Miami Springs Home Prices & Values

$323,800 Zillow Home Value Index What's This?  
Close

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

  • 19.1% 1-year change
  • 5.5% 1-year forecast

The median home value in Miami Springs is $323,800. Miami Springs home values have gone up 19.1% over the past year and Zillow predicts they will rise 5.5% within the next year. The median list price per square foot in Miami Springs is $208, which is higher than the Miami-Fort Lauderdale Metro average of $159. The median price of homes currently listed in Miami Springs is $329,000 while the median price of homes that sold is $282,647.

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 Springs is 20.0%, which is higher than the national value of 7.2%. 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 Springs homeowners underwater on their mortgage is 27.4%, which is higher than Miami-Fort Lauderdale Metro at 24.9%.

more
Relative ZHVI
- +

Miami Springs Market Overview

Data through Jun 30, 2014
  • $323,800 ZHVI
  • 5.5% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $329,000 Median listing price
  • $282,647 Median sale price (May 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Miami Springs Market Health

Data through Jun 30, 2014
  • 7.0/10 Healthy What's This?  
    Close

    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 of days on Zillow
  • 27.4% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 20.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Doral $303,100 West Miami $290,100 Coral Terrace $270,500
Virginia Gardens $241,500 Hialeah $152,300 Fountainbleau $132,300
West Little River $91,300 Gladeview $82,600 Brownsville $77,700

Listings & Sales

Data through Jun 30, 2014
  • $208 Median list price / sq ft
  • $176 Median sale price / sq ft (May 31, 2014)
  • 25.0% Listings with price cut
16.8%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Miami Springs Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,222 Miami Springs
$1,749 Miami-Fort Lauderdale Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading