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

$241,700

  • 8.5% 1-year change
  • 0.4% 1-year forecast

The median home value in Miami-Dade County is $241,700. Miami-Dade County home values have gone up 8.5% over the past year and Zillow predicts they will rise 0.4% within the next year. The median rent price in Miami-Dade County is $2,300, which is higher than the Miami-Fort Lauderdale Metro median of $2,000.

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 13.4%, 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-Dade County homeowners underwater on their mortgage is 19.5%, which is higher than Miami-Fort Lauderdale Metro at 17.4%.

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Relative ZHVI
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Miami-Dade County Market Overview

Data through Jul 31, 2015
  • $241,700 ZHVI
  • 0.4% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $262,500 Median sale price
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Miami-Dade County Market Health

Data through Jul 31, 2015
  • 2.0/10 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.
  • 82 Average days on Zillow (Jun 30, 2015)
  • 19.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 13.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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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 Jul 31, 2015
  • No recent data Median list price / sq ft
  • $172 Median sale price / sq ft
  • No data Listings with price cut
14.7%
Sold below previous sale price
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Miami-Dade County Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,924 Miami-Dade County
    $1,815 Miami-Fort Lauderdale Metro
    $1,376 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,300 Rent list price
  • $2.07 Rent list price / sq ft
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