Property Prices in Miami, FL, United States

Index Info
Price to Income Ratio: 6.26
Mortgage as Percentage of Income: 55.81%
Loan Affordability Index: 1.79
Price to Rent Ratio - City Centre: 10.32
Price to Rent Ratio - Outside of Centre: 8.25
Gross Rental Yield (City Centre): 9.69%
Gross Rental Yield (Outside of Centre): 12.12%
Rent Per Month
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1 Bedroom Apartment in City Centre 2,949.55 $ 2,500.00-4,000.00
1 Bedroom Apartment Outside of City Centre 2,050.00 $ 1,700.00-2,500.00
3 Bedroom Apartment in City Centre 5,372.65 $ 4,000.00-7,500.00
3 Bedroom Apartment Outside of City Centre 3,691.65 $ 3,000.00-5,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 620.25 $ 477.61-749.99
Price per Square Feet to Buy Apartment Outside of Centre 342.83 $ 315.87-400.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,136.98 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.45 6.00-7.25

These data are based on 280 entries from 47 contributors over the past 18 months.
Last update: 13 December 2025

Sources and References
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