The Most Affordable Neighborhoods in South of Fifth, Miami Beach, FL by Home Value

 

South of Fifth, Miami Beach, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the South of Fifth area can be challenging. Home prices in South of Fifth are now at a median cost of $1,574,394, higher than the Miami Beach average of $803,402.

The average cost of rent is $574/mo in South of Fifth, primarily driven by the current value of real estate in the South of Fifth area. While nearly 37.94% of residents own their homes outright in South of Fifth, 75.45% rent.

Housing affordability isn’t just about home prices, though. The average household income in South of Fifth is $4,530 per month. Households that rent pay about 12.66% of their income on rent here. South of Fifth's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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