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These days, finding an affordable place to live in the Wynwood area can be challenging. Home prices in Wynwood are now at a median cost of $557,234, higher than the Miami average of $492,262.
The average cost of rent is $2,633/mo in Wynwood, primarily driven by the current value of real estate in the Wynwood area. In Wynwood, 73.26% of households rent, and 36.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wynwood is $9,155 per month. Households that rent pay about 28.76% of their income on rent here. Wynwood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Overtown, Miami, FL: less expensive homes
- Downtown Miami, Miami, FL: higher priced homes
- Allapattah, Miami, FL: less expensive homes
- Little Haiti, Miami, FL: higher priced homes
- Model City, Miami, FL: less expensive homes
- Upper Eastside, Miami, FL: higher priced homes
- Little Havana, Miami, FL: less expensive homes
- West Avenue, Miami Beach, FL: less expensive homes
- Bayshore, Miami Beach, FL: higher priced homes
- City Center, Miami Beach, FL: higher priced homes
Neighborhoods with Similar Populations
- Park Heights, Baltimore, MD: less expensive homes
- Greenbrier East, Chesapeake, VA: less expensive homes
- Highline, Seattle, WA: equally priced homes
- Kyle Canyon, Las Vegas, NV: equally priced homes
- Landmark-Van Dom, Alexandria, VA: less expensive homes
- North End, St. Paul, MN: less expensive homes
- North Laurel, Scaggsville, MD: equally priced homes
- North Park San Diego, San Diego, CA: higher priced homes
- Northeast, Reno, NV: less expensive homes
- Las Tierras, El Paso, TX: less expensive homes
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