2026 Affordability Data
Most Affordable Neighborhoods in South Miami - 2026 Data
The median home value in South Miami is $340,900, 21% above nat'l avg. Median rent is $1,760/month. With an affordability index of 35, South Miami is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the South Miami, FL area.
Key Takeaways: Affordability in South Miami
- 1The most affordable neighborhood in South Miami is Sanford, with a median home value of $77,800.
- 2South Miami's median home value is $340,900, 21% above nat'l avg (national: $281,900).
- 3South Miami's affordability index is 35 (baseline 100), making it less affordable than the national average.
- 4Median rent in South Miami is $1,760/month, 51% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in South Miami to find the most affordable areas based on home values, rent, and affordability index.
South Miami Affordability Overview
Median Home Value
$340,900
21% above nat'l avg
Median Rent
$1,760/mo
51% above nat'l avg
Median Income
$28,125
62% below nat'l avg
Affordability Index
35
65% below nat'l avg
Most Affordable Neighborhoods in South Miami (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | SanfordFL | $77,800 |
| 2 | AuburndaleFL | $229,400 |
| 3 | North Palm Beach villageFL | $418,100 |
| 4 | Haines CityFL | $222,100 |
| 5 | SeminoleFL | $279,000 |
| 6 | BartowFL | $195,200 |
| 7 | Belle GladeFL | $136,500 |
| 8 | SebringFL | $152,000 |
| 9 | LakelandFL | $207,800 |
| 10 | MinneolaFL | $348,700 |
| 11 | Holly HillFL | $155,600 |
| 12 | North LauderdaleFL | $234,300 |
| 13 | West ParkFL | $305,400 |
| 14 | Wellington villageFL | $492,300 |
| 15 | Lake WalesFL | $208,500 |
Detailed Neighborhood Profiles
Home Value: $77,800
Rent: $1,233/mo
Affordability: 258
Population: 1,397
Walk Score: 68/100
Home Value: $229,400
Rent: $776/mo
Affordability: 214
Population: 16,432
Home Value: $418,100
Rent: $776/mo
Affordability: 214
Population: 13,092
4
Home Value: $222,100
Rent: $776/mo
Affordability: 214
Population: 28,922
5
Home Value: $279,000
Rent: $776/mo
Affordability: 214
Population: 19,287
6
Home Value: $195,200
Rent: $776/mo
Affordability: 214
Population: 19,424
7
Home Value: $136,500
Rent: $776/mo
Affordability: 214
Population: 16,896
8
Home Value: $152,000
Rent: $776/mo
Affordability: 214
Population: 11,006
9
Home Value: $207,800
Rent: $776/mo
Affordability: 214
Population: 114,404
10
Home Value: $348,700
Rent: $776/mo
Affordability: 214
Population: 14,406
11
Home Value: $155,600
Rent: $776/mo
Affordability: 214
Population: 12,919
12
Home Value: $234,300
Rent: $776/mo
Affordability: 214
Population: 44,635
13
Home Value: $305,400
Rent: $776/mo
Affordability: 214
Population: 15,074
14
Home Value: $492,300
Rent: $776/mo
Affordability: 214
Population: 61,373
15
Home Value: $208,500
Rent: $776/mo
Affordability: 214
Population: 16,455
Frequently Asked Questions About Affordability in South Miami
What is the most affordable neighborhood in South Miami, FL?▾
Based on 2026 data, Sanford is the most affordable neighborhood in South Miami with a median home value of $77,800. Kurby analyzed 15 neighborhoods in the South Miami area to compile these rankings.
What is the median home price in South Miami, FL?▾
The median home price in South Miami is $340,900, which is 21% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is South Miami affordable compared to the national average?▾
South Miami has an affordability index of 35, which means housing is less 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 South Miami, FL?▾
The median monthly rent in South Miami is $1,760. This is 51% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in South Miami?▾
The median household income in South Miami is $28,125 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 South Miami are below the national average home price?▾
11 out of 15 ranked neighborhoods in South Miami have a median home value below the national average of $281,900. The most affordable is Sanford at $77,800 (Source: Kurby, 2026).