & Buster's Hollywood4.119.3 mi
- Tidal Cove4.214.2 mi
- Hard Rock Stadium4.613.9 mi
- Bayside Marketplace4.51.2 mi
- Kaseya Center4.71.4 mi
- Wynwood Walls4.72.8 mi
- LoanDepot Park4.52.1 mi
- Bayside Marketplace4.51.2 mi
- Wynwood Walls4.72.8 mi
- Vizcaya Museum & Gardens4.71.7 mi
- Bayfront Park4.71 mi
- Phillip & Patricia Frost Museum of Science4.41.6 mi
- Wynwood Walls4.72.8 mi
- Vizcaya Museum & Gardens4.71.7 mi
- Phillip & Patricia Frost Museum of Science4.41.6 mi
- MUSEUM OF ICE CREAM4.61.4 mi
- Pérez Art Museum Miami4.51.7 mi
- Wynwood Walls4.72.8 mi
- Bayfront Park4.71 mi
- Tropical Park4.78.6 mi
- South Pointe Park Pier4.83.9 mi
- Fairchild Tropical Botanic Garden4.87.7 mi
- Bayside Marketplace4.51.2 mi
- Miami Beach Marina4.73.3 mi
- Dinner Key Marina4.53.6 mi
- Venetian Marina & Yacht Club4.62.1 mi
- Island Gardens Marina4.61.8 mi
- Topgolf Miami Gardens4.311.9 mi
- Topgolf Miami - Doral4.212.5 mi
- Normandy Shores Golf Course4.57.2 mi
- Riviera Country Club4.75.7 mi
- Miami Shores Country Club4.47.4 mi
- Dolphin Mall4.611.9 mi
- Aventura Mall4.613.8 mi
- Brickell City Centre4.70.4 mi
- Bayside Marketplace4.51.2 mi
- Dadeland Mall4.69 mi
- Miami International Airport3.96 mi
- Miami-Opa Locka Executive Airport4.611.3 mi
- Fort Lauderdale Executive Airport4.530.3 mi
- Miami Executive Airport4.516.7 mi
- Banyan Air Service4.729.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
An outdoor museum dedicated to street art that has become a global cultural landmark and a major driver of local tourism.
A massive urban development featuring high-end retail, dining, and office space, serving as the anchor for the city's financial district.
A 32-acre public park in downtown Miami that hosts major events and provides significant green space along the Biscayne Bay waterfront.
A contemporary art museum located in Museum Park, known for its iconic architecture and extensive collection of international art.
A historic public swimming pool created from a coral rock quarry, serving as a unique recreational facility for the community.
Miami attracts a diverse mix of international investors, luxury-focused buyers, and young professionals drawn to the city's vibrant urban lifestyle. It is less suited for those seeking low-cost, quiet suburban living, but remains a primary destination for those prioritizing proximity to global business hubs and cultural amenities.
The city is served by the Miami-Dade County Public Schools system, which offers a diverse range of educational options including magnet and charter programs. School quality varies significantly by neighborhood, with several high-performing institutions located in affluent areas.
The city is served by a network of highways including I-95 and the Palmetto Expressway, alongside the Metrorail and Metromover systems. Commute times are generally high due to heavy traffic congestion, though transit-oriented developments are attempting to mitigate this.
Miami offers a world-class amenity base, featuring extensive waterfront access, iconic beaches, and a vibrant cultural scene including the Wynwood Walls and various museums. Residents benefit from numerous public parks, golf courses, and high-end shopping districts like the Design District and Brickell City Centre.
The rental market is highly active with significant depth, driven by a large transient population and strong demand for luxury urban living. Vacancy pressure remains moderate, though short-term rental regulations in certain zones continue to influence investor activity and supply dynamics.
Miami's economy is anchored by international trade, tourism, and a rapidly growing financial services sector. The city serves as a gateway to Latin America, maintaining strong momentum through corporate relocations and high-net-worth migration.
Miami is a major global hub for finance, international trade, and tourism, with significant ongoing development in the downtown and Brickell corridors. Infrastructure projects, including transit expansions and coastal resilience efforts, are central to the city's long-term economic momentum.
The development pipeline is heavily focused on high-rise residential towers in the Brickell and downtown areas. Significant investment is also directed toward coastal infrastructure and public space improvements to address climate resilience.
Parcels in Miami are subject to various special districts, including Community Development Districts (CDDs) in newer developments and specific Business Improvement Districts (BIDs) in commercial corridors.
Miami experiences crime rates that are generally higher than the national average, with localized variations across neighborhoods. Law enforcement continues to focus on community policing and urban safety initiatives to address these trends.
Miami faces significant climate-related risks, primarily from hurricane-force winds, storm surges, and chronic tidal flooding. Property insurance premiums have risen sharply in recent years due to these environmental exposures and market-wide insurance instability.
The property insurance market is currently characterized by high premiums and limited carrier availability due to significant hurricane and flood risk. Many property owners are forced to rely on the state-backed insurer of last resort.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures represent city-level place estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.