Property Prices in Miami, FL, United States

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Index Info
Price to Income Ratio: 6.75
Mortgage as Percentage of Income: 61.27%
Loan Affordability Index: 1.63
Price to Rent Ratio - City Centre: 10.05
Price to Rent Ratio - Outside of Centre: 8.60
Gross Rental Yield (City Centre): 9.95%
Gross Rental Yield (Outside of Centre): 11.63%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,873.58 $ 2,500.00-3,800.00
Apartment (1 bedroom) Outside of Centre 2,090.00 $ 1,700.00-2,679.00
Apartment (3 bedrooms) in City Centre 5,422.10 $ 4,000.00-7,500.00
Apartment (3 bedrooms) Outside of Centre 3,894.92 $ 3,200.00-5,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 598.06 $ 450.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 369.99 $ 300.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,858.50 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.68 6.00-8.00

These data are based on 290 entries in the past 18 months from 45 different contributors.
Last update: March 2025

Sources and References
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