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 $147,947, lower than the Texas average of $235,268.
The average cost of rent is $536/mo in Miami, primarily driven by the current value of real estate in the Miami area. While nearly 73.95% of residents own their homes outright in Miami, 10.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Miami is $5,435 per month. Households that rent pay about 9.87% of their income on rent here. Miami's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Allison, TX: higher priced homes
- Texroy, TX: equally priced homes
- Phillips, TX: equally priced homes
- Dial, TX: less expensive homes
- Reydon, OK: equally priced homes
- Borger, TX: less expensive homes
- Durham, OK: equally priced homes
- Bunavista, TX: equally priced homes
- Stinnett, TX: less expensive homes
- Philrich, TX: higher priced homes
Cities with Similar Populations
- South Lima, NY: higher priced homes
- Horse Branch, KY: less expensive homes
- Hortonville, NY: higher priced homes
- Hotwells, LA: higher priced homes
- Indianola, OK: less expensive homes
- Inglis, OR: higher priced homes
- Inverness, CA: higher priced homes
- Irving, IL: less expensive homes
- Irvington, IL: less expensive homes
- Lemitar, NM: equally priced homes
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