The Most Affordable Neighborhoods in West Avenue, Miami Beach, FL by Home Value

 

West Avenue, Miami Beach, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Avenue area can be challenging. Home prices in West Avenue are now at a median cost of $488,388, lower than the Miami Beach average of $937,166.

The average cost of rent is $2,115/mo in West Avenue, primarily driven by the current value of real estate in the West Avenue area. In West Avenue, 66.78% of households rent, and 39.85% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in West Avenue is $8,199 per month. Households that rent pay about 25.80% of their income on rent here. West Avenue’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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