Home Values

South Miami Heights 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

None

  • None 1-year change
  • None 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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median list price per square foot in South Miami Heights is None. The median rent price in South Miami Heights is $1,120, which is lower than the Miami-Fort Lauderdale Metro median of $1,850.

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 South Miami Heights is 17.1%, 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 South Miami Heights homeowners underwater on their mortgage is 21.7%, which is higher than Miami-Fort Lauderdale Metro at 19.0%.

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Relative ZHVI
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South Miami Heights Market Overview

Data through Feb 28, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $169,450 Median sale price
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South Miami Heights Market Health

Data through Mar 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 21.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 17.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Country Walk $255,300
Three Lakes $224,800
Richmond West $221,100
Name Median ZHVI
Cutler Bay $187,100
Palmetto Estates $162,700
Goulds $134,500
Name Median ZHVI
West Perrine $129,100
Princeton $128,900
Richmond Heights $120,500

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $114 Median sale price / sq ft
  • No data Listings with price cut
18.0%
Sold below listing
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South Miami Heights Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,580 South Miami Heights
    $1,789 Miami-Fort Lauderdale Metro
    $1,362 United States

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

  • No data Breakeven horizon
  • $1,120 Rent list price
  • $1.16 Rent list price / sq ft
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