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Miami-Dade County Housing Market

Florida · 67 counties · Ranked #2955 in home value

Above National Avg

Housing at a Glance

Median Home Value

$425,400

vs national+$425,400 vs $281,900 national

Median Gross Rent

$1,731/mo

vs national+$1,731 vs $1,163 national

Effective Tax Rate

0.83%

vs national0.83% vs 1.02% national

Median Household Income

$68,694

vs national$68,694 vs $74,755 national

Affordability Ratio

6.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

37.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,516

Tax as % of Home Value

0.83%

Monthly Owner Cost

$1,668

Renter Income

$51,335

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Miami-Dade County?

The median home value in Miami-Dade County is $425,400. This is above the national median of $281,900.

How much is rent in Miami-Dade County?

The median gross rent in Miami-Dade County is $1,731 per month.

What is the property tax rate in Miami-Dade County?

The effective property tax rate in Miami-Dade County is 0.83%. The median annual property tax bill is $3,516.

Is Miami-Dade County affordable?

With a home-value-to-income ratio of 6.2x, Miami-Dade County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.