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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 Realtors and Real Estate Agents


Miami  Real Estate Investment Performance
Facts and Market Trends in Miami
Homes For Sale3,060
Airbnb Properties1,248
Rental Properties11,250
Traditional Vacancy rate7.00%
Airbnb Occupancy Rate46.90%
Mashmeter67.21%
Median Price$450,000
Median Rent Price$2,596
Price/sqft$710
Median Days on Market179
Price to Rent Ratio20.5
Average Cap Rate
Airbnb-0.87%
Traditional1.95%
Average Rental Income
Airbnb$1,871
Traditional$2,174
 
Median Household Income$54,284
Population463,347
Transportation in Miami
79 / 100
Very Walkable
57 / 100
Good Transit
63 / 100
Bikeable
Miami  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,080$1,022$1,249$2,340$6,101
Traditional$1,170$1,443$2,103$3,040$5,704
Miami, FL - Homes for Sale - Newly Listed
$529,000
MLS A11027643
16182 SW 79th Ter
Miami, FL 33193
Coral Gables
Single Family Residential
4 beds3 baths2,913 sq.ft.
CAP RATE
Trad. 2.64%Airbnb 4.60%
$689,900
MLS A11027761
1100 Biscayne Blvd #3704
Miami, FL 33132
Miami Islands
Condo/Coop
2 beds3 baths1,477 sq.ft.
CAP RATE
Trad. 2.23%Airbnb -1.41%
$245,000
MLS A11027155
22350 SW 103rd Ct
Miami, FL 33190
South-West Coconut Grove
Townhouse
3 beds3 baths1,458 sq.ft.
CAP RATE
Trad. 5.96%Airbnb 7.92%
$1,232,000
MLS A11027841
851 NE 1 AVE #2307
Miami, FL 33132
Downtown Miami
Condo/Coop
3 beds3 baths0 sq.ft.
CAP RATE
Trad. 0.69%Airbnb -1.96%
Top Performing Miami Properties
$297,777
MLS A11024267
6315 SW 138th Ct #63153
Miami, FL 33183
Coral Gables
Condo/Coop
3 beds3 baths1,165 sq.ft.
CAP RATE
Trad. 4.67%Airbnb 8.00%
$260,000
MLS A11021196
6639 SW 116th Pl #F1
Miami, FL 33173
Coral Gables
Condo/Coop
3 beds2 baths1,550 sq.ft.
CAP RATE
Trad. 4.17%Airbnb 7.98%
$930,000
MLS A11022910
4217 Anne Ct
Miami, FL 33133
South-West Coconut Grove
Single Family Residential
4 beds3 baths2,106 sq.ft.
CAP RATE
Trad. 0.80%Airbnb 7.93%
$245,000
MLS A10974513
13290 SW 88th Ln #A105
Miami, FL 33186
South-West Coconut Grove
Condo/Coop
3 beds2 baths1,143 sq.ft.
CAP RATE
Trad. 5.98%Airbnb 7.93%
Recently Sold Homes in Miami, FL
$0
MLS
240NW148TH ST
Miami, FL 33168
Little Haiti
Single Family Residential
5 beds2 baths1,995 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$0
MLS
7629NW181 TERRACE
Miami, FL 33015
Liberty City
Condo/Coop
3 beds2 baths1,190 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$0
MLS
4111 SW 99TH AVE
Miami, FL 33165
Coral Gables
Single Family Residential
3 beds2 baths1,904 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$975,000
MLS F10279855
131 NE 22nd St
Miami, FL 33137
Wynwood - Edgewater
Multi Family
0 beds0 baths2,400 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Miami Housing Market

The Miami real estate market has witnessed a strong real estate appreciation in recent years. According to NeighborhoodScout, since Q1 of 2000, Miami property values have increased by 174.56%, which brings an average annual appreciation rate of 5.39%. Zillow reported a 2% increase in home values over the past year, meaning Miami homes continue to enjoy appreciation. 

The Miami housing market is currently a buyer’s market, meaning there are many more available houses for sale than buyers seeking to purchase properties. This is the ideal time for those considering to buy an investment property, since they are able to choose a great home from a larger inventory and buy it at a lower cost.

Miami, FL Top Multi Family Homes
$220,000
MLS A10673902
133 NW 69 ST
Miami, FL 33150
Little Haiti
Multi Family
0 beds0 baths1,273 sq.ft.
CAP RATE
Trad. 6.37%Airbnb N/A
$229,000
MLS A10467870
1911 NW 22nd Ave
Miami, FL 33125
Allapattah
Multi Family
0 beds0 baths1,420 sq.ft.
CAP RATE
Trad. 6.07%Airbnb N/A
$299,000
MLS A10955926
1624 NW 32nd St
Miami, FL 33142
Allapattah
Multi Family
0 beds0 baths1,566 sq.ft.
CAP RATE
Trad. 5.57%Airbnb N/A
$300,000
MLS A10949530
140 NW 71st St
Miami, FL 33150
Little Haiti
Multi Family
0 beds0 baths1,489 sq.ft.
CAP RATE
Trad. 4.53%Airbnb N/A
Homes Below Median Price in the Miami, FL Real Estate Market
$297,777
MLS A11024267
6315 SW 138th Ct #63153
Miami, FL 33183
Coral Gables
Condo/Coop
3 beds3 baths1,165 sq.ft.
CAP RATE
Trad. 4.67%Airbnb 8.00%
$260,000
MLS A11021196
6639 SW 116th Pl #F1
Miami, FL 33173
Coral Gables
Condo/Coop
3 beds2 baths1,550 sq.ft.
CAP RATE
Trad. 4.17%Airbnb 7.98%
$930,000
MLS A11022910
4217 Anne Ct
Miami, FL 33133
South-West Coconut Grove
Single Family Residential
4 beds3 baths2,106 sq.ft.
CAP RATE
Trad. 0.80%Airbnb 7.93%
$245,000
MLS A10974513
13290 SW 88th Ln #A105
Miami, FL 33186
South-West Coconut Grove
Condo/Coop
3 beds2 baths1,143 sq.ft.
CAP RATE
Trad. 5.98%Airbnb 7.93%
Miami Airbnb Growth and Regulations

