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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 $121,747, lower than the Oklahoma average of $210,566.
The average cost of rent is $870/mo in Miami, primarily driven by the current value of real estate in the Miami area. In Miami, 39.12% of households rent, and 48.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Miami is $4,192 per month. Households that rent pay about 20.77% of their income on rent here. Miami’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Douthat, OK: higher priced homes
- North Miami, OK: less expensive homes
- Commerce, OK: less expensive homes
- Ottawa, OK: higher priced homes
- Zincville, OK: equally priced homes
- Cardin, OK: higher priced homes
- Lincolnville, OK: equally priced homes
- Narcissa, OK: higher priced homes
- Picher, OK: higher priced homes
- Quapaw, OK: equally priced homes
Cities with Similar Populations
- Aguas Buenas, PR: higher priced homes
- Aledo, TX: higher priced homes
- Artesia, CA: higher priced homes
- New Paltz, NY: higher priced homes
- New Hartford, NY: higher priced homes
- New Territory, TX: higher priced homes
- New Ulm, MN: higher priced homes
- Newberry, FL: higher priced homes
- Newport, KY: higher priced homes
- Newtown, CT: higher priced homes
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