Home Values

Miami Springs 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

$342,800

  • 8.2% 1-year change
  • 1.8% 1-year forecast

The median home value in Miami Springs is $342,800. Miami Springs home values have gone up 8.2% over the past year and Zillow predicts they will rise 1.8% within the next year. The median rent price in Miami Springs is $2,450, which is higher than the Miami-Fort Lauderdale Metro median of $1,900.

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 8.0%, 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 Springs homeowners underwater on their mortgage is 17.9%, which is higher than Miami-Fort Lauderdale Metro at 17.4%.

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Relative ZHVI
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Miami Springs Market Overview

Data through Jun 30, 2015
  • $342,800 ZHVI
  • 1.8% 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
    (Jun 30, 2016)
  • No data Median listing price
  • $315,000 Median sale price (May 31, 2015)
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Miami Springs Market Health

Data through Jun 30, 2015
  • 4.8/10 Stable
    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
  • 17.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 8.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Doral $292,700
West Miami $270,800
Coral Terrace $262,000
Name Median ZHVI
Virginia Gardens $225,400
Hialeah $146,300
Fountainbleau $124,900
Name Median ZHVI
West Little River $89,300
Gladeview $80,200
Brownsville $76,600

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $207 Median sale price / sq ft
  • No data Listings with price cut
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Miami Springs Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $2,350 Miami Springs
    $1,808 Miami-Fort Lauderdale Metro
    $1,369 United States

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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,450 Rent list price
  • $1.72 Rent list price / sq ft
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