Property Prices in Miami, FL, United States

Index Info
Price to Income Ratio: 5.61
Mortgage as Percentage of Income: 45.72%
Loan Affordability Index: 2.19
Price to Rent Ratio - City Centre: 11.26
Price to Rent Ratio - Outside of Centre: 7.33
Gross Rental Yield (City Centre): 8.88%
Gross Rental Yield (Outside of Centre): 13.64%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,687.93 $ 2,200.00-3,400.00
Apartment (1 bedroom) Outside of Centre 1,929.22 $ 1,500.00-2,500.00
Apartment (3 bedrooms) in City Centre 4,808.05 $ 3,500.00-6,500.00
Apartment (3 bedrooms) Outside of Centre 3,191.30 $ 2,500.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 611.65 $ 400.00-799.99
Price per Square Feet to Buy Apartment Outside of Centre 276.25 $ 180.00-603.86
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,257.74 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.34 4.00-5.50

These data are based on 238 entries in the past 18 months from 50 different contributors.
Last update: March 2023

Sources and References
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