Median Home Price
$513,948.05
Median Rent
$2,797.62/mo
Price-to-Rent RatioBETTER
15.3
Property Tax RateTIE
0.89%
Price Change (1Y)BETTER
-3.7%
Price Change (5Y)BETTER
-18.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$168,899
Median Home PriceBETTER
$373,641.61
Median RentBETTER
$2,008.84/mo
Price-to-Rent Ratio
15.5
Property Tax RateTIE
0.89%
Price Change (1Y)
-4.6%
Price Change (5Y)
-23.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$137,121
Key Differences
Home Prices
Miami's median home price of $513,948.05 is higher than Tampa's $373,641.61 by 38%.
Monthly Rent
Renting in Miami costs $2,797.62/mo compared to $2,008.84/mo in Tampa—a difference of $788.78/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.