Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Miami Shores area can be challenging. Home prices in Miami Shores are now at a median cost of $503,116, higher than the Florida average of $278,762.
The average cost of rent is $1,600/mo in Miami Shores, primarily driven by the current value of real estate in the Miami Shores area. While nearly 30.58% of residents own their homes outright in Miami Shores, 32.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Miami Shores is $9,652 per month. Households that rent pay about 16.58% of their income on rent here. Miami Shores's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- El Portal, FL: higher priced homes
- Biscayne Park, FL: equally priced homes
- Pinewood, FL: less expensive homes
- North Miami, FL: higher priced homes
- Gladeview, FL: less expensive homes
- West Little River, FL: less expensive homes
- North Bay Village, FL: less expensive homes
- Westview, FL: less expensive homes
- Indian Creek, FL: higher priced homes
- Golden Glades, FL: less expensive homes
Cities with Similar Populations
- Aguada, PR: less expensive homes
- Southington, CT: less expensive homes
- Suisun City, CA: less expensive homes
- Van Buren, AR: less expensive homes
- Cumberland, MD: less expensive homes
- Coventry, RI: less expensive homes
- Cornelius, NC: equally priced homes
- Christiansburg, VA: less expensive homes
- Chillum, MD: less expensive homes
- Butte, MT: less expensive homes
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