Miami Housing market
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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
4,698
Airbnb Properties
1,016
Rental Properties
13,973
Traditional Vacancy rate
8.10%
Airbnb Occupancy Rate
56.29%
Mashmeter
64.33%
Median Price
$532,802
Median Rent Price
$2,635
Price/sqft
$320
Median Days on Market
175
Price to Rent Ratio
19.3
Average Cap Rate
Airbnb
3.28%
Traditional
1.14%
Average Rental Income
Airbnb
$3,591
Traditional
$2,307
 
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$1,881$1,611$2,377$3,388$4,363
Traditional$1,491$1,407$2,563$3,514$3,638
Miami, FL - Homes for Sale - Newly Listed
Investment Properties for Sale
$229,500
MLS A10728997
3000 Coral Way #405
Miami, FL 33145
Douglas Park
Condo/Coop
1 beds1 baths786 sq.ft.
CAP RATE
Trad. -1.00%Airbnb -2.22%
Investment Properties for Sale
$541,900
MLS A10740092
10341 NW 10th St
Miami, FL 33172
Flagami
Single Family Residential
4 beds4 baths3,720 sq.ft.
CAP RATE
Trad. 0.23%Airbnb 1.70%
Investment Properties for Sale
$549,900
MLS A10740051
2011 SW 142nd Ct
Miami, FL 33175
Flagami
Single Family Residential
4 beds3 baths2,787 sq.ft.
CAP RATE
Trad. 2.04%Airbnb 3.49%
Investment Properties for Sale
$1,787,000
MLS A10739558
601 NE 27th St #1905
Miami, FL 33137
Wynwood - Edgewater
Condo/Coop
3 beds2 baths1,442 sq.ft.
CAP RATE
Trad. -0.08%Airbnb -0.41%
Top Performing Miami Properties
Investment Properties for Sale
$198,500
MLS A10729487
14203 SW 66th St #503
Miami, FL 33183
Coral Gables
Condo/Coop
2 beds2 baths1,200 sq.ft.
CAP RATE
Trad. 4.27%Airbnb 7.99%
Investment Properties for Sale
$395,000
MLS A10716214
14238 SW 90th Ter
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,670 sq.ft.
CAP RATE
Trad. 1.91%Airbnb 7.96%
Investment Properties for Sale
$389,000
MLS A10729096
10038 SW 145th ct
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,095 sq.ft.
CAP RATE
Trad. 1.75%Airbnb 7.96%
Investment Properties for Sale
$649,000
MLS A10645875
18900 SW 128th Ave
Miami, FL 33177
South-West Coconut Grove
Single Family Residential
4 beds3 baths3,541 sq.ft.
CAP RATE
Trad. 1.25%Airbnb 7.96%
Recently Sold Homes in Miami, FL
Investment Properties for Sale
$850,000
MLS A10660726
211 SW 10th Ave
Miami, FL 33130
Little Havana
Multi Family
0 beds0 baths3,540 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$289,000
MLS A10708854
1102 NW 111 St
Miami, FL 33168
Little Haiti
Multi Family
0 beds0 baths1,841 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$770,000
MLS A10655066
2368 SW 26th St
Miami, FL 33133
Douglas Park
Multi Family
0 beds0 baths3,255 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$1,600,000
MLS A10641680
1728 NW 15th St
Miami, FL 33125
Grapeland
Multi Family
0 beds0 baths4,932 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
Investment Properties for Sale
$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
Investment Properties for Sale
$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
Investment Properties for Sale
$175,900
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. 5.38%Airbnb N/A
Investment Properties for Sale
$200,000
MLS A10729720
171 NW 70th St
Miami, FL 33150
Little Haiti
Multi Family
0 beds0 baths1,828 sq.ft.
CAP RATE
Trad. 4.87%Airbnb N/A
Homes Below Median Price in the Miami, FL Real Estate Market
Investment Properties for Sale
$198,500
MLS A10729487
14203 SW 66th St #503
Miami, FL 33183
Coral Gables
Condo/Coop
2 beds2 baths1,200 sq.ft.
