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These days, finding an affordable place to live in the North Miami Beach area can be challenging. Home prices in North Miami Beach are now at a median cost of $369,645, lower than the Florida average of $396,783.
The average cost of rent is $2,030/mo in North Miami Beach, primarily driven by the current value of real estate in the North Miami Beach area. In North Miami Beach, 49.17% of households rent, and 47.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Miami Beach is $5,671 per month. Households that rent pay about 35.79% of their income on rent here. North Miami Beach’s most expensive areas are in the western 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
- Ojus, FL: higher priced homes
- Golden Glades, FL: equally priced homes
- Sunny Isles Beach, FL: higher priced homes
- Aventura, FL: higher priced homes
- Ives Estates, FL: less expensive homes
- North Miami, FL: higher priced homes
- Biscayne Park, FL: higher priced homes
- Bay Harbor Islands, FL: higher priced homes
- Bal Harbour, FL: higher priced homes
- Golden Beach, FL: higher priced homes
Cities with Similar Populations
- Beavercreek, OH: less expensive homes
- Benton, AR: less expensive homes
- Brea, CA: higher priced homes
- Brighton, MA: higher priced homes
- Carlisle, PA: less expensive homes
- Chester, VA: less expensive homes
- Chesterfield, MO: higher priced homes
- Chillicothe, OH: less expensive homes
- Morganton, NC: less expensive homes
- Rancho Santa Margarita, CA: higher priced homes
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