Miami Real Estate Market Analysis

Houses for Sale in Miami

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Miami is a major city located on the Atlantic Coast in southeastern Florida. With a population of 471,000, it is the principal, central, and most populous city of the South Florida metropolitan area, the most populous metropolis in the southeastern US. South Florida, also known as Greater Miami, is home to 6.1 million people, making it the 7th largest metro area in the nation. According to NeighborhoodScout, more than 70% of the city’s residents are renters rather than homeowners, which is beneficial to those considering investing in the Miami real estate market. This means long-term rental properties enjoy particularly high demand and occupancy rates, and so they can make for a profitable real estate investment in the city. 

Miami is a major center of finance, commerce, and international business. Many large national and international companies call the city home. The financial district in Downtown Miami has one of the largest concentrations of international banks in the US. Because of its proximity to Latin America, the city serves as the headquarters of Latin American operations for more than 1400 multinational corporations, including well-recognized names such as FedEx, Microsoft, and Visa. International trade plays an important role in the city’s economy. Due to its central location between the US and Latin America, Miami is known as the Cargo Gateway of the Americas. PortMiami and Miami International Airport are among the nation’s busiest ports of entry, especially for cargo from Latin American countries and the Carribean. Miami is also a major center for hospitals and clinics, and its Civic Center is emerging as a hub for research institutes, medical centers, and biotechnology industries. 

The tourism and entertainment industries are a vital part of the economy in Miami. Known as the Cruise Capital of the World, the port of Miami is the number one cruise passenger port in the world, offering vacationers a long list of fantastic destinations. Tourists are also drawn to the city’s numerous museums, theaters, entertainment venues, and performing arts centers. More than 23 million domestic and international tourists visited the city in 2018, contributing nearly $18 billion to the local economy. 


The Miami housing market was named the 12th most important US Market to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. Miami’s Downtown is undergoing a multibillion dollar transformation, with multiple construction projects and countless development opportunities. The report highlights Miami’s unparalleled ability to attract global real estate investors, making it a top location for international homebuyers.

Miami  Real Estate Investment Performance

Facts and Market Trends in Miami
Homes For Sale3,587
Airbnb Properties5,555
Rental Properties12,040
Traditional Vacancy rate6.60%
Airbnb Occupancy Rate56.01%
Mashmeter35.24%
Median Price$739,000
Median Rent Price$4,012
Price/sqft$876
Median Days on Market53
Price to Rent Ratio23.9
Average Cap Rate
Airbnb2.94%
Traditional3.07%
Average Rental Income
Airbnb$4,094
Traditional$3,381
 
Median Household Income$79,886
Population439,890
Transportation in Miami
77 / 100
Very Walkable
57 / 100
Good Transit
64 / 100
Bikeable
Best Short Term Rental Markets

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Short Term Rentals For Sale
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Miami  Rent Prices

RENTAL STRATEGY STUDIOS 1 BEDROOM 2 BEDROOMS 3 BEDROOMS 4 BEDROOMS
Airbnb$2,180$2,322$3,182$4,554$6,037
Traditional$1,663$2,043$3,009$4,056$7,416

Miami, FL - Homes for Sale - Newly Listed

460 NE 28th St #4104
Miami, FL 33137
Wynwood - Edgewater
Condo/Coop
5 beds5 baths2,569 sq.ft.
CAP RATE
Trad. -1.41%Airbnb -1.16%
3131 NE 7th Ave #2604
Miami, FL 33137
Wynwood - Edgewater
Condo/Coop
3 beds3 baths1,526 sq.ft.
CAP RATE
Trad. 1.77%Airbnb -0.39%
480 NE 30th St #2007
Miami, FL 33137
Wynwood - Edgewater
Condo/Coop
2 beds2 baths1,380 sq.ft.
CAP RATE
Trad. 0.67%Airbnb -2.41%
488 NE 18th St #4201
Miami, FL 33132
Miami Islands
Condo/Coop
2 beds2 baths1,178 sq.ft.
CAP RATE
Trad. 2.72%Airbnb 0.63%

Top Performing Miami Properties

251 NE 187th St #827
Miami, FL 33179
North Bayfront
Condo/Coop
2 beds1 baths850 sq.ft.
CAP RATE
Trad. 7.62%Airbnb 7.99%
1615 SW 122nd Ave #12-12
Miami, FL 33175
Flagami
Townhouse
3 beds3 baths1,313 sq.ft.
CAP RATE
Trad. 4.95%Airbnb 7.98%
9686 Fontainebleau Blvd #108
Miami, FL 33172
Flagami
Condo/Coop
2 beds2 baths1,000 sq.ft.
CAP RATE
Trad. 4.33%Airbnb 7.97%
12351 SW 190th Ter
Miami, FL 33177
South-West Coconut Grove
Single Family Residential
3 beds1 baths1,188 sq.ft.
CAP RATE
Trad. 6.63%Airbnb 7.97%

