The median home in Miami, Florida is valued at $569,760, down 2.5% year over year. Typical monthly rent is $2,949, producing a price-to-rent ratio of 16.1x — near the national average of 18x. Miami is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Miami-Fort Lauderdale-Pompano Beach, FL stress score, crash risk, and 12-month forecast →

Home Value$569,760

-2.5%

Rent$2,949/mo

AFFORDABILITY

Enter your income for Miami.

Income (annual)

Down Payment

$113,952 on $569,760

Out of reach — 58.2% of income

Need $155,957/yr to afford.

PITI$3,639

P/I58.2%

Afford$274K

Gap-$296K

P&I $2,881Tax $408Ins $350

Renting $690/mo cheaper ($2,949 rent)6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Florida

Compare Miami with other housing markets across Florida.

Jupiter Island$9494K Golden Beach$7499K Fisher Island$6393K Lake Buena Vista$6088K Jupiter Inlet Colony$3619K Manalapan$3569K Golf$2871K Boca Grande$2635K

Full Miami-Fort Lauderdale-Pompano Beach, FL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Miami-Fort Lauderdale-Pompano Beach, FL metro.

View Miami-Fort Lauderdale-Pompano Beach, FL metro →

MIAMI, FL