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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 Sale4,817
Airbnb Properties1,431
Rental Properties6,005
Traditional Vacancy rate8.10%
Airbnb Occupancy Rate54.18%
Mashmeter63.38%
Median Price$546,138
Median Rent Price$2,572
Price/sqft$326
Median Days on Market169
Price to Rent Ratio19.8
Average Cap Rate
Airbnb2.73%
Traditional1.00%
Average Rental Income
Airbnb$3,361
Traditional$2,298
 
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$1,841$1,498$2,161$2,826$4,754
Traditional$1,480$1,370$1,976$3,631$3,651
Miami, FL - Homes for Sale - Newly Listed
Investment Properties for Sale
$234,900
MLS RX-10578147
900 SW 8 Street #1403
Miami, FL 33130
Little Havana
Condo/Coop
2 beds2 baths891 sq.ft.
CAP RATE
Trad. -0.83%Airbnb -0.66%
Investment Properties for Sale
$700,000
MLS A10772962
790 NE 77th Ter
Miami, FL 33138
North Bayfront
Single Family Residential
3 beds2 baths1,879 sq.ft.
CAP RATE
Trad. 0.77%Airbnb 1.27%
Investment Properties for Sale
$1,249,000
MLS A10772598
8190 SW 69 Ter
Miami, FL 33143
South-West Coconut Grove
Single Family Residential
4 beds3 baths3,449 sq.ft.
CAP RATE
Trad. -0.08%Airbnb 2.99%
Investment Properties for Sale
$174,000
MLS A10772740
7473 SW 82nd St #A314
Miami, FL 33143
South-West Coconut Grove
Condo/Coop
1 beds1 baths743 sq.ft.
CAP RATE
Trad. 0.37%Airbnb 3.54%
Top Performing Miami Properties
Investment Properties for Sale
$595,000
MLS A10730580
13721 SW 108th St
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
4 beds3 baths0 sq.ft.
CAP RATE
Trad. 1.63%Airbnb 7.97%
Investment Properties for Sale
$450,000
MLS A10758402
13954 SW 104th Ter
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,842 sq.ft.
CAP RATE
Trad. 0.74%Airbnb 7.94%
Investment Properties for Sale
$499,999
MLS A10643838
10960 SW 115th St
Miami, FL 33176
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,567 sq.ft.
CAP RATE
Trad. 1.20%Airbnb 7.89%
Investment Properties for Sale
$179,900
MLS A10756119
20905 NE 8th Ct #203-36
Miami, FL 33179
North Bayfront
Condo/Coop
3 beds2 baths1,266 sq.ft.
CAP RATE
Trad. 5.94%Airbnb 7.89%
Recently Sold Homes in Miami, FL
Investment Properties for Sale
$715,000
MLS A10710700
1550 NW 85th St
Miami, FL 33147
Liberty City
Multi Family
0 beds0 baths3,282 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$699,500
MLS A10759479
200 SW 19th Ave
Miami, FL 33135
Little Havana
Multi Family
0 beds0 baths2,673 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$699,500
MLS A10756990
329 SW 9th Ave
Miami, FL 33130
Little Havana
Multi Family
0 beds0 baths2,584 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$699,900
MLS A10677389
603 SW 11th Ave
Miami, FL 33130
Little Havana
Multi Family
0 beds0 baths2,096 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
$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
$88,000
MLS H10676103
270 NE 191st St #109
Miami, FL 33179
North Bayfront
Multi Family
2 beds2 baths920 sq.ft.
CAP RATE
Trad. 5.57%Airbnb N/A
Investment Properties for Sale
$195,000
MLS A10754137
874 NW 70th St
Miami, FL 33150
Liberty City
Multi Family
0 beds0 baths2,886 sq.ft.
CAP RATE
Trad. 5.37%Airbnb N/A
Investment Properties for Sale
$180,500
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. 5.21%Airbnb N/A
Homes Below Median Price in the Miami, FL Real Estate Market
Investment Properties for Sale
$595,000
MLS A10730580
13721 SW 108th St
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
4 beds3 baths0 sq.ft.
