City · 82,031 residents · Miami-Dade County, Florida
Miami Beach, Florida
In Miami Beach, a typical home is worth $556,700 and typical rent is $1,826 a month. Compared with all of Miami-Dade County, the typical home value is 20% higher and the share of households that own their home is 11 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $453,850 to $530,649.
Typical rent
$2,750a month
▲ 3% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $2,154 to $2,750.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Miami Beach is in Miami-Dade County. The FHA loan limit ($667,000 for a one-unit home), the fair market rents and the help on this page are those of all of Miami-Dade County. See the county
What this place has that others do not, from public data, most unusual first.
1
Miami Beach has the 18th lowest homeownership rate of the 481 cities in Florida with more than 5,000 people (41%).
2
Nearby, in North Bay Village, the typical home value is $464,200: 17% less than in Miami Beach ($556,700).
3
The typical home in Miami Beach is worth $556,700,20% more than in Miami-Dade County as a whole ($463,000).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Miami Beach
What homes there are in Miami Beach, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Miami Beach
Miami-Dade County
Florida
United States
Kind of home: Miami Beach and its comparisons
Measure
Miami Beach
Miami-Dade County
Florida
United States
Detached house
9%
39%
55%
61%
Attached house
2%
10%
7%
6%
Building of 2 to 4
5%
5%
6%
8%
Apartments (5 or more)
85%
45%
25%
19%
Mobile home
Unreliable estimate
1%
8%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Miami Beach, the apartment is the most common kind of home: 85%, against 45% in Miami-Dade County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Miami Beach
Miami-Dade County
Florida
United States
Year built: Miami Beach and its comparisons
Measure
Miami Beach
Miami-Dade County
Florida
United States
Before 1960
29%
21%
10%
26%
1960–1979
39%
29%
24%
24%
1980–1999
18%
26%
34%
25%
2000–2009
11%
13%
18%
14%
2010 or later
4%
11%
14%
11%
Homes in Miami Beach are older: the typical year built is 1969; in Miami-Dade County, 1980.
Homes in Miami Beach are smaller: 15% have 3 bedrooms or more; in Miami-Dade County, 45%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K3%
$100K–$200K6%
$200K–$300K16%
$300K–$500K23%
$500K–$750K12%
FHA limit: $667,000
$750K–$1M8%
$1M or more32%
Value of owner-occupied homes: Miami Beach and its comparisons
Measure
Miami Beach
Under $100K
3%
$100K–$200K
6%
$200K–$300K
16%
$300K–$500K
23%
$500K–$750K
12%
$750K–$1M
8%
$1M or more
32%
About 55% of owner-occupied homes in Miami Beach are worth less than the FHA loan limit for Miami-Dade County ($667,000); the rest are worth more.
Monthly rent with utilities
Under the limitOver the limit
Under $5008%
$500–$9993%
$1,000–$1,49917%
$1,500–$1,99933%
$2,000–$2,49919%
$2,500–$2,9998%
HUD fair market rent, 2 bedrooms: $2,564
$3,000 or more11%
Monthly rent with utilities: Miami Beach and its comparisons
Measure
Miami Beach
Under $500
8%
$500–$999
3%
$1,000–$1,499
17%
$1,500–$1,999
33%
$2,000–$2,499
19%
$2,500–$2,999
8%
$3,000 or more
11%
By rent, most homes in Miami Beach cost less than HUD's 2-bedroom fair market rent ($2,564): about 81%.
With a mortgage
$3,256 a month
Miami-Dade County: $2,451 a month
Without a mortgage
$1,393 a month
Miami-Dade County: $815 a month
Owners with a mortgage
44%
Miami-Dade County: 59%
Owning costs more in Miami Beach: with a mortgage, the typical cost is $3,256 a month; in Miami-Dade County, $2,451. Without one, $1,393.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Miami Beach+21%
Miami-Dade County+60%
Florida+67%
United States+53%
Typical rent
Miami Beach+31%
Miami-Dade County+38%
Florida+42%
United States+33%
Typical household income
Miami Beach+35%
Miami-Dade County+40%
Florida+34%
United States+29%
Change since 2015–2019: Miami Beach and its comparisons
Measure
Miami Beach
Miami-Dade County
Florida
United States
Typical home value
+21%
+60%
+67%
+53%
Typical rent
+31%
+38%
+42%
+33%
Typical household income
+35%
+40%
+34%
+29%
The typical home value in Miami Beach rose 21% since 2015–2019, less than in Miami-Dade County (60%).
Rents in Miami Beach rose more slowly than in Miami-Dade County: 31% since 2015–2019, against 38%.
