The Most Affordable Neighborhoods in South Miami Heights, FL by Home Value

 

South Miami Heights, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the South Miami Heights area can be challenging. Home prices in South Miami Heights are now at a median cost of $232,573, lower than the Florida average of $278,762.

The average cost of rent is $1,427/mo in South Miami Heights, primarily driven by the current value of real estate in the South Miami Heights area. While nearly 36.02% of residents own their homes outright in South Miami Heights, 48.92% rent.

Housing affordability isn’t just about home prices, though. The average household income in South Miami Heights is $4,016 per month. Households that rent pay about 35.52% of their income on rent here. South Miami Heights's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.


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