In Miami, a typical home is worth $107,600 and typical rent is $835 a month. Compared with all of Ottawa County, the typical home value is 13% lower, typical household income is 7% lower, and the share of households that own their home is 12 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $105,103 to $130,377.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Miami is in Ottawa County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Ottawa County. See the county
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Miami rose 7.3%; in Oklahoma, it rose 2.6%.
2
56% of households in Miami own their home, against 68% in Ottawa County.
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Miami
What homes there are in Miami, 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
Ottawa County
Oklahoma
United States
Kind of home: Miami and its comparisons
Measure
Miami
Ottawa County
Oklahoma
United States
Detached house
79%
77%
73%
61%
Attached house
3%
2%
2%
6%
Building of 2 to 4
5%
4%
5%
8%
Apartments (5 or more)
11%
6%
12%
19%
Mobile home
1%
12%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Miami, 8 in 10 homes are single-family detached houses, about the same as in Ottawa County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Miami
Ottawa County
Oklahoma
United States
Year built: Miami and its comparisons
Measure
Miami
Ottawa County
Oklahoma
United States
Before 1960
45%
32%
21%
26%
1960–1979
33%
29%
28%
24%
1980–1999
16%
22%
24%
25%
2000–2009
4%
10%
13%
14%
2010 or later
3%
7%
13%
11%
Homes in Miami are older: the typical year built is 1965; in Ottawa County, 1974.
In Miami, 13% of homes have 1 bedroom or none (studios); 61% have 3 bedrooms or more, against 64% in Ottawa County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K46%
$100K–$200K39%
$200K–$300K11%
$300K–$500K3%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Miami and its comparisons
Measure
Miami
Under $100K
46%
$100K–$200K
39%
$200K–$300K
11%
$300K–$500K
3%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA limit for Ottawa County is high ($541,287): at least 99% of owner-occupied homes in Miami are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50015%
$500–$99955%
HUD fair market rent, 2 bedrooms: $916
$1,000–$1,49927%
$1,500–$1,9992%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Miami and its comparisons
Measure
Miami
Under $500
15%
$500–$999
55%
$1,000–$1,499
27%
$1,500–$1,999
2%
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Ottawa County is $916: about 61% of rents in Miami are below it.
With a mortgage
$1,082 a month
Ottawa County: $1,141 a month
Without a mortgage
$452 a month
Ottawa County: $433 a month
Owners with a mortgage
55%
Ottawa County: 47%
The typical cost for an owner with a mortgage in Miami is $1,082 a month, less than in Ottawa County ($1,141); without one, $452.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Miami+34%
Ottawa County+43%
Oklahoma+46%
United States+53%
Typical rent
Miami+18%
Ottawa County+16%
Oklahoma+25%
United States+33%
Typical household income
Miami+26%
Ottawa County+25%
Oklahoma+23%
United States+29%
Change since 2015–2019: Miami and its comparisons
Measure
Miami
Ottawa County
Oklahoma
United States
Typical home value
+34%
+43%
+46%
+53%
Typical rent
+18%
+16%
+25%
+33%
Typical household income
+26%
+25%
+23%
+29%
The typical home value in Miami rose 34% since 2015–2019, less than in Ottawa County (43%).
The typical rent in Miami rose 18% since 2015–2019, about the same as in Ottawa County (16%).
While home values in Miami changed +34% and rent +18%, the typical household income rose 26%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Miami and its comparisons
Measure
Miami
Ottawa County
Oklahoma
United States
Rental vacancy
6.2%
4.6%
6.5%
5.5%
Homeowner vacancy
3.3%
1.9%
1.2%
0.9%
More than one person per room
2.4%
3.4%
2.9%
3.4%
People per household
2.42
2.45
2.50
2.53
Drive alone
80%
82%
77%
69%
Carpool
11%
11%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
3%
2%
2%
3%
Work from home
4%
5%
9%
15%
Other means
1%
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
The rental vacancy rate in Miami is 6.2%, higher than in Ottawa County (4.6%).
More than one person per room: that is how 2.4% of households in Miami live, less than in Ottawa County (3.4%).
Much as in Ottawa County, a household in Miami has 2.42 people on average.
The car rules in Miami: 80% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Miami?
A typical home is within reach of the typical income
We start with a typical home in Miami, worth $107,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 23% of the typical household income in Miami, which is $46,410 a year.
The calculator's FHA and conventional loan limits are those of all of Ottawa 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. 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 $3,766 (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
$873
at 7.18% · 30 years
Loan amount
$105,651
Total interest
$152,007
Paid off in
November 2056
Includes $1,817 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,083 a month
Your payment · 23%
Tight
$1,083 to $1,392 a month
Hard
more than $1,392 a month
Compared with the typical household income in Miami ($46,410 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$716
Property tax
$65
Home insurance
$45
FHA mortgage insurance (MIP)
$48
You need at least $3,766 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 $873; principal and interest $716.
The city and its county
Miami and Ottawa County
Miami is in Ottawa County, Oklahoma. 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
Map of Ottawa County, Oklahoma, with Miami marked. Around it, the neighboring counties.
Miami
Ottawa County
Other cities with a page
Miami's own numbers
Typical home value
$107,600
Typical monthly rent
$835
Typical yearly household income
$46,410
Households that own their home
56%
Effective property tax rate
0.72%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Ottawa County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$916
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
10%
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 Ottawa County.
A typical home in Miami is worth $107,600: 13% below the county and 46% below Oklahoma. With the typical household income in Miami ($46,410 a year), a typical home costs 2.3 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.