The typical household income in Miami Beach rose 35%: more than home values (+21%) and rent (+31%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Miami Beach and its comparisons
Measure
Miami Beach
Miami-Dade County
Florida
United States
Rental vacancy
7.6%
5.5%
7.6%
5.5%
Homeowner vacancy
3.4%
1.2%
1.4%
0.9%
More than one person per room
7.9%
7.2%
3.3%
3.4%
People per household
1.95
2.76
2.51
2.53
Drive alone
47%
69%
70%
69%
Carpool
6%
9%
9%
9%
Public transit
6%
3%
1%
3%
Walk or bike
12%
3%
2%
3%
Work from home
24%
14%
16%
15%
Other means
5%
2%
2%
2%
Typical commute
20 to 29 minutes
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
There is more rental housing open in Miami Beach: 7.6% is empty and offered for rent, against 5.5% in Miami-Dade County.
Much as in Miami-Dade County, 7.9% of households in Miami Beach have more than one person per room.
On average, a household in Miami Beach has 1.95 people, fewer than in Miami-Dade County (2.76).
Many people here do not commute at all: 24% work from home; in Miami-Dade County, 14%.
Do the math
What would you pay each month for a home in Miami Beach?
A typical home costs more than the typical income allows
We start with a typical home in Miami Beach, worth $556,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 76% of the typical household income in Miami Beach, which is $72,856 a year. For that payment to be 28% of income, a household would need to earn about $197,285 a year.
The calculator's FHA and conventional loan limits are those of all of Miami-Dade County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Miami Beach. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $19,485 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,603
at 7.18% · 30 years
Loan amount
$546,616
Total interest
$786,453
Paid off in
November 2056
Includes $9,401 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,700 a month
Tight
$1,700 to $2,186 a month
Hard
more than $2,186 a month
Your payment · 76%
Compared with the typical household income in Miami Beach ($72,856 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,703
Property tax
$422
Home insurance
$232
FHA mortgage insurance (MIP)
$246
You need at least $19,485 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,603; principal and interest $3,703.
The city and its county
Miami Beach and Miami-Dade County
Miami Beach is in Miami-Dade County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Miami Beach
Map of Miami-Dade County, Florida, with Miami Beach marked. Around it, the neighboring counties.
Miami Beach
Miami-Dade County
Other cities with a page
Miami Beach's own numbers
Typical home value
$556,700
Typical monthly rent
$1,826
Typical yearly household income
$72,856
Households that own their home
41%
Effective property tax rate
0.91%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Miami-Dade County
FHA limit, one-unit home
$667,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,564
Price change over 5 years (FHFA)
+80%
Homes in a high flood-risk zone
40%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Miami-Dade County.
A typical home in Miami Beach is worth $556,700: 20% above the county and 55% above Florida. With the typical household income in Miami Beach ($72,856 a year), a typical home costs 7.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Miami Beach7.6 years
Miami-Dade6.5 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Miami-Dade County
According to FHFA’s house price index, home prices in Miami-Dade County rose 148% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Miami-Dade County.
Yearly change in FHFA’s price index in Miami-Dade County, 2016 to 2025
2016: +9.0% +9.0% 2016
2017: +7.8% +7.8% 2017
2018: +7.4% +7.4% 2018
2019: +5.0% +5.0% 2019
2020: +4.2% +4.2% 2020
2021: +13.0% +13.0% 2021
2022: +22.4% +22.4% 2022
2023: +14.9% +14.9% 2023
2024: +10.0% +10.0% 2024
2025: +2.8% +2.8% 2025
Change in FHFA’s price index in Miami-Dade County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
+2.8%
−0.5%
+2.9%
5 years (2020–2025)
+80%
+60%
+47%
10 years (2015–2025)
+148%
+127%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Miami Beach next to Miami-Dade County, Florida and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Miami Beach$556,700
Miami-Dade$463,000
Florida$359,000
United States$332,700
Typical monthly rent
Miami Beach$1,826
Miami-Dade$1,829
Florida$1,669
United States$1,413
Typical yearly household income
Miami Beach$72,856
Miami-Dade$71,753
Florida$74,568
United States$80,734
See the full table
Miami Beach next to Miami-Dade County and Florida
Measure
Miami Beach
Miami-Dade County
Florida
U.S.
