Miami, Florida.
Typical home $583,705 (+1.4% in a year), asking rent $2,965 (+1.3%). Miami-Fort Lauderdale-Pompano Beach, FL metro.
to buy the typical home at today's mortgage rate — +$1,765 (+136%) since Jan 2020.
- 1 year
- Up $7,826 +1%
- $575,879$583,705 since Sep 2025
- 5 years
- Up $167,024 +40%
- $416,681$583,705 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$3,064
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Miami, FL rose 1.4% over the past year — in step with the nation.
Asking rents in Miami, FL rose 1.3% over the past year — slower than the nation's +2.7%.
Owning the typical home in Miami runs $1,117/mo more than renting one. The gap peaked at $1,266 in Jan 2025.
That is $4,082 a month against $2,965 rent: a $3,064 mortgage payment, plus $393 property tax and $625 insurance & upkeep.
Owning vs renting — Miami
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$4,082
- Renting$2,965
- Mortgage only$3,064
Property tax · $393/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 · $625/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, Miami-Dade County, Florida
Miami is a city of 442,241 people in Miami-Dade County. Half its households earn more than $62,462 a year and half less, against $71,753 across Miami-Dade County; 19% of its people live below the poverty line. 31% of its homes are lived in by their owners and 69% are rented. Unemployment in Miami 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 schools and health care, then professional services.
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 is a large city on Biscayne Bay, and most of its households rent rather than own, a good deal more so than across the county. Incomes run below the county's, and a notable share of residents live below the poverty line. Winters are mild and summers are hot, with little or no snow and plenty of rain through the year.
Work. Many residents work in schools, hospitals and social care, in professional and business services, and in restaurants, hotels and entertainment. Among the largest workplaces in the city are Miami-Dade Schools, Jackson Memorial and Miami Dade College. Unemployment is low and slightly lower than a year earlier, and a good share of adults hold a four-year degree.
Things to do. Baseball fans can head to LoanDepot Park, a stadium in or beside town. Vizcaya Museum and Gardens, a botanical garden, and the Pérez Art Museum Miami are both in or beside town as well. For a bigger outing, Biscayne National Park is a longer drive away.
Report a mistake
- 194,821households
- 37%of adults have a degree
- 19%below the poverty line
- 27 mintypical commute
- 16%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, 5 miles away (NOAA).
Largest employers in Miami
- Miami-Dade County Public Schools34,512
- Miami-Dade County Employer31,901
- Florida State Government25,152
- Federal Government21,800
- University of Miami20,591
- Jackson Health System15,000
- American Airlines14,600
- Publix Supermarkets13,231
From the City of Miami’s annual financial report for 2025, its schedule of principal employers (its source: “The School Board of Miami-Dade County, Florida Annual Comprehensive Financial Report 2025”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- Hurricanesrelatively high in parts of MiamiRelatively moderate
- Coastal floodingRelatively moderate
- Heat wavesRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Miami’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 home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Miami$583,705
- 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 6 Miami listings, and the typical home goes pending in 56 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.
- Miami16.07%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Miami56
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Miami5,792
New listings per month
Sellers arriving at the market.
- Miami1,000
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Miami$596,732
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Miami95.92%
Zip codes with a Miami address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Miami — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Miami
| 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 |
|---|---|---|---|---|
| 33177 | Miami | 59,056 | $2,786 | $571,532 |
| 33125 | Miami | 56,897 | $2,398 | $465,877 |
| 33176 | Miami | 51,804 | $2,266 | $628,355 |
| 33165 | Miami | 48,817 | $2,932 | $683,796 |
| 33175 | Miami | 48,237 | $3,145 | $627,753 |
| 33193 | Miami | 47,494 | $2,451 | $446,322 |
| 33126 | Miami | 47,307 | $2,345 | $301,633 |
| 33155 | Miami | 43,983 | $2,722 | $716,986 |
| 33133 | Miami | 36,789 | $3,646 | $1,383,025 |
| 33135 | Miami | 36,143 | $2,067 | $531,920 |
| 33130 | Miami | 34,964 | $3,251 | $518,121 |
| 33143 | Miami | 33,711 | $2,642 | $958,036 |
| 33183 | Miami | 33,527 | $2,420 | $400,996 |
| 33173 | Miami | 31,778 | $2,607 | $566,601 |
| 33145 | Miami | 29,761 | $2,888 | $733,531 |
| 33137 | Miami | 29,414 | $3,603 | $689,163 |
| 33138 | Miami | 28,980 | $2,391 | $808,723 |
| 33185 | Miami | 28,555 | $3,699 | $677,397 |
| 33127 | Miami | 26,786 | $2,952 | $535,211 |
| 33144 | Miami | 25,909 | $2,364 | $622,696 |
| 33131 | Miami | 23,095 | $3,829 | $591,556 |
| 33132 | Miami | 20,253 | $3,496 | $519,589 |
| 33184 | Miami | 19,859 | $2,744 | $567,313 |
| 33187 | Miami | 18,174 | $3,680 | $719,650 |
| 33170 | Miami | 16,652 | $2,385 | $573,723 |
| 33136 | Miami | 16,545 | $2,554 | $318,319 |
| 33129 | Miami | 14,702 | $3,637 | $697,665 |
| 33182 | Miami | 12,512 | $3,083 | $666,151 |
| 33128 | Miami | 9,475 | $2,628 | $447,741 |
| 33122 | Miami | 1,687 | $2,770 | $1,518,189 |