Property Prices in Miami, FL, United States

Index Info
Price to Income Ratio: 5.80
Mortgage as Percentage of Income: 52.23%
Loan Affordability Index: 1.91
Price to Rent Ratio - City Centre: 10.03
Price to Rent Ratio - Outside of Centre: 8.69
Gross Rental Yield (City Centre): 9.97%
Gross Rental Yield (Outside of Centre): 11.50%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,840.07 $ 2,200.00-3,800.00
Apartment (1 bedroom) Outside of Centre 2,014.86 $ 1,500.00-2,700.00
Apartment (3 bedrooms) in City Centre 5,236.62 $ 3,600.00-7,000.00
Apartment (3 bedrooms) Outside of Centre 3,602.71 $ 2,600.00-5,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 583.91 $ 450.00-1,199.99
Price per Square Feet to Buy Apartment Outside of Centre 354.00 $ 250.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,348.99 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 6.00-7.00

These data are based on 250 entries in the past 18 months from 42 different contributors.
Last update: February 2024

Sources and References
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