Recently Sold Homes in Miami, FL

1040 Biscayne Blvd #3202
Miami, FL 33132
Miami Islands
Condo/Coop
2 beds2 baths1,802 sq.ft.
CAP RATE
Trad. -1.77%Airbnb -3.27%
201 SW 24th Rd
Miami, FL 33129
Brickell
Single Family Residential
2 beds1 baths1,551 sq.ft.
CAP RATE
Trad. 1.77%Airbnb 1.48%
79 SW 12th St #2112-S
Miami, FL 33130
Brickell
Condo/Coop
2 beds2 baths1,108 sq.ft.
CAP RATE
Trad. 1.23%Airbnb 1.23%
24 SW 24th Rd
Miami, FL 33129
Brickell
Single Family Residential
6 beds4 baths5,686 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A

Miami, FL Top Multi Family Homes

3725 NW 11th Ave
Miami, FL 33127
Liberty City
Multi Family
0 beds0 baths2,497 sq.ft.
CAP RATE
Trad. 7.55%Airbnb N/A
142 NW 10th Ave
Miami, FL 33128
Little Havana
Multi Family
11 beds10 baths2,973 sq.ft.
CAP RATE
Trad. 7.42%Airbnb N/A
2249 NW 66th St
Miami, FL 33147
Liberty City
Multi Family
0 beds0 baths2,440 sq.ft.
CAP RATE
Trad. 7.30%Airbnb N/A
5909 NW 5th Ct
Miami, FL 33127
Little Haiti
Multi Family
0 beds0 baths1,202 sq.ft.
CAP RATE
Trad. 7.23%Airbnb N/A

Homes Below Median Price in the Miami, FL Real Estate Market

251 NE 187th St #827
Miami, FL 33179
North Bayfront
Condo/Coop
2 beds1 baths850 sq.ft.
CAP RATE
Trad. 7.62%Airbnb 7.99%
1615 SW 122nd Ave #12-12
Miami, FL 33175
Flagami
Townhouse
3 beds3 baths1,313 sq.ft.
CAP RATE
Trad. 4.95%Airbnb 7.98%
9686 Fontainebleau Blvd #108
Miami, FL 33172
Flagami
Condo/Coop
2 beds2 baths1,000 sq.ft.
CAP RATE
Trad. 4.33%Airbnb 7.97%
12351 SW 190th Ter
Miami, FL 33177
South-West Coconut Grove
Single Family Residential
3 beds1 baths1,188 sq.ft.
CAP RATE
Trad. 6.63%Airbnb 7.97%

Miami, FL Top Airbnb Homes

Entire home/apt · 1 bed
Close to everything!
932

Miami, FL Homes for Rent

5300 Paseo Blvd #604
Miami, FL 33166
Flagami
Apartment
3 beds2 baths1,063 sq.ft.
13203 SW 205th Ln
Miami, FL 33177
South-West Coconut Grove
Single Family
4 beds2 baths2,330 sq.ft.

Miami, FL Open Houses

19310 SW 124th Ct
Miami, FL 33177
South-West Coconut Grove
Single Family Residential
3 beds2 baths1,577 sq.ft.
CAP RATE
Trad. 5.21%Airbnb 4.96%
12342 SW 145th St
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths1,578 sq.ft.
CAP RATE
Trad. 4.03%Airbnb 3.79%
3470 E Coast Ave #H2209
Miami, FL 33137
Wynwood - Edgewater
Condo/Coop
2 beds3 baths1,181 sq.ft.
CAP RATE
Trad. 0.93%Airbnb -0.75%
1424 SW 11th St
Miami, FL 33135
Shenandoah
Single Family Residential
3 beds2 baths2,043 sq.ft.
CAP RATE
Trad. 4.58%Airbnb 2.52%

Best Miami Neighborhoods for Buying Investment Property

Liberty City East
Miami, FL
67%
Mashmeter
property price
410000
Median
cap rate
5.14%
Traditional
9.23%
Airbnb
rental income
$1,755
Traditional
$3,153
Airbnb
homes for sale
0
occupancy rate
55%
Airbnb
Flagami
Miami, FL
65%
Mashmeter
property price
530782
Median
cap rate
5.47%
Traditional
6.95%
Airbnb
rental income
$2,418
Traditional
$3,076
Airbnb
homes for sale
179
occupancy rate
59%
Airbnb
Coral Gables
Miami, FL
65%
Mashmeter
property price
612092
Median
cap rate
5.11%
Traditional
7.18%
Airbnb
rental income
$2,608
Traditional
$3,662
Airbnb
homes for sale
108
occupancy rate
60%
Airbnb
Liberty City
Miami, FL
62%
Mashmeter
property price
428331
Median
cap rate
6.19%
Traditional
8.31%
Airbnb
rental income
$2,209
Traditional
$2,968
Airbnb
homes for sale
192
occupancy rate
55%
Airbnb
Grapeland
Miami, FL
58%
Mashmeter
property price
430000
Median
cap rate
7.62%
Traditional
7.55%
Airbnb
rental income
$2,729
Traditional
$2,707
Airbnb
homes for sale
52
occupancy rate
56%
Airbnb
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