Miami-Dade County Home Prices & Values

$222,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 18.0% 1-year change
  • 6.4% 1-year forecast

The median home value in Miami-Dade County is $222,500. Miami-Dade County home values have gone up 18.0% over the past year and Zillow predicts they will rise 6.4% within the next year. The median list price per square foot in Miami-Dade County is $189, which is higher than the Miami-Fort Lauderdale Metro average of $159. The median price of homes currently listed in Miami-Dade County is $274,550 while the median price of homes that sold is $245,650. The median rent price in Miami-Dade County is $2,000, which is higher than the Miami-Fort Lauderdale Metro median of $1,800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Miami-Dade County is 20.1%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Miami-Dade County homeowners underwater on their mortgage is 27.9%, which is higher than Miami-Fort Lauderdale Metro at 24.9%.

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Relative ZHVI
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Miami-Dade County Market Overview

Data through Jun 30, 2014
  • $222,500 ZHVI
  • 6.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $274,550 Median listing price
  • $245,650 Median sale price
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Miami-Dade County Market Health

Data through Jun 30, 2014
  • 7.0/10 Healthy What's This?  
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    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.

  • 121 Average of days on Zillow (May 31, 2014)
  • 27.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 20.1% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Cities in Miami-Dade County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Country Walk $266,300 Three Lakes $236,900 Richmond West $234,200
The Hammocks $230,500 The Crossings $203,100 Kendale Lakes $159,700
Kendall West $138,000 Naranja $122,600 Leisure City $98,100

Listings & Sales

Data through Jun 30, 2014
  • $189 Median list price / sq ft
  • $165 Median sale price / sq ft
  • 21.2% Listings with price cut
17.9%
Sold below listing
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Miami-Dade County Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,822 Miami-Dade County
$1,749 Miami-Fort Lauderdale Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,000 Rent list price
  • $1.70 Rent list price / sq ft
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