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Miami

Miami is a waterfront, international city and a magnet for remote workers and second-home buyers. After several boom years the condo market has cooled, giving buyers more negotiating room.

  • Waterfront
  • Nightlife
  • Business district
Indicative figures
Median sale
$640K
Median rent
$3,600/mo
Price per area
$641/sq ft
Year on year
Down −1.5%vs last year
Days on market
85days
Walk / transit
76 / 58/100
Overview

About Miami

High-rise condo towers line Brickell and the beaches, while Coconut Grove and Coral Gables offer leafy, low-rise living. Spanish and English are both everyday languages.

Metrorail, the free Metromover in the core and buses are available, but most residents drive. Traffic on I-95 and US-1 is heavy at peak hours.

In 2026 the median sale price is about $640K, roughly $6,900 per square metre, and a typical 2-bedroom rental costs about $3,600 a month. Prices are down 1.5% on a year ago and homes take around 85 days to sell, which points to balanced demand.

Insurance and condo association assessments are significant costs, and hurricane risk, flood zones and building recertification rules deserve close attention. Property tax is moderate, with no state income tax.

Modern waterfront villa with palm trees on a canal in Miami, Florida
Open-plan living room with dark sofas, wooden floor and garden doors beside kitchen

Walk score76 / 100

Market

Prices and rents

  • Typical sale price

    $640K
  • Typical rent

    $3,600/mo

Miami has cooled over the past year. Buyers have more negotiating room than in recent years, while sellers need to price realistically to attract offers.

Indicative figures from our listings and transactions.

White Art Deco apartment building with curved balconies against a blue sky
Cozy upscale living room with beige sofas, armchairs and soft natural light
Demand
Moderate
Gross yield
6.8%
Homes listed
6
Gallery

Miami in pictures

Map

On the map

6 current listings in Miami. Hover or tap a price for details.

  • PriceListing
  • Area centre
View all on the map
Listings

Homes in Miami

Agents

Agents who know Miami

Areas

Areas in Miami

  • Brickell

    Miami, United States

    Median sale
    $720K
    Median rent
    $3,900/mo
    5 listingsBusiness districtWaterfrontNightlife
  • Coconut Grove

    Miami, United States

    Median sale
    $1.3M
    Median rent
    $4,600/mo
    1 listingWaterfrontUpscaleFamily friendly
Nearby

More cities in United States

  • Austin

    United States

    Median sale
    $560K
    Median rent
    $2,100/mo
    3 listingsFast growingNightlifeBusiness district
  • Chicago

    United States

    Median sale
    $365K
    Median rent
    $2,500/mo
    3 listingsAffordableBusiness districtWaterfront
  • Los Angeles

    United States

    Median sale
    $980K
    Median rent
    $3,600/mo
    5 listingsUpscaleNightlifeWaterfront
  • New York

    United States

    Median sale
    $780K
    Median rent
    $4,900/mo
    10 listingsBusiness districtNightlifeUpscale

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