Miami, United States
Property prices · 2024 · Americas
Property price trend in Miami (2024–2026)
Property comparison — cities in United States (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Miami |
|---|---|---|---|---|
| Miami | USD 8,500 | USD 5,500 | USD 2,500 | — |
| New York | USD 18,500 | USD 10,500 | USD 3,500 | +117.6% |
| San Francisco | USD 16,800 | USD 9,800 | USD 3,200 | +97.6% |
| Seattle | USD 11,500 | USD 7,200 | USD 2,800 | +35.3% |
| Los Angeles | USD 11,500 | USD 7,500 | USD 2,800 | +35.3% |
| Boston | USD 10,200 | USD 6,400 | USD 2,600 | +20% |
| Washington DC | USD 9,500 | USD 5,900 | USD 2,400 | +11.8% |
| Austin | USD 7,200 | USD 4,500 | USD 1,900 | -15.3% |
| Denver | USD 6,800 | USD 4,200 | USD 1,800 | -20% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Miami in 2024?
In Miami, the average price per sqm in the city centre is USD 8,500, and USD 5,500 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Miami in 2024?
A 1-bedroom apartment in Miami rents for approximately USD 2,500 per month in 2024. A 3-bedroom apartment costs around USD 4,500/month.
Is it better to buy or rent in Miami?
Buying and renting are roughly comparable in Miami. The price-to-rent ratio is 20.0x — it would take approximately 20.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in United States in 2024?
The average mortgage rate in United States is approximately 6.80% as of 2024. With a price-to-rent ratio of 20.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Miami?
The average property price per square metre in Miami city centre is USD 8,500 in 2024. Outside the centre, expect to pay around USD 5,500/sqm.