Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Beach Miami Beach area can be challenging. Home prices in South Beach Miami Beach are now at a median cost of $684,831, lower than the Miami Beach average of $803,402.
The average cost of rent is $1,609/mo in South Beach Miami Beach, primarily driven by the current value of real estate in the South Beach Miami Beach area. While nearly 70.93% of residents own their homes outright in South Beach Miami Beach, 48.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Beach Miami Beach is $7,000 per month. Households that rent pay about 22.99% of their income on rent here. South Beach Miami Beach's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Flamingo-Lummus, Miami Beach, FL: less expensive homes
- South of Fifth, Miami Beach, FL: higher priced homes
- West Avenue, Miami Beach, FL: less expensive homes
- City Center, Miami Beach, FL: less expensive homes
- Bayshore, Miami Beach, FL: higher priced homes
- Oceanfront, Miami Beach, FL: equally priced homes
- Downtown Miami, Miami, FL: less expensive homes
- Wynwood, Miami, FL: less expensive homes
- Overtown, Miami, FL: less expensive homes
- Normandy Isles, North Bay Village, FL: less expensive homes
Neighborhoods with Similar Populations
- Amtrak, San Bernardino, CA: less expensive homes
- Anatolia Village, Rancho Cordova, CA: less expensive homes
- Andalusia, Bensalem, PA: less expensive homes
- Pimmit Hills, Falls Church, VA: higher priced homes
- Quail Hollow, Charlotte, NC: less expensive homes
- Putnam Lake, Patterson, NY: less expensive homes
- Puhi, Lihue, HI: less expensive homes
- Providence Estates East, Matthews, NC: less expensive homes
- Prairie Point-Wildberry, Kansas City, MO: less expensive homes
- Port Dixie, Lake Lorraine, FL: less expensive homes
All Local Stats
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