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These days, finding an affordable place to live in the Miami-Dade County area can be challenging. Home prices in Miami-Dade County are now at a median cost of $515,509, higher than the Florida average of $396,783.
The average cost of rent is $2,065/mo in Miami-Dade County, primarily driven by the current value of real estate in the Miami-Dade County area. In Miami-Dade County, 47.77% of households rent, and 42.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Miami-Dade County is $7,080 per month. Households that rent pay about 29.16% of their income on rent here. Miami-Dade County’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Broward County, FL: less expensive homes
- Palm Beach County, FL: equally priced homes
- Hendry County, FL: less expensive homes
- Collier County, FL: higher priced homes
- Monroe County, FL: higher priced homes
- Martin County, FL: less expensive homes
- Glades County, FL: less expensive homes
- St. Lucie County, FL: less expensive homes
- Okeechobee County, FL: less expensive homes
- Lee County, FL: less expensive homes
Counties with Similar Populations
- Maricopa County, AZ: equally priced homes
- Los Angeles County, CA: higher priced homes
- Orange County, CA: higher priced homes
- San Diego County, CA: higher priced homes
- Harris County, TX: less expensive homes
- Essex County, MA: higher priced homes
- Cuyahoga County, OH: less expensive homes
- Arapahoe County, CO: higher priced homes
- Camden County, NJ: less expensive homes
- Cameron County, TX: less expensive homes
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