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Florida real estate · Miami-Dade County

Miami, Florida Real Estate

Homes, values and local insight for Miami, Miami-Dade County, Florida. Typical home value $581,000.

Reviewed and updated October 3, 2026 by Ryan and Megan Winslow, Winslow Homes

Ryan and Megan Winslow Broker Owners3,000+ homes soldSince 2009 REALTOR®4 states broker in FL, MA, CT, RIU.S. Army RetiredBest of Central MA winners
$581,000Typical home value
+0.8%Home values, past year
487,014Residents (2024)
$59,390Median household income
Homes for sale

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Luxury condo towers on Biscayne Bay in Miami

Life in Miami, FL

Miami is the bayfront hub of South Florida, with the Brickell financial district, Little Havana's Calle Ocho, and the Wynwood street art scene all inside city limits. It is the heart of the Cuban diaspora and a major arts, food and music city.

The City of Miami was incorporated on July 28, 1896, the same year Henry Flagler's railroad reached town. After the freezes of 1894 and 1895, Flagler agreed to extend the line in exchange for land from Julia Tuttle and the Brickell family. Coconut Grove's Bahamian roots go back to the 1870s, and The Barnacle, built in 1891, still stands on the bay. Miami mixes high-rise living in Brickell and Edgewater with older, tree-shaded streets in Coconut Grove and Coral Way. Spanish is heard everywhere, cafecito windows are a daily ritual, and life leans toward the water.

Miami neighborhoods

Brickell

Miami's financial district on Biscayne Bay, packed with high-rise condos and towers. Upscale restaurants, bars, outdoor shopping at Brickell City Centre and bayfront parks sit within walking distance. ( source )

Coconut Grove

Miami's oldest neighborhood, with banyan trees, palms and live oaks over quiet residential streets. It has Bahamian roots from the 1870s, the Dinner Key Marina, bayfront parks and a laid-back, boating-focused feel. ( source )

Little Havana

The heart of Miami's Cuban diaspora, centered on Calle Ocho (SW 8th Street). Bakeries, fruit stands, cigar shops, galleries and music venues line the main street, and the Cuban culture shows up in daily life. ( source )

Wynwood

Hub of contemporary and street art, with murals first commissioned by developer Tony Goldman in the early 2000s. Galleries, breweries, boutiques and food halls draw a young, busy crowd. ( source )

Edgewater

A waterfront neighborhood between Downtown and the Design District where high-rises meet older Miami streets. Margaret Pace Park anchors the bayfront with running paths and dog runs, and the pace is quieter than Brickell. ( source )

Coral Way

One of Miami's oldest neighborhoods, stretching west from Brickell. Shaded streets, historic homes, family-run restaurants and long-time neighborhood institutions set a slower, local pace. ( source )

Upper East Side (MiMo)

Known for post-war Miami Modern architecture along the MiMo Biscayne Boulevard Historic District, a 27-block stretch between 50th and 77th streets. Restored motels and buildings sit beside Italian, Mediterranean and Vietnamese restaurants. ( source )

Where locals eat in Miami

Cuban · 3555 SW 8th Street, Little Havana

Versailles Restaurant

Famous Cuban sandwiches since 1971, and La Ventanita coffee window is a gathering spot for Miami's Cuban community. ( source )

Ice cream · Calle Ocho, Little Havana

Azucar Ice Cream Company

Artisanal ice creams and sorbets in Cuban and tropical flavors. ( source )

Seafood · Miami River

Garcia's Seafood Grille & Fish Market

Family-owned for over 50 years, with waterfront dining on seafood that comes straight off the family's boats. ( source )

Bakery · 295 NW 26th Street, Wynwood

Zak the Baker

Local bakery known for bread made by tradition, not trends. Closed Saturdays. ( source )

Mexican · Wynwood

Coyo Taco

Mexican street food tacos and margaritas at the Wynwood location on NW 23rd Street. ( source )

Greek and Aegean · 4312 NE 2nd Avenue, Upper East Side

Mandolin Aegean Bistro

Traditional Aegean recipes made with seasonal, fresh ingredients. ( source )

Cuban and Latin · 5721 W Flagler Street and other Miami locations

El Palacio de los Jugos

Fresh juices and Cuban comfort food, with locations on West Flagler Street, SW 27th Avenue and SW 8th Street that open at 6 am. ( source )

