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These days, finding an affordable place to live in the Flagami area can be challenging. Home prices in Flagami are now at a median cost of $385,597, lower than the Miami average of $492,262.
The average cost of rent is $1,671/mo in Flagami, primarily driven by the current value of real estate in the Flagami area. In Flagami, 61.61% of households rent, and 47.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Flagami is $4,936 per month. Households that rent pay about 33.85% of their income on rent here. Flagami’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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 Flagler, Miami, FL: higher priced homes
- Allapattah, Miami, FL: less expensive homes
- Italian Village, Coral Gables, FL: higher priced homes
- Coral Way, Miami, FL: higher priced homes
- Little Havana, Miami, FL: higher priced homes
- North Coconut Grove, Miami, FL: higher priced homes
- South Coconut Grove, Miami, FL: higher priced homes
- Overtown, Miami, FL: higher priced homes
- Riviera, Coral Gables, FL: higher priced homes
- Model City, Miami, FL: higher priced homes
Neighborhoods with Similar Populations
- Yorkville, Manhattan, NY: higher priced homes
- Germantown, Philadelphia, PA: less expensive homes
- Fordham, Bronx, NY: higher priced homes
- Downtown Long Beach, Long Beach, CA: higher priced homes
- Downtown Jersey City, Jersey City, NJ: higher priced homes
- Crown Heights, Brooklyn, NY: higher priced homes
- Westchester, Los Angeles, CA: higher priced homes
- Coral Way, Miami, FL: higher priced homes
- Chicago Lawn, Chicago, IL: less expensive homes
- Central East Denver, Denver, CO: higher priced homes
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