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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 Sale
4,868
Airbnb Properties
1,648
Rental Properties
13,168
Traditional Vacancy rate
8.10%
Airbnb Occupancy Rate
57.30%
Mashmeter
63.61%
Median Price
$524,255
Median Rent Price
$2,610
Price/sqft
$312
Median Days on Market
167
Price to Rent Ratio
18.7
Average Cap Rate
Airbnb
2.80%
Traditional
1.29%
Average Rental Income
Airbnb
$3,255
Traditional
$2,339
 
Median Household Income
$54,284
Population
463,347
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$1,864$1,701$2,386$3,247$4,696
Traditional$1,530$1,405$2,604$3,518$3,868
Miami, FL - Homes for Sale - Newly Listed
$185,000
MLS A10706299
816 NW 87th Ave #404
Miami, FL 33172
Flagami
Condo/Coop
2 beds2 baths1,026 sq.ft.
CAP RATE
Trad. 3.48%Airbnb 4.91%
$320,000
MLS A10711237
7065 SW 164th Ct #7065
Miami, FL 33193
Coral Gables
Townhouse
3 beds3 baths2,038 sq.ft.
CAP RATE
Trad. 2.19%Airbnb 3.85%
$260,000
MLS A10711903
6514 SW 114th Ave
Miami, FL 33173
Coral Gables
Single Family Residential
3 beds2 baths1,378 sq.ft.
CAP RATE
Trad. 4.05%Airbnb 6.09%
$265,000
MLS A10711211
10012 NW 7th St #104
Miami, FL 33172
Flagami
Condo/Coop
3 beds3 baths1,491 sq.ft.
CAP RATE
Trad. 0.85%Airbnb 5.57%
Top Performing Miami Properties
$389,000
MLS A10659808
3330 SW 9th St
Miami, FL 33135
Alameda - West Flagler
Single Family Residential
4 beds2 baths1,901 sq.ft.
CAP RATE
Trad. 3.26%Airbnb 8.00%
$250,000
MLS A10651338
9340 Fontainebleau #502
Miami, FL 33172
Flagami
Condo/Coop
3 beds2 baths1,239 sq.ft.
CAP RATE
Trad. 2.96%Airbnb 7.97%
$315,000
MLS A10694401
10251 Fairway Heights Blvd
Miami, FL 33157
South-West Coconut Grove
Single Family Residential
3 beds2 baths1,654 sq.ft.
CAP RATE
Trad. 2.27%Airbnb 7.96%
$275,500
MLS A10662908
679 NW 124th Ct
Miami, FL 33182
Flagami
Single Family Residential
3 beds2 baths2,088 sq.ft.
CAP RATE
Trad. 3.41%Airbnb 7.96%
Recently Sold Homes in Miami, FL
$545,000
MLS A10705619
1037 NW 95th St
Miami, FL 33150
Liberty City
Multi Family
0 beds0 baths8,475 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$399,900
MLS A10657866
1620 NW 64th St
Miami, FL 33147
Liberty City
Multi Family
0 beds0 baths1,316 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$150,000
MLS A10646403
2979 NW 88th St
Miami, FL 33147
Liberty City
Multi Family
0 beds0 baths2,194 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$1,750,000
MLS A10657733
718 SW 11th Ave
Miami, FL 33130
Little Havana
Multi Family
0 beds0 baths5,702 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
$199,900
MLS A10578877
175 NE 63rd St
Miami, FL 33138
Little Haiti
Multi Family
0 beds0 baths1,472 sq.ft.
CAP RATE
Trad. 6.34%Airbnb N/A
$160,000
MLS A10629085
4009 NW 16th Ave
Miami, FL 33142
Allapattah
Multi Family
0 beds0 baths1,760 sq.ft.
CAP RATE
Trad. 6.12%Airbnb N/A
$160,000
MLS H10683867
467 NE 210th Cir Ter #201-16
Miami, FL 33179
North Bayfront
Multi Family
2 beds2 baths1,060 sq.ft.
CAP RATE
Trad. 5.50%Airbnb N/A
$178,900
MLS H10703871
471 NE 210th Cir Ter #102-14
Miami, FL 33179
North Bayfront
Multi Family
2 beds2 baths1,060 sq.ft.