Miami2.3 years
Ottawa2.5 years
Oklahoma3.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Ottawa County
According to FHFA’s house price index, home prices in Ottawa County rose 75% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Ottawa County.
Yearly change in FHFA’s price index in Ottawa County, 2016 to 2025
2016: +0.6% +0.6% 2016
2017: +0.8% +0.8% 2017
2018: +7.0% +7.0% 2018
2019: +2.3% +2.3% 2019
2020: +3.2% +3.2% 2020
2021: +7.5% +7.5% 2021
2022: +10.6% +10.6% 2022
2023: +11.1% +11.1% 2023
2024: +15.1% +15.1% 2024
2025: +0.5% +0.5% 2025
Change in FHFA’s price index in Ottawa County, Oklahoma and the United States
Period
County
Oklahoma
U.S.
Last year (2025)
+0.5%
+2.6%
+2.9%
5 years (2020–2025)
+53%
+46%
+47%
10 years (2015–2025)
+75%
+71%
+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 next to Ottawa County, Oklahoma and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Miami$107,600
Ottawa$123,300
Oklahoma$199,800
United States$332,700
Typical monthly rent
Miami$835
Ottawa$788
Oklahoma$1,014
United States$1,413
Typical yearly household income
Miami$46,410
Ottawa$49,947
Oklahoma$65,039
United States$80,734
See the full table
Miami next to Ottawa County and Oklahoma
Measure
Miami
Ottawa County
Oklahoma
U.S.
Typical home value
$107,600 ▼13% below the county
$123,300
$199,800
$332,700
Typical monthly rent
$835 ▲6% above the county
$788
$1,014
$1,413
Typical yearly household income
$46,410 ▼7% below the county
$49,947
$65,039
$80,734
Households that own their home
56% ▼12 points below the county
68%
66%
65%
Typical yearly property tax
$772
$763
$1,599
$3,119
Effective property tax rate
0.72% ▲0.1 points above the county
0.62%
0.8%
0.94%
Renters with high rent for their income
47% ▲1 points above the county
46%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ottawa 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
For a typical $107,600 home in Miami, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Miami's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$873a month
Least cash to close
Down payment
$3,766
Cash to close
$6,994
Rate
7.18%
Mortgage insurance
FHA MIP · $48
Conventional, 5% down$853a month
Down payment
$5,380
Cash to close
$8,608
Rate
7.18%
Mortgage insurance
PMI · $51
Conventional, 20% down, no PMI$693a month
Down payment
$21,520
Cash to close
$24,748
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$792a month
Down payment
$16,140
Cash to close
$19,368
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Miami
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$873
$3,766
$105,651
7.18%
FHA MIP · $48
$6,994
580
Conventional, 5% down
$853
$5,380
$102,220
7.18%
PMI · $51
$8,608
620*
Conventional, 20% down, no PMI
$693
$21,520
$86,080
7.18%
None
$24,748
620*
ITIN, 15% down (example)
$792
$16,140
$91,460
8.18%
None
$19,368
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 is $835 a month: 6% above the county. In Miami, 47% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Ottawa County, by unit size. To pay the 2-bedroom one ($916 a month) without spending more than 30% of your income, you would need to earn $17.62 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 Ottawa County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$696
$13.38
$27,840
1 bedroom
$700
$13.46
$28,000
2 bedrooms
$916
$17.62
$36,640
3 bedrooms
$1,154
$22.19
$46,160
4 bedrooms
$1,204
$23.15
$48,160
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
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Miami is in ZIP code 74354.
For 2 bedrooms it is $990: $74 more than the fair market rent for Ottawa County ($916).
Fair market rent by ZIP code and size in Miami, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
74354
$750
$760
$990
$1,250
$1,300
ZIP code2 bd3 bd
74354 $990$1,250
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Miami 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 6 buildings with rents for lower incomes in Miami. These are the largest.
Pine Place Apartments1100 Pine Pl, Miami 7435480 low-income homes · For older adults(918) 542-3616
Nine Tribes Tower701 E Street Plz, Miami 7435450 low-income homes · Run by Housing Authority of the City of Miami,Oklaho · Average payment: $465 a month · Average wait: 21 months(918) 542-6691
Route 66 Landing36 N Main St, Miami 7435442 low-income homes · 1 bd: 4 · 2 bd: 20 · 3 bd: 18 · In service since 2017 · For families
Hope Housing of Miami1615 20th Ave SW, Miami 7435424 low-income homes · For people with disabilities(918) 256-7825
Neosho Ridge1802 18th Pl SW, Miami 7435424 low-income homes · 3 bd: 24 · In service since 2011 · For people with disabilities, families
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.
We found no HUD-approved agencies with an office in Ottawa County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Miami or Ottawa County. The ones below are statewide in Oklahoma: they work in Miami the same as in the rest of the state.
Oklahoma state agency help of 3.5% of the loan for the down payment and closing costs, as a second lien with no interest and no installments, repaid when you pay off the loan, refinance or leave the home.Offered by Oklahoma Housing Finance Agency (OHFA).
No legal help resource on our list is for Miami or Ottawa 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 and all of Ottawa 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?
The typical home value in Miami is $107,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ottawa County it is $123,300.
How much does it cost to rent in Miami?
Typical rent in Miami is $835 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ottawa County is $916.
What is the FHA loan limit in Miami?
Miami uses the FHA limit for all of Ottawa County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Miami?
The typical homeowner in Miami pays $772 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in Ottawa County, the rate is 0.62%.
Where can I find free help to buy or rent in Miami?
We found no HUD-approved counseling agencies with an office in Ottawa County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
