Property Prices in Miami, FL, United States

Index Info
Price to Income Ratio: 5.68
Mortgage as Percentage of Income: 41.50%
Loan Affordability Index: 2.41
Price to Rent Ratio - City Centre: 11.29
Price to Rent Ratio - Outside of Centre: 9.29
Gross Rental Yield (City Centre): 8.86%
Gross Rental Yield (Outside of Centre): 10.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,908.50 $ 1,400.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,328.94 $ 1,100.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,595.54 $ 2,700.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,517.93 $ 2,000.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 445.86 $ 300.00-929.42
Price per Square Feet to Buy Apartment Outside of Centre 256.27 $ 167.00-350.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,327.74 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.06 3.00-5.00

These data are based on 334 entries in the past 18 months from 51 different contributors.
Last update: January 2021

Sources and References
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