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These days, finding an affordable place to live in the North Miami area can be challenging. Home prices in North Miami are now at a median cost of $438,162, higher than the Florida average of $396,783.
The average cost of rent is $1,768/mo in North Miami, primarily driven by the current value of real estate in the North Miami area. In North Miami, 54.60% of households rent, and 39.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Miami is $5,338 per month. Households that rent pay about 33.12% of their income on rent here. North Miami’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Biscayne Park, FL: higher priced homes
- Golden Glades, FL: equally priced homes
- Miami Shores, FL: higher priced homes
- Pinewood, FL: less expensive homes
- El Portal, FL: higher priced homes
- North Miami Beach, FL: less expensive homes
- Bay Harbor Islands, FL: higher priced homes
- Westview, FL: less expensive homes
- Indian Creek, FL: higher priced homes
- Bal Harbour, FL: higher priced homes
Cities with Similar Populations
- Biloxi, MS: less expensive homes
- Mayaguez, PR: less expensive homes
- Brentwood, CA: higher priced homes
- Casper, WY: less expensive homes
- Clermont, FL: equally priced homes
- Cookeville, TN: less expensive homes
- State College, PA: equally priced homes
- Malden, MA: higher priced homes
- North Little Rock, AR: less expensive homes
- Northglenn, CO: higher priced homes
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