Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$523,240+0.6% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$113,427About 1.5× the local median income ($75,779): a stretch for a typical household
Days on market82 daysFaster than a year ago: sellers have the edge
Next 12 months+0.7%Zillow expects prices to rise slightly
The typical home in Miami-Dade County, FL is worth $523,240, up 0.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $474,963, so the area is 10.2% overvalued. It is a balanced market: homes take about 82 days to sell, listings are down 6% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 0.7% over the next year. A household needs about $113,427 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,779. Typical rent is $2,789 a month, or $3,608 for a house. In the latest IRS figures, 40,258 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$523,240
Change in 1 year
+0.6%
Overvalued %
+10.2%
Show 7 more
Fair home value
$474,963
Change in 5 years
+35.4%
Zillow forecast, next 12 months
+0.7%
Home value to income
6.9×
Monthly mortgage payment (20% down)
$2,836
Income needed to afford it
$113,427
Property tax rate
0.81%
Rent and investing
Typical rent
$2,789
Typical rent for houses
$3,608
Price-to-rent ratio
15.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,564
Gross rental yield
6.40%
Cap rate (estimate)
4.16%
Market activity
Listings vs a year ago
−6.5%
Days on market
82
Listings with a price cut
13.8%
Show 3 more
Homes for sale
17,380
Pending sales per 100 listings
17
Asking price per sq ft
$459
People and jobs
Median household income
$75,779
Population change (1 year)
−0.4%
Unemployment rate
4.6%
Show 4 more
Population
2,802,029
Income adjusted for cost of living
$66,356
Net moves in (IRS)
−40,258
Cost of living (US = 100)
114.2
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
99.6
Unhealthy air days a year
1
Show 4 more
Flood risk score
99.7
Wildfire risk score
96.9
Walkability (1 to 20)
13.8
Road, rail and air noise
53 dB
Questions people ask
Is Miami-Dade County, FL overvalued?
Home prices in Miami-Dade County, FL are well above what local incomes have historically supported: fair value is about $474,963, so the area is 10.2% overvalued.
Is Miami-Dade County, FL a buyer's or seller's market?
Miami-Dade County, FL is a balanced market: homes take about 82 days to sell, listings are down 6% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Miami-Dade County, FL?
Home values in Miami-Dade County, FL are up 0.6% over the last year. Zillow's forecast for the next 12 months is +0.7%.
How much do you need to earn to buy a home in Miami-Dade County, FL?
A household needs about $113,427 a year to afford the typical home in Miami-Dade County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,779.