Property Prices in Miami, FL, United States

Index Info
Price to Income Ratio: 5.57
Mortgage as Percentage of Income: 39.91%
Loan Affordability Index: 2.51
Price to Rent Ratio - City Centre: 11.19
Price to Rent Ratio - Outside of Centre: 9.30
Gross Rental Yield (City Centre): 8.94%
Gross Rental Yield (Outside of Centre): 10.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,966.26 $ 1,500.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,362.85 $ 1,100.00-1,700.00
Apartment (3 bedrooms) in City Centre 3,648.08 $ 2,500.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,558.88 $ 2,000.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 452.09 $ 300.00-929.42
Price per Square Feet to Buy Apartment Outside of Centre 261.78 $ 175.00-350.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,447.56 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.83 2.80-5.00

These data are based on 323 entries in the past 18 months from 52 different contributors.
Last update: June 2021

Sources and References
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