Home Values

Downtown Miami Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$408,300

  • -1.0% 1-year change
  • -3.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Downtown Miami is $408,300. Downtown Miami home values have declined -1.0% over the past year and Zillow predicts they will fall -3.3% within the next year. The median list price per square foot in Downtown Miami is $440, which is higher than the Miami average of $398. The median price of homes currently listed in Downtown Miami is $445,000 while the median price of homes that sold is $373,800. The median rent price in Downtown Miami is $2,300, which is higher than the Miami median of $2,150.

Relative ZHVI
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Downtown Miami Market Overview

Data through Feb 28, 2015
  • $408,300 ZHVI
  • -3.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $445,000 Median listing price
  • $373,800 Median sale price
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Downtown Miami Market Health

Data through Feb 28, 2015
  • 0.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Neighborhoods

Name Median ZHVI
Brickell $406,900
Wynwood - Edgewater $319,000
Shenandoah $303,700
Name Median ZHVI
Overtown $141,100
Little Havana $120,900
Allapattah $91,800

Listings & Sales

Data through Feb 28, 2015
  • $440 Median list price / sq ft
  • $378 Median sale price / sq ft
  • 10.7% Listings with price cut
14.5%
Sold below listing
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Downtown Miami Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,452 Downtown Miami
    $2,000 Miami
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,300 Rent list price
  • $2.47 Rent list price / sq ft
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