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

 

West Miami, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Miami area can be challenging. Home prices in West Miami are now at a median cost of $371,658, higher than the Florida average of $278,762.

The average cost of rent is $1,978/mo in West Miami, primarily driven by the current value of real estate in the West Miami area. While nearly 39.75% of residents own their homes outright in West Miami, 43.08% rent.

Housing affordability isn’t just about home prices, though. The average household income in West Miami is $6,577 per month. Households that rent pay about 30.08% of their income on rent here. West Miami's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.


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