Miami housing market: home prices, trends and forecast
Miami home prices: the Zillow Home Value Index put the typical Miami, Florida home at $583,705 in September 2026. That was +1.4% compared with a year earlier, and −1.8% under the peak of $594,276 in October 2024.
- Value of a typical home
- $583,705September 2026, Zillow ZHVI
- Change over 12 months
- +1.4% since September 2025.
Miami home prices since 2000
Miami is drawn in steel, the United States in grey. Since January 2000, Miami's typical home value has risen from $130,862 to $583,705, a ×4.46 gain, compared with ×2.99 for the US over those months. Prices peaked during the boom in February 2007 at $383,365, then fell to a low of $178,368 in September 2011, −53.5%.
Median Miami home price by year
Each yearly figure averages the twelve monthly values; for 2026, the latest month is shown.
| Year | Miami | Change on the year | United States |
|---|---|---|---|
| 2000 | $135,082 | $125,745 | |
| 2001 | $148,054 | +9.6% | $134,899 |
| 2002 | $169,708 | +14.6% | $144,276 |
| 2003 | $199,554 | +17.6% | $155,308 |
| 2004 | $235,480 | +18.0% | $169,891 |
| 2005 | $296,316 | +25.8% | $189,732 |
| 2006 | $363,413 | +22.6% | $206,531 |
| 2007 | $377,855 | +4.0% | $208,449 |
| 2008 | $311,404 | −17.6% | $195,574 |
| 2009 | $225,341 | −27.6% | $177,542 |
| 2010 | $196,406 | −12.8% | $171,462 |
| 2011 | $180,788 | −8.0% | $162,508 |
| 2012 | $187,996 | +4.0% | $161,137 |
| 2013 | $226,204 | +20.3% | $171,420 |
| 2014 | $261,719 | +15.7% | $182,996 |
| 2015 | $292,256 | +11.7% | $192,738 |
| 2016 | $314,502 | +7.6% | $204,509 |
| 2017 | $326,124 | +3.7% | $216,767 |
| 2018 | $337,951 | +3.6% | $230,541 |
| 2019 | $348,085 | +3.0% | $242,088 |
| 2020 | $363,424 | +4.4% | $257,151 |
| 2021 | $404,847 | +11.4% | $295,959 |
| 2022 | $498,274 | +23.1% | $340,014 |
| 2023 | $544,684 | +9.3% | $348,160 |
| 2024 | $585,444 | +7.5% | $359,751 |
| 2025 | $582,705 | −0.5% | $362,959 |
| September 2026 | $583,705 | +1.4% | $366,157 |
Current value of a Miami home bought in any year
This index-based estimate is for a typical home and is not an appraisal.
Each year's figure averages its twelve monthly index values, and the current value is September 2026. Other choices include a calculator for home appreciation.
Are you thinking of selling? Compare local agents at Realtor.com. Advertising disclosure: the site may receive payment for links like this one; no number changes. Disclosure.
Miami housing market forecast
Zillow's Miami, FL metro forecast is +0.7% for the 12 months from September 2026; over the next three months, it is −0.1%. With Miami's typical value at $583,705, the forecast points to near $587,800 a year on.
Zillow's central estimate for the metro appears here; the site does not publish any forecast of its own. Forecasts of this kind over 12 months have typically been off by several percentage points from the realised change, in both directions. This is not investment advice.
One table lists forecasts for every metro: forecast table.
Miami housing market crash risk score
48 of 100, on the high side
It ranks Miami against the 292 cities using five conditions that ran high before earlier price falls. Every input is scored from 0 to 100 compared with the other cities; the five scores then carry equal weight in the average. It shows conditions today, but it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −8.4% | 32 | 20% |
| Market time for homes vs 2019 | −1.2% | 37 | 20% |
| Price-to-rent ratio | 16.4 | 39 | 20% |
| Price-to-income ratio | 8.8 | 92 | 20% |
| 12-month price change | +1.4% | 41 | 20% |
This is not investment advice. Scoring method for each input: methodology. Rankings cover all 292 cities: city crash risk rankings.
Miami inventory and days on market
In September 2026 the Miami, FL metro counted 41,277 homes available for sale, −12.3% against one year before and −8.4% against September 2019. Selling took a median of 85 days per listing (−1.2% against 2019), while price cuts appeared on 14.9% of listings.
| Miami, FL metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 41,277 | −12.3% |
| New listings | 10,234 | |
| Median days on market | 85 | −4.5% |
| Median list price | $490,000 | −2.0% |
| Share with a price cut | 14.9% |
Metro inventory data comes from Realtor.com® Economic Research. Research data from Realtor.com. For every metro: city days on market.
Miami cost of living
Miami's typical asking rent is $2,965 a month, based on the Zillow Observed Rent Index and up +1.3% on a year. At that rent, 16.4 years of payments would cover the cost of a typical home. Median household income stands at $66,337 (Census ACS 2024), which makes the typical home worth 8.8 times one year's income. BEA's metro figures show housing costs at 155.6, while prices reach 114.2 with the US average at 100.
The salary needed to move there, plus rent and prices, appears in Miami cost of living.
Other Florida housing markets
- For Jacksonville, $284,832.
- For Tampa, $375,619.
- For Orlando, $372,775.
- St. Petersburg market $351,862.
- Port St. Lucie $384,099
- Cape Coral $334,660
- For Tallahassee, $291,188.
- Fort Lauderdale $509,743
- For Hollywood, $442,331.
- For Gainesville, $291,789.
Statewide figures: Florida housing market.
How to read this chart
The Zillow Home Value Index for Miami appears at every point. Each value covers a typical home in the market's middle third, in dollars of the month, with smoothing and seasonal adjustment. The hollow dot shows the month selected on the slider, and the terracotta dot shows the latest month. These numbers are not adjusted for inflation. To work out what one house is worth from its sale price, use the card above or the home appreciation calculator, since an index follows the typical home rather than a given house.