Home Values

Miami-Dade County 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

$235,100

  • 9.5% 1-year change
  • 1.1% 1-year forecast

The median home value in Miami-Dade County is $235,100. Miami-Dade County home values have gone up 9.5% over the past year and Zillow predicts they will rise 1.1% within the next year. The median list price per square foot in Miami-Dade County is None. The median rent price in Miami-Dade County is $2,100, which is higher than the Miami-Fort Lauderdale Metro median of $1,850.

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 15.0%, which is higher than the national value of 6.3%. 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 21.0%, which is higher than Miami-Fort Lauderdale Metro at 19.0%.

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Relative ZHVI
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Miami-Dade County Market Overview

Data through Mar 31, 2015
  • $235,100 ZHVI
  • 1.1% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $252,000 Median sale price
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Miami-Dade County Market Health

Data through Mar 31, 2015
  • 4.3/10 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.
    (Feb 28, 2015)
  • 120 Average days on Zillow (Feb 28, 2015)
  • 21.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 15.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Cities in Miami-Dade County

Name Median ZHVI
Country Walk $255,300
Three Lakes $224,800
Richmond West $221,100
Name Median ZHVI
The Hammocks $213,000
The Crossings $197,800
Kendale Lakes $156,500
Name Median ZHVI
Kendall West $129,800
Princeton $128,900
Naranja $109,100

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $170 Median sale price / sq ft
  • No data Listings with price cut
15.9%
Sold below listing
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Miami-Dade County Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,875 Miami-Dade County
    $1,789 Miami-Fort Lauderdale Metro
    $1,362 United States

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

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,100 Rent list price
  • $1.91 Rent list price / sq ft
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