Housing & Real Estate
Miami homes sell at a median $518,100 (estimated market value runs 22% higher at $633,150), with median rent $1,758 (about the same as Miami-Dade County median $1,829; 1.1× higher than Florida median $1,669). Homeownership rate: 30.8%. That's 1.1× higher than the Miami-Dade County median ($463,000); 1.4× higher than the Florida median ($359,000). Market is warm. Vacancy rate 13.4%. New construction makes up 19.2% of stock. 671 nursing facilities on file. A municipal building code is in effect.
- 8.3× annual income — home value vs. household income (vs Florida 5.1×).
- 24.6 years to break even renting at the median (vs Florida 18y).
- 4-BR rent is 2.0× a studio — rent gradient by unit size.
- Median rent 27% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $518,100 — 1.4× the Florida median ($369,200). Median rent $1,758/month. homeownership rate 30.8% — below the U.S. share of ~65%.
| Fair Market Rent · Studio rent | $1,828 (vs Florida $1,593) |
|---|---|
| Fair Market Rent · One-bedroom rent | $1,995 (vs Florida $1,696) |
| Fair Market Rent · Two-bedroom rent | $2,436 (vs Florida $1,972) |
| Fair Market Rent · Three-bedroom rent | $3,127 (vs Florida $2,527) |
| Fair Market Rent · Four-bedroom rent | $3,613 (vs Florida $3,027) |
| Fair Market Rent · HUD FMR area | Miami-Miami Beach-Kendall, FL HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $518,100 (vs Florida $369,200) |
| Median Rent | $1,758 (vs Florida $1,711) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Facilities (15)
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Florida median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Florida median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Florida median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 91.8% (vs Florida 74.2%) |
| Broadband · Broadband-capable premises | 217,404 |
| Electricity · Electricity rate (¢/kWh) | 14.14¢/kWh |
| Electricity · Customers | 10443373 |
| Electricity · Revenue Millions | $19,561 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 66% (vs Florida 100.0%) |
| Mobile Broadband · 5G mobile coverage | 100% (at Florida median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · EPA SDWIS — matched by city+state · Refreshed unknown