Miami-Dade County, Florida Housing Market
In Miami-Dade County, Florida, the median home value is $463,000, with a median monthly rent of $1,829. This places Miami-Dade County at #170 nationally out of 3134 counties by median home value, and #4 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,565
- Establishments: 122,238
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,666
- Multi-family: 13,869
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,169,206 (avg $100,723)
- Outflow: 1,173,678 (avg $97,580)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Miami-Dade County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 33180 | 563.6 | — | 2025 |
| 2 | 33146 | 493.2 | — | 2025 |
| 3 | 33181 | 603.9 | +26.19% | 2025 |
| 4 | 33141 | 596.9 | +7.46% | 2025 |
| 5 | 33174 | 446.7 | -6.29% | 2025 |
| 6 | 33147 | 584.8 | +9.16% | 2025 |
| 7 | 33142 | 572.1 | -6.02% | 2025 |
| 8 | 33170 | 569.4 | +2.31% | 2025 |
| 9 | 33034 | 556.5 | -3.29% | 2025 |
| 10 | 33054 | 633.1 | +9.36% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Miami-Dade County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $463,000 | $284,325 | $227,706 |
| Median Gross Rent | $1,829 | $1,303 | $968 |
| Owner Occupancy Rate | 52.2% | 74.6% | 73.3% |
| Price/Rent Ratio | 21.1 | 17.6 | 18.7 |
Market Analysis
The median home value in Miami-Dade County is 62.8% above the Florida state average and 103.3% above the U.S. national average. The median rent of $1,829/month is 40.4% above the state average.
With a price-to-rent ratio of 21.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Miami-Dade County has an owner-occupancy rate of 52.2%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Middlesex County | New Jersey | $462,900 | $1,871 |
| Queen Anne's County | Maryland | $462,700 | $1,619 |
| Oconee County | Georgia | $461,600 | $1,462 |
| Frederick County | Maryland | $464,600 | $1,774 |
| Wake County | North Carolina | $461,300 | $1,623 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Palm Beach County | $447,300 | $1,916 | 70.1% |
| St. Johns County | $489,200 | $1,922 | 82.2% |
| Martin County | $432,200 | $1,569 | 79.6% |
| Walton County | $425,100 | $1,741 | 78.6% |
| Broward County | $414,600 | $1,907 | 63.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).