Affordable
Expensive
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These days, finding an affordable place to live in the City Center area can be challenging. Home prices in City Center are now at a median cost of $617,698, lower than the Miami Beach average of $937,166.
The average cost of rent is $1,619/mo in City Center, primarily driven by the current value of real estate in the City Center area. In City Center, 78.25% of households rent, and 49.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in City Center is $4,737 per month. Households that rent pay about 34.17% of their income on rent here. City Center’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- West Avenue, Miami Beach, FL: less expensive homes
- Bayshore, Miami Beach, FL: higher priced homes
- Flamingo-Lummus, Miami Beach, FL: less expensive homes
- South Beach Miami Beach, Miami Beach, FL: higher priced homes
- South of Fifth, Miami Beach, FL: higher priced homes
- Oceanfront, Miami Beach, FL: higher priced homes
- Downtown Miami, Miami, FL: higher priced homes
- Wynwood, Miami, FL: less expensive homes
- Overtown, Miami, FL: less expensive homes
- Normandy Isles, North Bay Village, FL: less expensive homes
Neighborhoods with Similar Populations
- Holiday Park, Palm Bay, FL: less expensive homes
- East Columbus, Columbus, IN: less expensive homes
- London Historic District, London, OH: less expensive homes
- Downtown Lynn Haven, Lynn Haven, FL: less expensive homes
- Whittier, Sioux Falls, SD: less expensive homes
- Park Farms, Kansas City, MO: less expensive homes
- Center Street Historic District, Ashland, OH: less expensive homes
- Tucson Park West, Tucson, AZ: less expensive homes
- Catalina Foothills Estates, Catalina Foothills, AZ: higher priced homes
- Downtown Burlingame, Burlingame, CA: higher priced homes
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