With tourists visiting in record-breaking numbers, Miami is one of the best cities for Airbnb investment. The Miami-Dade County had the highest Airbnb revenue in Florida in 2018, growing much faster than the year before. With 954,000 guest arrivals, Airbnb hosts in Miami-Dade earned a total of $204 million, which is an increase of 52% from 2017. This Airbnb growth is expected to continue in the coming years.

In order to legally operate a short-term rental in Miami, the first thing a property owner must do is check if their listing is located in a legally permissible zone. The rental property must comply with the city’s zoning requirements and use definitions as found in the Miami 21 Zoning Code. In fact, Airbnb rentals are prohibited in all single-family homes and in many multi-family housing buildings in certain zoning districts of the city, especially in residential areas. A vacation rental property must also comply with the Building and Housing Standards set by the city. 

It is important to keep in mind that non-owner occupied Airbnb rentals are illegal in most zones. Airbnb Miami hosts must either be on-site, or rent the property out only if they live there for more than 6 months per calendar year. 

Prior to listing and advertising the investment property on a vacation rental platform, Airbnb Miami hosts must obtain a Business License, as well as a Certificate of Use so that a property inspection can be scheduled. The cost is $136.17 for the certificate and inspection. All Miami rental properties being rented out for a period of 6 months or less are subject to short-term rental taxes, including tourist and state taxes.

If a residential unit or building is found to be operating as a short-term rental illegally, guests will be evicted and the owner will face fines.

Miami, FL Top Airbnb Homes
$56 per night
$61 per night
Entire home/apt · 2 beds
Close to everything! (No cleaning fee)
657
$98 per night
$53 per night
Miami, FL Homes for Rent
$2,400
MLS A11027353
4436 SW 163rd Psge
Miami, FL
Flagami
Townhouse
3 beds2 baths0 sq.ft.
$1,950
MLS A11025135
13060 SW 64th Ter #1202
Miami, FL
Coral Gables
Apartment
3 beds2 baths0 sq.ft.
$1,300
MLS A11027454
$5,000
MLS A11027400
68 SE 6th St #2107
Miami, FL
Brickell
Apartment
2 beds3 baths0 sq.ft.
Miami, FL Open Houses
Open 11 AM to 2 PM
$560,000
MLS A11027444
1172 SW 85th Ave
Miami, FL 33144
Flagami
Single Family Residential
4 beds3 baths2,647 sq.ft.
CAP RATE
Trad. 3.15%Airbnb 3.40%
Open 10 AM to 1 PM
$449,900
MLS A11027817
15275 SW 169th Lane
Miami, FL 33187
South-West Coconut Grove
Single Family Residential
3 beds2 baths0 sq.ft.
CAP RATE
Trad. 3.39%Airbnb 4.45%
Open 11 AM to 2 PM
$2,975,000
MLS A11025609
4141 La Playa Blvd
Miami, FL 33133
South-West Coconut Grove
Single Family Residential
3 beds4 baths4,320 sq.ft.
CAP RATE
Trad. -0.68%Airbnb -0.52%
Open 12 PM to 3 PM
$2,849,000
MLS A11026397
3798 Matheson Ave
Miami, FL 33133
South-West Coconut Grove
Single Family Residential
4 beds5 baths5,116 sq.ft.
CAP RATE
Trad. -0.63%Airbnb 1.70%
Best Miami Neighborhoods for Buying Investment Property
60%
Mashmeter
property price
$2,200,000
Median
cap rate
1.50%
Traditional
2.38%
Airbnb
rental income
$2,755
Traditional
$4,361
Airbnb
homes for sale
1
occupancy rate
55%
Airbnb
69%
Mashmeter
property price
$539,000
Median
cap rate
8.45%
Traditional
5.58%
Airbnb
rental income
$3,796
Traditional
$2,505
Airbnb
homes for sale
337
occupancy rate
37%
Airbnb
70%
Mashmeter
property price
$547,000
Median
cap rate
16.70%
Traditional
5.36%
Airbnb
rental income
$7,614
Traditional
$2,444
Airbnb
homes for sale
184
occupancy rate
40%
Airbnb
68%
Mashmeter
property price
$532,000
Median
cap rate
14.89%
Traditional
9.83%
Airbnb
rental income
$6,603
Traditional
$4,358
Airbnb
homes for sale
47
occupancy rate
51%
Airbnb
58%
Mashmeter
property price
$1,590,000
Median
cap rate
2.69%
Traditional
2.09%
Airbnb
rental income
$3,570
Traditional
$2,772
Airbnb
homes for sale
5
occupancy rate
38%
Airbnb