Home Price Key
Affordable
Average
Expensive
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 $804,917, higher than the Florida average of $278,762.
The average cost of rent is $1,576/mo in South Miami, primarily driven by the current value of real estate in the South Miami area. While nearly 46.66% of residents own their homes outright in South Miami, 36.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Miami is $9,595 per month. Households that rent pay about 16.43% of their income on rent here. South Miami's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Glenvar Heights, FL: less expensive homes
- Coral Gables, FL: higher 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: higher 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
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