Miami Beach, Florida.
Typical home $530,649 (+1.8% in a year), asking rent $2,750 (+3.0%). Miami-Fort Lauderdale-Pompano Beach, FL metro.
to buy the typical home at today's mortgage rate — +$1,302 (+88%) since Jan 2020.
- 1 year
- Up $9,540 +2%
- $521,108$530,649 since Sep 2025
- 5 years
- Up $76,799 +17%
- $453,850$530,649 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Miami Beach$2,785
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Miami Beach, FL rose 1.8% over the past year — faster than the nation's +1.2%.
Asking rents in Miami Beach, FL rose 3.0% over the past year — faster than the nation's +2.7%.
Owning the typical home in Miami Beach runs $961/mo more than renting one. The gap peaked at $1,453 in Oct 2023.
That is $3,711 a month against $2,750 rent: a $2,785 mortgage payment, plus $358 property tax and $568 insurance & upkeep.
Owning vs renting — Miami Beach
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,711
- Renting$2,750
- Mortgage only$2,785
Property tax · $358/mo 0.81% of value a year — the ACS 2020-2024 median bill over the median home value for Miami-Dade County, FL
Insurance & upkeep · $568/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Miami Beach, Miami-Dade County, Florida
Miami Beach is a city of 82,890 people in Miami-Dade County. Half its households earn more than $72,856 a year and half less, against $71,753 across Miami-Dade County; 14% of its people live below the poverty line. 41% of its homes are lived in by their owners and 59% are rented. Unemployment in Miami Beach was 2.4% in August 2026, and Miami-Dade County had 1.5% more jobs in 2025 than the year before. The most residents work in professional services, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Miami Beach is a city of people who are, on the whole, a little older than the typical American, and most of them rent rather than own, so far fewer homes are lived in by their owners than across the country. Household incomes run slightly above the county's, and a majority of adults hold a four-year degree. Winters are mild even in January, summers are hot, snow is almost unknown, and the rain is plentiful.
Work. Many residents work in professional and business services, in restaurants, hotels and entertainment, in schools, hospitals and social care, or in banks, insurance and property. The largest workplaces in the city include Mount Sinai Medical Center, 1 Hotel South Beach and Boucher Brothers Management. Unemployment is a little lower than a year earlier, and across Miami-Dade County the number of jobs grew over the past year. A good number of people work from home, and the usual trip to work is a fairly long one.
Things to do. For a day out, Vizcaya Museum and Gardens, a botanical garden, and Pérez Art Museum Miami are both a short drive away. Bayfront Park, a garden by the water, is also a short drive. Biscayne National Park is a longer drive, for those who want a day on the bay and its islands.
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- 41,600households
- 53%of adults have a degree
- 14%below the poverty line
- 27 mintypical commute
- 24%work from home
What residents work in
Employed residents by industry, from the Census survey. Miami-Dade County had 1,276,535 jobs in 2025, 1.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 74° and lows near 61°; warmest in August, with highs near 88° and lows near 78°. About 57 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Miami Beach weather station, a mile away (NOAA).
Largest employers in Miami Beach
- Miami-Dade County Public Schools33,312
- Miami-Dade County31,901
- Florida State Government24,798
- University of Miami21,626
- Federal Government21,300
- American Airlines15,000
- Jackson Health System15,000
- Baptist Health South Florida14,811
From the City of Miami Beach’s annual financial report for 2025, its schedule of principal employers (its source: “Employer and employees information provided by the Beacon Council”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- Coastal floodingRelatively high
- HurricanesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Miami Beach’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Miami-Dade County and the Miami-Fort Lauderdale-Pompano Beach, FL metro.
Miami Beach home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Miami Beach$530,649
- Florida$375,361
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 8 Miami Beach listings, and the typical home goes pending in 103 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Miami Beach11.92%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Miami Beach103
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Miami Beach1,861
New listings per month
Sellers arriving at the market.
- Miami Beach245
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Miami Beach$467,323
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Miami Beach93.59%
Zip codes with a Miami Beach address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Miami Beach — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Miami Beach
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 33141 | Miami Beach | 36,438 | $2,465 | $434,500 |
| 33139 | Miami Beach | 33,753 | $2,703 | $470,065 |
| 33140 | Miami Beach | 20,342 | $3,757 | $692,899 |
| 33109 | Miami Beach | 1,083 | — | $6,993,067 |