CAP RATE
Trad. 1.63%Airbnb 7.97%
Investment Properties for Sale
$450,000
MLS A10758402
13954 SW 104th Ter
Miami, FL 33186
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,842 sq.ft.
CAP RATE
Trad. 0.74%Airbnb 7.94%
Investment Properties for Sale
$499,999
MLS A10643838
10960 SW 115th St
Miami, FL 33176
South-West Coconut Grove
Single Family Residential
3 beds2 baths2,567 sq.ft.
CAP RATE
Trad. 1.20%Airbnb 7.89%
Investment Properties for Sale
$179,900
MLS A10756119
20905 NE 8th Ct #203-36
Miami, FL 33179
North Bayfront
Condo/Coop
3 beds2 baths1,266 sq.ft.
CAP RATE
Trad. 5.94%Airbnb 7.89%
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
$66 per night
Entire home/apt · 2 beds
5 minutes from Miami Airport!
762
Miami Airbnb
$71 per night
Entire home/apt · 2 beds
Few blocks from Miami airport!
646
Miami Airbnb
$71 per night
Entire home/apt · 2 beds
Close to everything!
532
Miami Airbnb
$59 per night
Miami, FL Homes for Rent
Investment Properties for Sale
$1,100
MLS RX-10578051
Investment Properties for Sale
$1,300
MLS RX-10578045
Investment Properties for Sale
$1,220
MLS RX-10578033
Investment Properties for Sale
$1,220
MLS RX-10578023
Miami, FL Open Houses
Investment Properties for Sale
Open 1 PM to 4 PM
$700,000
MLS A10772962
790 NE 77th Ter
Miami, FL 33138
North Bayfront
Single Family Residential
3 beds2 baths1,879 sq.ft.
CAP RATE
Trad. 0.77%Airbnb 1.27%
Investment Properties for Sale
Open 2 PM to 4 PM
$399,000
MLS A10772430
870 NE 191 ST
Miami, FL 33179
North Bayfront
Single Family Residential
3 beds3 baths2,515 sq.ft.
CAP RATE
Trad. -0.36%Airbnb 0.52%
Investment Properties for Sale
Open 12:30 PM to 3 PM
$225,000
MLS A10771955
6609 SW 116th Pl #D4
Miami, FL 33173
Coral Gables
Condo/Coop
2 beds3 baths1,390 sq.ft.
CAP RATE
Trad. -0.26%Airbnb -0.69%
Investment Properties for Sale
Open 1 PM to 3 PM
$470,000
MLS A10771107
15160 SW 10th St
Miami, FL 33194
Flagami
Single Family Residential
4 beds3 baths2,898 sq.ft.
CAP RATE
Trad. 1.88%Airbnb 3.69%
Best Miami Neighborhoods for Buying Investment Property
68%
Mashmeter
property price
$548,000
Median
cap rate
8.12%
Traditional
6.92%
Airbnb
rental income
$3,709
Traditional
$3,160
Airbnb
homes for sale
455
occupancy rate
67%
Airbnb
68%
Mashmeter
property price
$499,500
Median
cap rate
6.10%
Traditional
7.10%
Airbnb
rental income
$2,539
Traditional
$2,955
Airbnb
homes for sale
91
occupancy rate
49%
Airbnb
86%
Mashmeter
property price
$530,000
Median
cap rate
9.10%
Traditional
9.01%
Airbnb
rental income
$4,021
Traditional
$3,978
Airbnb
homes for sale
920
occupancy rate
58%
Airbnb
66%
Mashmeter
property price
$535,000
Median
cap rate
4.63%
Traditional
6.11%
Airbnb
rental income
$2,065
Traditional
$2,725
Airbnb
homes for sale
39
occupancy rate
50%
Airbnb
59%
Mashmeter
property price
$1,280,000
Median
cap rate
2.85%
Traditional
3.54%
Airbnb
rental income
$3,041
Traditional
$3,771
Airbnb
homes for sale
4
occupancy rate
54%
Airbnb