Home Price Key
Affordable
Average
Expensive
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 $149,189, lower than the New Mexico average of $199,923.
The average cost of rent is $611/mo in Miami, primarily driven by the current value of real estate in the Miami area. While nearly 63.78% of residents own their homes outright in Miami, 23.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Miami is $3,815 per month. Households that rent pay about 16.01% of their income on rent here. Miami's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Springer, NM: less expensive homes
- Taylor Springs, NM: equally priced homes
- Ocate, NM: less expensive homes
- Val Verde, NM: equally priced homes
- Lake View Pines, NM: higher priced homes
- Idlewild, NM: higher priced homes
- Angel Fire, NM: higher priced homes
- Valle Escondido, NM: higher priced homes
- Taos Pueblo, NM: higher priced homes
- Taos, NM: higher priced homes
Cities with Similar Populations
- Opal, AR: higher priced homes
- Powers, OH: less expensive homes
- Pottsville, TX: higher priced homes
- Postoak, TX: equally priced homes
- Oshoto, WY: higher priced homes
- Osborns Store, VA: higher priced homes
- Orkney Springs, VA: higher priced homes
- Orange Mill, WI: less expensive homes
- Ophelia, VA: higher priced homes
- Prathersville, MO: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood