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These days, finding an affordable place to live in the Miami area can be challenging. Home prices in Miami are now at a median cost of $188,417, lower than the Missouri average of $246,641.
The average cost of rent is $593/mo in Miami, primarily driven by the current value of real estate in the Miami area. In Miami, 23.12% of households rent, and 60.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Miami is $5,338 per month. Households that rent pay about 11.10% of their income on rent here. Miami’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stanhope, MO: equally priced homes
- Sharon, MO: less expensive homes
- DeWitt, MO: less expensive homes
- Wakenda, MO: less expensive homes
- Slater, MO: less expensive homes
- Malta Bend, MO: equally priced homes
- Orearville, MO: higher priced homes
- Marshall, MO: less expensive homes
- Brunswick, MO: less expensive homes
- Grand Pass, MO: equally priced homes
Cities with Similar Populations
- Roy, MT: less expensive homes
- Neon, KY: less expensive homes
- Nestlow, WV: less expensive homes
- New Miner, WI: less expensive homes
- New Town, TN: higher priced homes
- Nimrod, MN: higher priced homes
- North Jackson, PA: higher priced homes
- North Jay, NY: equally priced homes
- Robeson Extension, PA: equally priced homes
- Romeroville, NM: higher priced homes
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