Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the South Miami area can be challenging. Home prices in South Miami are now at a median cost of $1,098,961, higher than the Florida average of $396,783.
The average cost of rent is $2,156/mo in South Miami, primarily driven by the current value of real estate in the South Miami area. In South Miami, 40.14% of households rent, and 47.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Miami is $10,825 per month. Households that rent pay about 19.92% of their income on rent here. South 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
- Glenvar Heights, FL: less expensive homes
- Coral Gables, FL: equally priced homes
- Pinecrest, FL: higher priced homes
- Coral Terrace, FL: less expensive homes
- West Miami, FL: less expensive homes
- Sunset, FL: less expensive homes
- Westchester, FL: less expensive homes
- Kendall, FL: less expensive homes
- Shenandoah, FL: less expensive homes
- Westwood Lakes, FL: less expensive homes
Cities with Similar Populations
- East Liverpool, OH: less expensive homes
- Temple, GA: less expensive homes
- Swartz Creek, MI: less expensive homes
- Stroudsburg, PA: less expensive homes
- Stevenson Ranch, CA: equally priced homes
- St. Marys, GA: less expensive homes
- Fairwood, WA: less expensive homes
- Exeter, NH: less expensive homes
- Evergreen Park, IL: less expensive homes
- Elkridge, MD: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood