Miami real estate market — prices, rental yield and trend
- Average price: $5,802 / m²
- Gross rental yield: 6.84%
- 12-month price change (USD): -3.1%
- Price basis: local-market average
Residential property in Miami averages $5,802 per square metre — -3.1% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 18th most expensive of the 70 markets in the set.
What a buyer pays in Miami
The $5,802 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Against the United States national average of $2,455, Miami carries a 136.3% premium — the gap between this market and the country as a whole.
What it earns
Long-term letting returns about 6.8% gross on the purchase price, 20th of 69 markets by gross yield.
How this figure is built
The price figure for Miami comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. We rate our confidence in this market’s data high: the underlying series is official and current. We recompute every market the same way, which is what lets Miami be compared with a country average or another city.
Sources: Redfin · redfin.com · miamirealtors.com · globalpropertyguide.com. Snapshot: 2026-07-23.
Latest Miami market analysis
- US 10-year Treasury yield touches 5% for the first time since 2023 as mortgage rates reach 6.76% — 2026-09-15
- US Existing-Home Sales Fell 2.0% in August as Supply Reached 4.9 Months — 2026-09-12
- US Home Price Growth Slowed to 1.4% in July, With 19 Big Metros Losing Momentum — 2026-09-09
- The US 30-Year Mortgage Rate Rose to 6.71%, 21 Basis Points Above Last September — 2026-09-04
- US Residential Construction Spending Fell 7.3% Over the Year to $859 Billion in July — 2026-09-03
- US Home Prices Rose 1.5% in June as Chicago Gained 6.9% and Seattle Slipped — 2026-08-27
- US New-Home Sales Fell to 607,000 in July as Supply Reached 9.6 Months — 2026-08-26
- A US Family Now Needs 34% of Its Income for a New-Home Mortgage, the First Rise in Three Quarters — 2026-08-22
- Miami-Dade Sales Rose for an 11th Month as Houses and Condos Moved Apart — 2026-08-20
- US Housing Starts Fell 12.4% in July as Builders Kept Cutting Prices — 2026-08-19
- Manhattan's Median Rent Hit a Record $5,000 in July — 2026-08-15
- US Homebuyer Numbers Hit a Record Low as Sellers Outnumber Them by Half a Million — 2026-08-15
Related markets: United States