Home Values

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

$229,600

  • 13.2% 1-year change
  • 1.7% 1-year forecast

The median home value in Miami-Dade County is $229,600. Miami-Dade County home values have gone up 13.2% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Miami-Dade County is $208, which is higher than the Miami-Fort Lauderdale Metro average of $163. The median price of homes currently listed in Miami-Dade County is $295,000 while the median price of homes that sold is $247,250. The median rent price in Miami-Dade County is $1,975, which is higher than the Miami-Fort Lauderdale Metro median of $1,800.

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 17.1%, which is higher than the national value of 6.4%. 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 22.7%, which is higher than Miami-Fort Lauderdale Metro at 20.1%.

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Relative ZHVI
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Miami-Dade County Market Overview

Data through Nov 30, 2014
  • $229,600 ZHVI
  • 1.7% 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
    (Nov 30, 2015)
  • $295,000 Median listing price
  • $247,250 Median sale price
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Miami-Dade County Market Health

Data through Nov 30, 2014
  • 3.8/10 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.
  • 111 Average days on Zillow (Oct 31, 2014)
  • 22.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 17.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Cities in Miami-Dade County

Name Median ZHVI
Country Walk $276,500
Richmond West $244,300
Three Lakes $243,400
Name Median ZHVI
The Hammocks $239,300
The Crossings $216,000
Kendale Lakes $171,100
Name Median ZHVI
Kendall West $154,300
Naranja $135,500
Leisure City $108,100

Listings & Sales

Data through Nov 30, 2014
  • $208 Median list price / sq ft
  • $165 Median sale price / sq ft
  • No data Listings with price cut
16.3%
Sold below listing
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Miami-Dade County Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,865 Miami-Dade County
    $1,778 Miami-Fort Lauderdale Metro
    $1,342 United States

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

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,975 Rent list price
  • $1.71 Rent list price / sq ft
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