CAP RATE
Trad. 4.27%Airbnb 7.99%
Investment Properties for Sale
$395,000
MLS A10716214
14238 SW 90th Ter
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,670 sq.ft.
CAP RATE
Trad. 1.91%Airbnb 7.96%
Investment Properties for Sale
$389,000
MLS A10729096
10038 SW 145th ct
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,095 sq.ft.
CAP RATE
Trad. 1.75%Airbnb 7.96%
Investment Properties for Sale
$649,000
MLS A10645875
18900 SW 128th Ave
Miami, FL 33177
South-West Coconut Grove
Single Family Residential
4 beds3 baths3,541 sq.ft.
CAP RATE
Trad. 1.25%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
Miami Airbnb
$68 per night
Entire home/apt · 2 beds
5 minutes from Miami Airport!
758
Miami Airbnb
$73 per night
Entire home/apt · 2 beds
4 minutes from Miami airport!
612
Miami Airbnb
$72 per night
Entire home/apt · 2 beds
Close to everything!
513
Miami Airbnb
$60 per night
Miami, FL Homes for Rent
Investment Properties for Sale
$4,100
MLS F10193843
1627 Brickell Ave #2504
Miami, FL
Brickell
Apartment
3 beds3 baths1,732 sq.ft.
Investment Properties for Sale
$1,500
MLS A10740094
Investment Properties for Sale
$2,400
MLS A10739241
999 Brickell Bay Dr #902
Miami, FL
Brickell
Apartment
2 beds2 baths0 sq.ft.
Investment Properties for Sale
$2,700
MLS A10740173
341 SW 31st Rd #0
Miami, FL
Shenandoah
Single Family
2 beds1 baths0 sq.ft.
Miami, FL Open Houses
Investment Properties for Sale
Open 10 AM to 2 PM
$379,000
MLS A10738274
290 NW 108th Ter
Miami, FL 33168
Little Haiti
Single Family Residential
4 beds2 baths1,568 sq.ft.
CAP RATE
Trad. 2.44%Airbnb 4.09%
Investment Properties for Sale
Open 1 PM to 4 PM
$899,000
MLS A10738397
704 NE 72nd St
Miami, FL 33138
North Bayfront
Single Family Residential
4 beds3 baths2,926 sq.ft.
CAP RATE
Trad. 0.77%Airbnb 1.33%
Investment Properties for Sale
Open 12 PM to 3 PM
$399,000
MLS A10737593
11120 SW 37th ST
Miami, FL 33165
Flagami
Single Family Residential
3 beds2 baths2,182 sq.ft.
CAP RATE
Trad. 2.29%Airbnb 5.07%
Investment Properties for Sale
Open 2 PM to 4 PM
$415,000
MLS A10736097
1635 SW 13th St
Miami, FL 33145
Shenandoah
Single Family Residential
3 beds2 baths1,578 sq.ft.
CAP RATE
Trad. 3.11%Airbnb 3.90%
Best Miami Neighborhoods for Buying Investment Property
69%
Mashmeter
property price
$549,900
Median
cap rate
8.03%
Traditional
6.10%
Airbnb
rental income
$3,682
Traditional
$2,796
Airbnb
homes for sale
449
occupancy rate
65%
Airbnb
74%
Mashmeter
property price
$289,000
Median
cap rate
9.29%
Traditional
12.71%
Airbnb
rental income
$2,238
Traditional
$3,061
Airbnb
homes for sale
330
occupancy rate
54%
Airbnb
69%
Mashmeter
property price
$525,000
Median
cap rate
10.50%
Traditional
6.16%
Airbnb
rental income
$4,595
Traditional
$2,695
Airbnb
homes for sale
197
occupancy rate
61%
Airbnb
65%
Mashmeter
property price
$1,280,000
Median
cap rate
3.48%
Traditional
4.08%
Airbnb
rental income
$3,708
Traditional
$4,356
Airbnb
homes for sale
3
occupancy rate
51%
Airbnb
53%
Mashmeter
property price
$515,000
Median
cap rate
10.83%
Traditional
10.63%
Airbnb
rental income
$4,647
Traditional
$4,564
Airbnb
homes for sale
909
occupancy rate
67%
Airbnb
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