CAP RATE
Trad. 5.27%Airbnb N/A
Homes Below Median Price in the Miami, FL Real Estate Market
$389,000
MLS A10659808
3330 SW 9th St
Miami, FL 33135
Alameda - West Flagler
Single Family Residential
4 beds2 baths1,901 sq.ft.
CAP RATE
Trad. 3.26%Airbnb 8.00%
$250,000
MLS A10651338
9340 Fontainebleau #502
Miami, FL 33172
Flagami
Condo/Coop
3 beds2 baths1,239 sq.ft.
CAP RATE
Trad. 2.96%Airbnb 7.97%
$315,000
MLS A10694401
10251 Fairway Heights Blvd
Miami, FL 33157
South-West Coconut Grove
Single Family Residential
3 beds2 baths1,654 sq.ft.
CAP RATE
Trad. 2.27%Airbnb 7.96%
$275,500
MLS A10662908
679 NW 124th Ct
Miami, FL 33182
Flagami
Single Family Residential
3 beds2 baths2,088 sq.ft.
CAP RATE
Trad. 3.41%Airbnb 7.96%
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
$68 per night
Entire home/apt · 2 beds
5 minutes from Miami Airport!
732
$73 per night
Entire home/apt · 2 beds
4 minutes from Miami airport!
586
$71 per night
Entire home/apt · 2 beds
Close to everything!
495
$60 per night
Miami, FL Homes for Rent
$2,450
MLS A10710497
186 SE 12th Ter #1702
Miami, FL
Brickell
Apartment
2 beds2 baths0 sq.ft.
$5,000
MLS A10710977
$2,650
MLS A10711531
45 SW 9th St #1804
Miami, FL
Shenandoah
Apartment
1 beds2 baths0 sq.ft.
$925
MLS A10711610
Miami, FL Open Houses
Open 1 PM to 4 PM
$450,000
MLS A10710953
9820 SW 55th St
Miami, FL 33165
Coral Gables
Single Family Residential
3 beds3 baths1,768 sq.ft.
CAP RATE
Trad. 1.56%Airbnb 2.74%
Open 12 PM to 4 PM
$579,900
MLS F10186028
2582 Lincoln Ave #2582
Miami, FL 33133
Douglas Park
Townhouse
2 beds3 baths1,600 sq.ft.
CAP RATE
Trad. 0.67%Airbnb 0.26%
Open 3:30 PM to 5:30 PM
$405,000
MLS A10710164
13360 SW 99th Ter
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,533 sq.ft.
CAP RATE
Trad. 1.83%Airbnb 6.24%
Open 2 PM to 4 PM
$319,000
MLS A10707441
11725 SW 117th Ct
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
2 beds2 baths1,581 sq.ft.
CAP RATE
Trad. 0.52%Airbnb 2.29%
Best Miami Neighborhoods for Buying Investment Property
87%
Mashmeter
property price
$515,000
Median
cap rate
10.79%
Traditional
9.98%
Airbnb
rental income
$4,629
Traditional
$4,283
Airbnb
homes for sale
889
occupancy rate
60%
Airbnb
68%
Mashmeter
property price
$550,000
Median
cap rate
8.08%
Traditional
6.15%
Airbnb
rental income
$3,703
Traditional
$2,819
Airbnb
homes for sale
476
occupancy rate
65%
Airbnb
74%
Mashmeter
property price
$519,000
Median
cap rate
5.71%
Traditional
6.54%
Airbnb
rental income
$2,470
Traditional
$2,829
Airbnb
homes for sale
91
occupancy rate
58%
Airbnb
67%
Mashmeter
property price
$549,500
Median
cap rate
10.01%
Traditional
6.68%
Airbnb
rental income
$4,584
Traditional
$3,057
Airbnb
homes for sale
180
occupancy rate
65%
Airbnb
71%
Mashmeter
property price
$550,000
Median
cap rate
4.65%
Traditional
5.49%
Airbnb
rental income
$2,133
Traditional
$2,515
Airbnb
homes for sale
36
occupancy rate
61%
Airbnb
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