Property Prices in Miami, FL, United States

Index Info
Price to Income Ratio: 6.64
Mortgage as Percentage of Income: 59.83%
Loan Affordability Index: 1.67
Price to Rent Ratio - City Centre: 10.03
Price to Rent Ratio - Outside of Centre: 8.63
Gross Rental Yield (City Centre): 9.97%
Gross Rental Yield (Outside of Centre): 11.59%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,854.35 $ 2,500.00-3,800.00
Apartment (1 bedroom) Outside of Centre 2,056.67 $ 1,700.00-2,679.00
Apartment (3 bedrooms) in City Centre 5,330.04 $ 4,000.00-7,500.00
Apartment (3 bedrooms) Outside of Centre 3,836.22 $ 3,005.00-5,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 590.08 $ 446.40-999.99
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 6.59 6.19-8.00

These data are based on 303 entries from 46 contributors over the past 18 months.
Last update: April 2025

Sources and References
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