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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 $730,755, higher than the Florida average of $396,783.
The average cost of rent is $1,934/mo in Miami Shores, primarily driven by the current value of real estate in the Miami Shores area. In Miami Shores, 50.99% of households rent, and 37.46% of homeowners own their homes outright.
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 20.04% of their income on rent here. Miami Shores’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- El Portal, FL: equally priced homes
- Biscayne Park, FL: equally priced homes
- Pinewood, FL: less expensive homes
- North Miami, FL: less expensive 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: equally 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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