Housing & Real Estate — Miami, Florida
Overview
| Total Housing Units | 219,809 |
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| Occupied | 190,282 |
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| Vacant | 29,527 |
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| Owner-Occupied | 58,481 |
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| Renter-Occupied | 131,801 |
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| Median Home Value (Census) | $518,100 |
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| Estimated 2026 | ~$633,000 |
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| Median Rent | $1,657/mo |
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| Median Property Tax | $4,586/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | very expensive |
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| Rent as % of Income | 31.8% |
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| Severely Rent-Burdened | 53.2% |
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Housing Age
| Built 2010 or later | 43,067 |
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| Built 2000-2009 | 38,396 |
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| Built 1990-1999 | 12,249 |
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| Built before 1960 | 66,757 |
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| Median Year Built | 1976 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
