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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 $89,954, lower than the West Virginia average of $177,366.
The average cost of rent is $849/mo in Miami, primarily driven by the current value of real estate in the Miami area. In Miami, 21.03% of households rent, and 62.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Miami is $5,566 per month. Households that rent pay about 15.26% 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
- Drybranch, WV: less expensive homes
- Dawes, WV: less expensive homes
- Gallagher, WV: less expensive homes
- Standard, WV: less expensive homes
- Hansford, WV: equally priced homes
- Cabin Creek, WV: higher priced homes
- East Bank, WV: higher priced homes
- Glasgow, WV: less expensive homes
- Coalburg, WV: equally priced homes
- Cedar Grove, WV: less expensive homes
Cities with Similar Populations
- Willapa, WA: higher priced homes
- Greens Corners, VT: higher priced homes
- Greenville, UT: higher priced homes
- Groveland, IN: higher priced homes
- Hagewood, LA: higher priced homes
- Harlem, FL: higher priced homes
- Hatton, KY: higher priced homes
- Hayneville, GA: higher priced homes
- Hendersonville, SC: higher priced homes
- Hendon, TN: higher priced homes
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