Home Values

Miami-Fort Lauderdale Metro 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

$212,500

  • 11.7% 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 metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Miami-Fort Lauderdale Metro is $212,500. Miami-Fort Lauderdale Metro home values have gone up 11.7% 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-Fort Lauderdale Metro is $168, which is higher than the Florida average of $126. The median price of homes currently listed in Miami-Fort Lauderdale Metro is $270,000 while the median price of homes that sold is $214,850. The median rent price in Miami-Fort Lauderdale Metro is $1,800, which is higher than the Florida median of $1,400.

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-Fort Lauderdale Metro is 14.0%, 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-Fort Lauderdale Metro homeowners underwater on their mortgage is 19.0%, which is lower than Florida at 20.8%.

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Relative ZHVI
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Miami-Fort Lauderdale Metro Market Overview

Data through Feb 28, 2015
  • $212,500 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
    (Feb 29, 2016)
  • $270,000 Median listing price
  • $214,850 Median sale price
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Miami-Fort Lauderdale Metro Market Health

Data through Feb 28, 2015
  • 3.6/10 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 data Average days on Zillow
  • 19.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 14.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Cities in Miami-Fort Lauderdale Metro

Name Median ZHVI
Coral Springs $271,500
Miami $271,200
Fort Lauderdale $257,400
Name Median ZHVI
Boca Raton $253,500
Pembroke Pines $214,900
Miramar $195,000
Name Median ZHVI
Hollywood $180,400
Boynton Beach $169,500
Hialeah $146,300

Listings & Sales

Data through Feb 28, 2015
  • $168 Median list price / sq ft
  • $143 Median sale price / sq ft
  • 14.0% Listings with price cut
19.5%
Sold below listing
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Miami-Fort Lauderdale Metro Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,782 Miami-Fort Lauderdale Metro
    $1,436 Florida
    $1,355 United States

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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,800 Rent list price
  • $1.43 Rent list price / sq ft
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