Miami
Florida · Ranked #97 of 102 metros
16Crisis
Median Home Price
🏠$580K
Need $166K income
Median Rent
🔑$2K
Need $88K income
Housing Shortage
📉180,000
units needed
Building Permits
🔨28,000
annual
Median Income
💰$55K
Pop: 6,138,333
Rent Burden
⚠️45.0%
of renters paying >30%
Price Change (YoY)
📈+6.8%
Homeownership
🏡52.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Miami | National |
|---|---|---|
| Price-to-Income Ratio | 10.5x | 6.1x |
| Rent Burden | 45.0% | 31.5% |
| Homeownership Rate | 52.0% | 65.5% |
| YoY Price Change | +6.8% | +3.5% |
| YoY Rent Change | +5.5% | +2.8% |
| Mortgage Denial Rate | 20.5% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |