Miami's median gross rent is $1,758 and the median value of owner-occupied homes is $518,100 (U.S. Census Bureau, 2020–2024); 30.8% of housing units are owner-occupied. These are citywide medians, not asking prices. Verify real estate licensees with the Florida DBPR. This is general information, not financial or legal advice.
Real estate in Miami
Miami housing facts from the Census Bureau and how to verify agents and property records.
Miami housing at a glance
| Measure | Value | Period |
|---|---|---|
| Median gross rent | $1,758 | 2020–2024 |
| Median value of owner-occupied housing units | $518,100 | 2020–2024 |
| Owner-occupied housing unit rate | 30.8% | 2020–2024 |
| Median household income | $62,462 | 2020–2024 |
| Population estimate | 489,812 | July 1, 2025 |
Estimates from QuickFacts, not asking prices.
Renting or buying: what to weigh
- Time horizon and total cost.
- Neighborhood fit: see the neighborhoods guide.
- Moving deadlines: see moving to Miami.
Check an agent: Florida DBPR.
Your options
Renting, buying and where.
Frequently asked questions
Is it better to rent or buy?
It depends on your timeline and finances; 30.8% of units are owner-occupied. We cannot give personalized advice.
What is the median rent?
$1,758 per month (gross rent, 2020–2024, Census Bureau).
How do I check a real estate agent?
Use the Florida DBPR's license search.
Sources
Facts on this page were read from the sources below on October 11, 2026. Hours, fares, prices and event dates change — confirm with the source before you travel. How we research and update.
- QuickFacts: Miami city, Florida — U.S. Census Bureau
- Florida DBPR license search — Florida Department of Business and Professional Regulation
- New Resident - Welcome to Florida! — Florida Highway Safety and Motor Vehicles
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