Affordable
Expensive
Expensive
Colorblind friendly
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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 $1,366,060, higher than the Miami Beach average of $937,166.
The average cost of rent is $1,324/mo in South of Fifth, primarily driven by the current value of real estate in the South of Fifth area. In South of Fifth, 69.95% of households rent, and 56.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South of Fifth is $6,867 per month. Households that rent pay about 19.28% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
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- Overtown, Miami, FL: less expensive homes
- Little Havana, Miami, FL: less expensive homes
Neighborhoods with Similar Populations
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- Lincoln, Vancouver, WA: less expensive homes
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