Property Prices in Miami, FL, United States

Index Info
Price to Income Ratio: 6.60
Mortgage as Percentage of Income: 59.38%
Loan Affordability Index: 1.68
Price to Rent Ratio - City Centre: 9.95
Price to Rent Ratio - Outside of Centre: 8.63
Gross Rental Yield (City Centre): 10.05%
Gross Rental Yield (Outside of Centre): 11.59%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,892.52 $ 2,500.00-3,800.00
Apartment (1 bedroom) Outside of Centre 2,100.00 $ 1,700.00-2,700.00
Apartment (3 bedrooms) in City Centre 5,240.04 $ 4,000.00-7,500.00
Apartment (3 bedrooms) Outside of Centre 3,743.12 $ 3,005.00-5,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 584.95 $ 450.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 365.62 $ 300.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,873.13 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.56 6.19-8.00

These data are based on 298 entries from 45 contributors over the past 18 months.
Last update: 20 May 2025

Sources and References
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