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

$225,900

  • 17.0% 1-year change
  • 4.0% 1-year forecast

The median home value in Miami-Dade County is $225,900. Miami-Dade County home values have gone up 17.0% over the past year and Zillow predicts they will rise 4.0% within the next year. The median list price per square foot in Miami-Dade County is $188, which is higher than the Miami-Fort Lauderdale Metro average of $159. The median price of homes currently listed in Miami-Dade County is $274,900 while the median price of homes that sold is $248,050. 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 19.0%, which is higher than the national value of 6.9%. 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 24.4%, which is higher than Miami-Fort Lauderdale Metro at 21.9%.

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Relative ZHVI
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Miami-Dade County Market Overview

Data through Aug 31, 2014
  • $225,900 ZHVI
  • 4.0% 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
    (Aug 31, 2015)
  • $274,900 Median listing price
  • $248,050 Median sale price
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Miami-Dade County Market Health

Data through Aug 31, 2014
  • 3.9/10 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 recent data Average days on Zillow
  • 24.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 19.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Miami-Dade County

Name Median ZHVI
Country Walk $270,100
Three Lakes $240,300
Richmond West $239,900
Name Median ZHVI
The Hammocks $234,800
The Crossings $214,800
Kendale Lakes $163,400
Name Median ZHVI
Kendall West $145,200
Naranja $126,400
Leisure City $101,000

Listings & Sales

Data through Aug 31, 2014
  • $188 Median list price / sq ft
  • $163 Median sale price / sq ft
  • 26.1% Listings with price cut
18.2%
Sold below listing
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Miami-Dade County Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,838 Miami-Dade County
    $1,769 Miami-Fort Lauderdale Metro
    $1,328 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)
  • $2,000 Rent list price
  • $1.75 Rent list price / sq ft
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