Home Values

Miami Beach 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

$392,700

  • 9.1% 1-year change
  • 1.3% 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 city relative to other cities in the same metropolitan area. A particular city 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 Miami Beach is $392,700. Miami Beach home values have gone up 9.1% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in Miami Beach is None. The median rent price in Miami Beach is $2,400, which is higher than the Miami-Fort Lauderdale Metro median of $1,895.

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 Beach is 8.2%, which is higher than the national value of 6.0%. 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 Beach homeowners underwater on their mortgage is 12.8%, which is lower than Miami-Fort Lauderdale Metro at 17.4%.

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Relative ZHVI
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Miami Beach Market Overview

Data through May 31, 2015
  • $392,700 ZHVI
  • 1.3% 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
    (May 31, 2016)
  • No data Median listing price
  • $363,700 Median sale price
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Miami Beach Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 12.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 8.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Neighborhoods in Miami Beach

Name Median ZHVI
La Gorce $1,498,000
Nautilus $714,300
Belle Isle $571,300
Name Median ZHVI
Bayshore $487,200
Oceanfront $384,000
City Center $290,400
Name Median ZHVI
Flamingo Lummus $265,000
North Shore $240,100
Isle of Normandy $200,400

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $400 Median sale price / sq ft
  • No data Listings with price cut
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Miami Beach Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,356 Miami Beach
    $1,802 Miami-Fort Lauderdale Metro
    $1,367 United States

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

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $2,400 Rent list price
  • $2.88 Rent list price / sq ft
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