Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Model City area can be challenging. Home prices in Model City are now at a median cost of $237,453, lower than the Miami average of $345,832.
The average cost of rent is $1,160/mo in Model City, primarily driven by the current value of real estate in the Model City area. While nearly 43.65% of residents own their homes outright in Model City, 64.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Model City is $2,710 per month. Households that rent pay about 42.79% of their income on rent here. Model City's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Little Haiti, Miami, FL: higher priced homes
- Allapattah, Miami, FL: equally priced homes
- Upper Eastside, Miami, FL: higher priced homes
- Wynwood, Miami, FL: higher priced homes
- Overtown, Miami, FL: higher priced homes
- Downtown Miami, Miami, FL: higher priced homes
- Little Havana, Miami, FL: higher priced homes
- West Flagler, Miami, FL: higher priced homes
- Flagami, Miami, FL: higher priced homes
- Bayshore, Miami Beach, FL: higher priced homes
Neighborhoods with Similar Populations
- Westgate, Henderson, NV: higher priced homes
- Estrella-Tolleson, Tolleson, AZ: equally priced homes
- Catholic University-Brookland, Washington, DC: higher priced homes
- Cal Young, Eugene, OR: higher priced homes
- Belmont, Bronx, NY: higher priced homes
- Brighton Beach, Brooklyn, NY: higher priced homes
- Mountain's Edge, Las Vegas, NV: higher priced homes
- Near South Side, Chicago, IL: higher priced homes
- North Central, Philadelphia, PA: less expensive homes
- North Dorchester, Boston, MA: higher priced homes
All Local Stats
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