Miami Housing Market 2026
| Metric | Miami |
|---|---|
| Median Home Price | $614,000 |
| 20% Down Payment | $122,800 |
| Loan Amount (80% LTV) | $491,200 |
| Est. P&I @ 6.5% 30yr | $3,105/mo |
| Median Household Income | $46,340/year |
| State Income Tax | None |
Monthly Payment at Different Prices
| Home Price | 20% Down | P&I @ 6.5% | P&I @ 7% |
|---|---|---|---|
| $430,000 | $86,000 | $2,174/mo | $2,289/mo |
| $522,000 | $104,400 | $2,640/mo | $2,778/mo |
| $614,000 | $122,800 | $3,105/mo | $3,268/mo |
| $706,000 | $141,200 | $3,570/mo | $3,758/mo |
| $798,000 | $159,600 | $4,035/mo | $4,247/mo |
Calculate Your Exact Miami Mortgage
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What is the average home price in Miami?
The median home price in Miami is approximately $614,000 as of 2026.
Can I afford a home in Miami on $46,340?
With a median income of $46,340 and median home price of $614,000, the price-to-income ratio in Miami is 13.2×. Most financial advisors recommend a home price no more than 3–5× your annual income.
Related: PITI Calculator · PMI Calculator