Cuban-American diner · Coconut Grove

Chug's Diner

Michelin Bib Gourmand pick from chef Michael Beltran, known for the cast iron pancake, croquetas and pastelitos. ( source )

Coffee, drinks and hangouts

Ball & Chain

Historic Calle Ocho bar with Cuban food, mojitos and live salsa, jazz and Latin music most nights. ( source )

Lagniappe

Wine bar at 3425 NE 2nd Avenue with live music every night and no reservations. ( source )

The Citadel

Food hall and rooftop bar at 8300 NE 2nd Avenue with local food stalls, cocktails and events. ( source )

1-800-Lucky

Miami's first Asian food hall, a 10,000 square foot Wynwood space with six food stalls, two bars, karaoke and nightly DJs or live music. ( source )

Monty's Raw Bar

Waterfront raw bar on South Bayshore Drive in Coconut Grove with a Key West feel, live music and boat mooring. ( source )

Shopping in Miami

Brickell City Centre

Three levels of shopping, dining and entertainment in Brickell, anchored by a 107,000 square foot Saks Fifth Avenue. ( source )

Miami Design District

Neighborhood of luxury fashion, design, art, architecture and dining around NE 39th Street. ( source )

Bayside Marketplace

Downtown waterfront marketplace on Biscayne Bay with shops, boutiques and bayside restaurants. ( source )

CocoWalk

Mixed-use shopping, dining and office center at the heart of Coconut Grove. ( source )

Parks, beaches and nature

in town

Bayfront Park

32-acre downtown waterfront park at 301 Biscayne Boulevard with public art, open lawns and the Mildred and Claude Pepper Fountain. Free and open daily. ( source )

in town (Coconut Grove)

The Barnacle Historic State Park

Bayfront state park around Commodore Ralph Munroe's 1891 home, with house tours, picnic lawns and moonlight concerts. ( source )

in town (Brickell south)

The Underline

A 10-mile linear park and urban trail with walking and biking paths, a gym, playground and art. ( source )

about 8 miles

Crandon Park

Miami-Dade County park on Key Biscayne with a beach, tennis center, golf course, marina and nature center. ( source )

about 10 miles

Bill Baggs Cape Florida State Park

Nearest state park, on the tip of Key Biscayne, with a natural beach, trails and the 1825 Cape Florida Lighthouse, the oldest building in the county. ( source )

about 35 miles

Biscayne National Park

National park of bay waters, islands and coral reefs, popular for boating, fishing and diving. ( source )

about 40 miles

Everglades National Park

Established in 1947, it protects 1.5 million acres of wetland, forest and marine habitat. ( source )

Attractions and landmarks

Vizcaya Museum and Gardens

James Deering's Gilded Age estate and National Historic Landmark at 3251 South Miami Avenue, with a main house and formal gardens. ( source )

Phillip and Patricia Frost Museum of Science

Science museum, aquarium and planetarium at 1101 Biscayne Boulevard, open daily. ( source )

Wynwood Walls

Open-air street art museum where more than 130 artists from over 30 countries have painted since 2009. ( source )

Freedom Tower

Miami Dade College landmark at 600 Biscayne Boulevard, tied to the Cuban Refugee Center and Operation Pedro Pan stories. ( source )

Zoo Miami

Large county zoo with about 2,000 animals on 750 acres and 4 miles of walkways. ( source )

Annual events

March

Calle Ocho Music Festival

Carnaval Miami's street festival on Calle Ocho, run by volunteers of the Kiwanis Club of Little Havana. ( source )

March

Ultra Music Festival

Electronic music festival held at Bayfront Park downtown. ( source )

February

Coconut Grove Arts Festival

Outdoor fine arts festival in Coconut Grove, set for February 13 to 15, 2027. ( source )

November

Miami Book Fair

Book festival with author talks and a three-day street fair across downtown Miami. ( source )

Early January

King Mango Strut

Coconut Grove's satirical parade, held since 1982 and first started as a parody of the King Orange Jamboree Parade. ( source )

Miami-Dade County Public Schools

Elementary

Coconut Grove Elementary School, Ada Merritt K-8 Center

Middle

Shenandoah Middle School

High

Miami Senior High School, MAST Academy

Private

Ransom Everglades School, Carrollton School of the Sacred Heart, Immaculata-La Salle High School

Listed for reference, not ranked. Confirm school zoning for any address with the district. ( source )

