Miami-Dade County · Incorporated city
Miami
A dynamic coastal city with distinctive neighborhoods and housing that ranges from urban condominiums to waterfront residences.
Local perspective
Living in Miami
Miami is a large, varied city made up of distinct neighborhoods with very different housing, access, and price patterns. The market spans high-rise condominiums, historic homes, new townhomes, and waterfront properties.
What buyers should know
- Neighborhood-level comparisons are more useful than citywide averages.
- Condominium buyers should review budgets, reserves, insurance, inspections, and pending assessments.
Population
489,812
July 2025 estimate; +10.8% since 2020
Median sale price
$650K
Three months ending August 2026
Annual price change
+2.3%
Year over year
Median market time
116 days
Up from 100 days one year earlier
Data context: A citywide statistic is only a starting point. Building reserves and assessments matter for condominiums, while flood zone, elevation, age, roof, and insurance history are central checks for many single-family properties.
Market trends
A current market snapshot.
Data as of Three months ending August 2026
Miami’s blended median increased modestly while market time lengthened and transaction volume rose.
Results differ sharply by neighborhood and property type. Condominium age, reserves, assessments, and building requirements can materially affect price and carrying cost.
Market data changes frequently and reflects recent closed sales—not a valuation or forecast. Ana and Mike can provide a property-specific review using current comparable sales.
Public schools
Address-specific information.
Miami-Dade County Public Schools serves this area. These nearby schools are examples, not a guarantee of assignment:
- Miami contains many elementary, middle, and high school attendance zones.
- Magnet and choice programs may use applications separate from address-based assignment.
Attendance boundaries and programs can change. Verify every property by exact address with the district.
Open the official school locatorBuyer checklist
Details worth checking.
- Metrorail, Metromover, Brightline, and major highways offer different access by neighborhood.
- Flood and wind exposure should be checked for every property, including inland addresses.
Sources and methodology
Population and market figures use the dates shown above. Different providers use different boundaries, time windows, and property mixes, so figures should not be compared without their source and date.
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Homes in Miami
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A thoughtful first step
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