Miami-Dade County

FloridaPopulation: 2,688,237
51
/100
Hold
#2,487 of 3,073 counties
#27 in Florida (67 counties)
Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring
Updated October 19, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$523,240
Median Home Price
123% above the median US county
$2,789/mo
Median Rent
85% above the median US county
6.40%
Annual Rent-to-Price Ratio
Top 36% nationally
-$1,085
Est. Monthly Cash Flow
With 20% down at 7.4% rate

Deep-dive analysis

Rent vs Buy
Break-even math + market-specific verdict for buying vs renting
Investment Analysis
Investor thesis, where to buy by profile, forward catalysts
Cap Rates
Gross + net yield by sub-market, compression outlook
Rental Prices
Rent trends, affordability, forecast for renters and landlords
House Hack
Duplex / ADU / fourplex strategies with real numbers

Scenario comparison

Same $2,789/mo rent assumption, 20% down, 7.40% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$392,430-$361/mo5.5%-4.8%
Median
typical MLS deal
$523,240-$1,085/mo4.2%-10.8%
125% of median
newer / premium
$654,050-$1,810/mo3.3%-14.4%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$523,240
Down Payment (20%)$104,648
Loan Amount$418,592
Interest Rate7.40%

Monthly Cash Flow

Gross Rent+$2,789
Monthly P&I-$2,898
Est. Expenses (35%)-$976
Net Cash Flow-$1,085/mo
4.2%
Cap Rate (all cash)
-10.8%
Cash-on-Cash Return
6.40%
Rent-to-Price Ratio
Negative leverage: At 7.40% rates, borrowing costs exceed the 4.2% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

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Score Breakdown

Overall Investment Score
51/100
51
Cash Flow(30%)
64/100

Based on 6.40% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
56/100

Based on 0.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
25/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$1,085/mo)
  • -Negative leverage (cap rate 4.2% < mortgage rate 7.4%)
  • -High price-to-income ratio makes financing challenging

Economic Indicators

Population
2,688,237
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You rely on FHA-style financing: prices are stretched relative to local incomes

Compare to Florida counties with similar scores

CountyVerdict
BrowardFL
52$422,344$2,4576.98%HoldView
LeeFL
52$334,485$1,8276.55%HoldView
OsceolaFL
52$359,224$1,9886.64%HoldView
CurrentMiami-DadeFL
51$523,240$2,7896.40%Hold
SarasotaFL
51$399,023$2,1686.52%HoldView
OrangeFL
50$400,964$1,9335.79%HoldView

Section 8 in Miami-Dade County: payment standards by ZIP, PHA waitlist status, and voucher counts are on VoucherMatch, the same HUD dataset with the tenant demand side attached.

The Bottom Line

HoldMiami-Dade is a neutral market. Consider house hacking or targeting below-market deals.

Miami-Dade County in Florida scores 51/100, ranking #2487 of 3,073 US counties (top 81%). At 20% down and current rates, a median-priced rental loses about $1085/month; the 6.40% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-1,085/mo
Cap Rate
4.2%
Cash-on-Cash
-10.8%

Related markets

All counties in Florida →

Average rent by city in Miami-Dade County

Typical asking rent across each city's ZIP codes (Zillow Observed Rent Index). Open a city for rent by ZIP and bedroom count.

Rent vs buy in Florida cities

Rent vs buy in Jacksonville, FLMedian $289,432 · rent $1,582/moRent vs buy in Miami, FLMedian $513,948 · rent $2,798/moRent vs buy in Tampa, FLMedian $373,642 · rent $2,009/moRent vs buy in Orlando, FLMedian $397,718 · rent $1,946/moRent vs buy in St. Petersburg, FLMedian $361,621 · rent $2,032/moAll Florida citiesFull rent-vs-buy directory for the state

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