Buying in Miami: what Ryan and Megan check

  • Check the FEMA flood zone and elevation certificate. Much of Miami is low-lying and bayfront areas like Brickell, Edgewater and Coconut Grove see storm surge and king tide flooding, which drives flood insurance cost.
  • For condos, review the building's milestone inspection and structural reserve study status under Florida's post-Surfside condo laws, plus any pending special assessments.
  • Confirm historic designation rules before buying to renovate, such as in the MiMo Biscayne Boulevard Historic District or historic sites in Coconut Grove, and check City of Miami tree permit rules for large canopy trees.
Roads

I-95, I-395, SR 836 (Dolphin Expressway), US-1 (Biscayne Boulevard and South Dixie Highway), SR 826 (Palmetto Expressway) and Florida's Turnpike. Metrorail and the free Metromover serve Downtown and Brickell.

Airports

Miami International Airport (MIA), about 15 to 20 minutes from Downtown. Fort Lauderdale-Hollywood International (FLL), about 40 to 50 minutes.

Miami Beach: about 15 to 20 min Coral Gables: about 15 min Fort Lauderdale: about 40 min Homestead: about 45 min West Palm Beach: about 1 hr 30 min Key West: about 3 hr 30 min

Talk to Ryan and Megan about Miami

Ryan and Megan Winslow, broker owners of Winslow Homes. REALTOR® since 2009, 3,000+ homes sold, broker in FL, MA, CT and RI, U.S. Army Retired.

Call 386-690-5858 Email Ryan and Megan Get pre-approved

Researched and verified 2026-09-28. Businesses change; call ahead.

Market data

Miami by the numbers

The typical home in Miami is worth $581,000, 11% above the Miami-Dade County typical value of $521,000 and 55% above the Florida typical value of $375,000.

Typical home value

$581,000

Zillow Home Value Index for Miami, August 2026. The middle of the market for single family homes and condos.

5 year change

+40.7%

Home values in Miami moved +40.7% over five years and +83.5% over ten.

Median rent

$1,657/mo

Median gross rent in Miami. Useful for investors running rental numbers.

Homeownership

31%

Share of occupied homes in Miami lived in by the owner.

Median year built

1978

Older homes often need inspection focus on roof, systems and windows.

Household income

$59,390

Median household income in Miami.

Mortgage planning for a home in Miami
Financing

Buying in Miami with the right loan

Ryan and Megan are mortgage bankers with The Federal Savings Bank, lending in all 50 states. You get the home and the loan from one team. On a typical Miami home of $581,000:

  • FHA, 3.5% down: $20,330 down, loan of $561,000
  • Conventional, 5% down: $29,043 down, loan of $552,000
  • Conventional, 20% down: $116,000 down, loan of $465,000
  • VA, 0% down for eligible veterans, loan of $581,000
Selling

What is your Miami home worth?

Ryan and Megan price Miami homes from recent sales, not guesses. Send your address and you get a free market analysis, with no obligation.

Home for sale in Miami
Nearby

Towns near Miami

Miami-Dade County

More in Miami-Dade County

See the full Miami-Dade County real estate guide or the Florida real estate guide.

FAQ

Common questions

What is the typical home value in Miami, FL?

The Zillow Home Value Index for Miami was $581,000 in August 2026, +0.8% over the past year.

What county is Miami in?

Miami is in Miami-Dade County, Florida.

How many people live in Miami?

About 487,014 people as of the 2024 Census Bureau estimate, up from 442,244 in 2020.

Who are the best real estate agents in Miami?

Ryan and Megan Winslow of Winslow Homes have sold over 3,000 homes since 2009 and are licensed in Florida, Massachusetts, Connecticut and Rhode Island. Call or text 386-690-5858.

How do I get pre-approved to buy in Miami?

Apply at www.winslowloan.com. Ryan and Megan are mortgage bankers with The Federal Savings Bank and lend in all 50 states, including FHA, VA and conventional loans.

Do most people in Miami own or rent?

31% of occupied homes in Miami are owner occupied, based on the 2019 to 2023 American Community Survey.

Talk to Ryan and Megan

Ready to move in Miami?

17 years, over 3,000 homes sold, and one team for the home and the loan. Call or text 386-690-5858.

Sources: U.S. Census Bureau 2024 population estimates and 2019 to 2023 American Community Survey; Zillow Home Value Index, August 2026. Numbers update as new data is released. Talk to Ryan and Megan for current sold prices on your street.

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