2026 Affordability Data
Most Affordable Neighborhoods in Miami - 2026 Data
The median home value in Miami is $430,000, 53% above nat'l avg. Median rent is $2,460/month. With an affordability index of 119, Miami is more affordable than the national baseline of 100. We ranked 20 neighborhoods by affordability to help you find the best value in the Miami, FL area.
Key Takeaways: Affordability in Miami
- 1The most affordable neighborhood in Miami is Coconut Grove, with a median home value of $685,000.
- 2Miami's median home value is $430,000, 53% above nat'l avg (national: $281,900).
- 3Miami's affordability index is 119 (baseline 100), making it more affordable than the national average.
- 4Median rent in Miami is $2,460/month, 112% above nat'l avg (national: $1,163/month).
- 5We analyzed 20 neighborhoods in Miami to find the most affordable areas based on home values, rent, and affordability index.
Miami Affordability Overview
Median Home Value
$430,000
53% above nat'l avg
Median Rent
$2,460/mo
112% above nat'l avg
Median Income
$41,818
44% below nat'l avg
Affordability Index
119
19% above nat'l avg
Most Affordable Neighborhoods in Miami (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Coconut GroveMiami, FL | $685,000 |
| 2 | BrickellMiami, FL | $475,000 |
| 3 | South BeachMiami, FL | $520,000 |
| 4 | The HammocksMiami, FL | $282,700 |
| 5 | EdgewaterMiami, FL | $290,600 |
| 6 | WestchesterMiami, FL | $398,700 |
| 7 | Belle MeadeMiami, FL | $392,100 |
| 8 | Upper East Side MiamiMiami, FL | $392,100 |
| 9 | AllapattahMiami, FL | $264,300 |
| 10 | FlagamiMiami, FL | $333,000 |
| 11 | Coral WayMiami, FL | $490,500 |
| 12 | Midtown MiamiMiami, FL | $566,400 |
| 13 | The RoadsMiami, FL | $1,232,700 |
| 14 | Silver BluffMiami, FL | $1,232,700 |
| 15 | Buena VistaMiami, FL | $492,900 |
| 16 | ShenandoahMiami, FL | $528,900 |
| 17 | Design DistrictMiami, FL | $492,900 |
| 18 | Liberty CityMiami, FL | $163,300 |
| 19 | Little HaitiMiami, FL | $209,700 |
| 20 | MorningsideMiami, FL | $1,145,100 |
Detailed Neighborhood Profiles
Home Value: $685,000
Rent: $2,172/mo
Affordability: 125
Population: 21,000
Walk Score: 97/100
Home Value: $475,000
Rent: $2,460/mo
Affordability: 119
Population: 35,000
Walk Score: 98/100
Home Value: $520,000
Rent: $1,644/mo
Affordability: 82
Population: 39,000
Walk Score: 98/100
4
Home Value: $282,700
Rent: $1,769/mo
Affordability: 82
Population: 3,916
Walk Score: 52/100
5
Home Value: $290,600
Rent: $2,479/mo
Affordability: 80
Population: 4,708
Walk Score: 87/100
6
Home Value: $398,700
Rent: $1,893/mo
Affordability: 68
Population: 2,562
Walk Score: 86/100
7
Home Value: $392,100
Rent: $1,680/mo
Affordability: 63
Population: 5,366
Walk Score: 8/100
8
Home Value: $392,100
Rent: $1,680/mo
Affordability: 63
Population: 5,366
Walk Score: 84/100
9
Home Value: $264,300
Rent: $1,199/mo
Affordability: 61
Population: 6,224
Walk Score: 85/100
10
Home Value: $333,000
Rent: $1,970/mo
Affordability: 58
Population: 3,942
Walk Score: 53/100
11
Home Value: $490,500
Rent: $1,791/mo
Affordability: 56
Population: 2,652
Walk Score: 87/100
12
Home Value: $566,400
Rent: $2,141/mo
Affordability: 52
Population: 4,128
Walk Score: 94/100
13
Home Value: $1,232,700
Affordability: 49
Population: 3,520
Walk Score: 56/100
14
Home Value: $1,232,700
Affordability: 49
Population: 3,520
Walk Score: 36/100
15
Home Value: $492,900
Rent: $1,877/mo
Affordability: 44
Population: 3,081
Walk Score: 96/100
16
Home Value: $528,900
Rent: $1,644/mo
Affordability: 44
Population: 3,143
Walk Score: 86/100
17
Home Value: $492,900
Rent: $1,877/mo
Affordability: 44
Population: 3,081
Walk Score: 97/100
18
Home Value: $163,300
Rent: $442/mo
Affordability: 43
Population: 3,161
Walk Score: 69/100
19
Home Value: $209,700
Rent: $627/mo
Affordability: 41
Population: 3,884
Walk Score: 83/100
20
Home Value: $1,145,100
Rent: $2,070/mo
Affordability: 32
Population: 2,687
Walk Score: 33/100
Frequently Asked Questions About Affordability in Miami
What is the most affordable neighborhood in Miami, FL?▾
Based on 2026 data, Coconut Grove is the most affordable neighborhood in Miami with a median home value of $685,000. Kurby analyzed 20 neighborhoods in the Miami area to compile these rankings.
What is the median home price in Miami, FL?▾
The median home price in Miami is $430,000, which is 53% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Miami affordable compared to the national average?▾
Miami has an affordability index of 119, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Miami, FL?▾
The median monthly rent in Miami is $2,460. This is 112% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Miami?▾
The median household income in Miami is $41,818 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Miami are below the national average home price?▾
3 out of 20 ranked neighborhoods in Miami have a median home value below the national average of $281,900. The most affordable is Allapattah at $264,300 (Source: Kurby, 2026).