Typical home value
$556,700 ▲20% above the county
$463,000
$359,000
$332,700
Typical monthly rent
$1,826
$1,829
$1,669
$1,413
Typical yearly household income
$72,856
$71,753
$74,568
$80,734
Households that own their home
41% ▼11 points below the county
52%
68%
65%
Typical yearly property tax
$5,048 ▲35% above the county
$3,744
$2,730
$3,119
Effective property tax rate
0.91% ▲0.1 points above the county
0.81%
0.76%
0.94%
Renters with high rent for their income
61% ▼4 points below the county
64%
60%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Miami-Dade County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Miami Beach
For a typical $556,700 home in Miami Beach, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Miami Beach's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,603a month
Least cash to close
Down payment
$19,485
Cash to close
$36,186
Rate
7.18%
Mortgage insurance
FHA MIP · $246
Conventional, 5% down$4,501a month
Down payment
$27,835
Cash to close
$44,536
Rate
7.18%
Mortgage insurance
PMI · $264
Conventional, 20% down, no PMI$3,671a month
Down payment
$111,340
Cash to close
$128,041
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,186a month
Down payment
$83,505
Cash to close
$100,206
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Miami Beach
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,603
$19,485
$546,617
7.18%
FHA MIP · $246
$36,186
580
Conventional, 5% down
$4,501
$27,835
$528,865
7.18%
PMI · $264
$44,536
620*
Conventional, 20% down, no PMI
$3,671
$111,340
$445,360
7.18%
None
$128,041
620*
ITIN, 15% down (example)
$4,186
$83,505
$473,195
8.18%
None
$100,206
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Miami Beach is $1,826 a month: about the same as the county. In Miami Beach, 61% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Miami-Dade County, by unit size. To pay the 2-bedroom one ($2,564 a month) without spending more than 30% of your income, you would need to earn $49.31 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Miami-Dade County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,953
$37.56
$78,120
1 bedroom
$2,121
$40.79
$84,840
2 bedrooms
$2,564
$49.31
$102,560
3 bedrooms
$3,277
$63.02
$131,080
4 bedrooms
$3,749
$72.10
$149,960
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Miami Beach
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Miami Beach has 3 ZIP codes with their own.
For 2 bedrooms it runs from $2,900 in 33141 to $3,570 in 33139.
3 of the 3 are above the fair market rent for Miami-Dade County ($2,564).
2-bedroom fair market rent in each of the 3 ZIP codes of Miami Beach, beside the one for Miami-Dade County. For 2 bedrooms it runs from $2,900 in 33141 to $3,570 in 33139. 3 of the 3 are above the fair market rent for Miami-Dade County ($2,564).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $2,564
Lowest: $2,900 (33141)Highest: $3,570 (33139)
Fair market rent by ZIP code and size in Miami Beach, fiscal year 2027.
33139
$2,720
$2,950
$3,570
$4,560
$5,220
33140
$2,460
$2,670
$3,230
$4,130
$4,720
33141
$2,210
$2,400
$2,900
$3,710
$4,240
ZIP code2 bd3 bd
33139 $3,570$4,560
33140 $3,230$4,130
33141 $2,900$3,710
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Miami Beach when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 16 buildings with rents for lower incomes in Miami Beach. These are the largest.
Council Towers North & South1040 Collins Ave, Miami Beach 33139252 homes, 250 low-income · For older adults(305) 538-1639
Rebecca Towers150 Alton Rd, Miami Beach 33139200 low-income homes · Run by Housing Authority of the City of Miami Beach · Average payment: $354 a month · Average wait: 25 months(305) 532-6401
Rebecca Towers North200 Alton Rd, Miami Beach 33139200 low-income homes · For older adults(305) 532-6401
Four Freedoms House3800 Collins Ave, Miami Beach 33140210 homes, 179 low-income · For older adults(305) 673-8425
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 11 HUD-approved agencies with an office in Miami-Dade County; 9 say they serve in Spanish.
1 program is for Miami Beach or Miami-Dade County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Florida: they work in Miami Beach the same as in the rest of the state.
Miami-Dade County loan of up to $35,000, with no interest or monthly payments, for the down payment of first-time buyers who already live in the county; repaid when you sell, refinance or at the end of the term.Offered by Miami-Dade County Housing and Community Development.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
No legal help resource on our list is for Miami Beach or Miami-Dade County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Miami Beach and all of Miami-Dade County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Miami Beach?
The typical home value in Miami Beach is $556,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Miami-Dade County it is $463,000.
How much does it cost to rent in Miami Beach?
Typical rent in Miami Beach is $1,826 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Miami-Dade County is $2,564.
What is the FHA loan limit in Miami Beach?
Miami Beach uses the FHA limit for all of Miami-Dade County (2026): $667,000 for a one-unit home and $1,282,700 for a four-unit home.
How much property tax do owners pay in Miami Beach?
The typical homeowner in Miami Beach pays $5,048 a year, according to the U.S. Census Bureau. That is 0.91% of the home’s value; in Miami-Dade County, the rate is 0.81%.
Where can I find free help to buy or rent in Miami Beach?
There are 11 HUD-approved counseling agencies with an office in Miami-Dade County. 9 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
