The typical City of Miami home was worth $580,866 in August 2026, up 0.8% in a year and 2% below the October 2024 peak, Zillow's index shows.
Last checked Oct. 9, 2026, with Zillow data through August 2026 and Federal Housing Finance Agency data through the second quarter of 2026. Refreshed monthly. Questions about a specific property’s value or taxes: the Property Appraiser of Miami-Dade County, 305-375-4712, or miamidadepa.gov.
The typical home in the City of Miami was worth $580,866 in August 2026, according to the Zillow Home Value Index. That is up 0.8% from $576,477 a year earlier and about 2% below the city’s peak of $593,713 in October 2024. Values are 61% higher than in August 2020, before the pandemic run-up.
The index covers single-family homes and condos in the middle third of the market and is adjusted for the season. It is an estimate of value, not a sale price.
What this means for you
- Prices have gone sideways for two years: down 2.4% in the year to August 2025, up 0.8% since.
- Homes take a little longer to go under contract than a year ago: 62 days in August, up from 55.
- Miami costs more than the county as a whole but far less than Coral Gables.
- Buying? Your property tax bill resets to the new market value; see property taxes.
Ten years of values
| August | Typical home value | Change from a year earlier |
|---|---|---|
| 2020 | $360,436 | |
| 2021 | $412,712 | +14.5% |
| 2022 | $519,669 | +25.9% |
| 2023 | $549,611 | +5.8% |
| 2024 | $590,915 | +7.5% |
| 2025 | $576,477 | -2.4% |
| 2026 | $580,866 | +0.8% |
Source: Zillow Home Value Index, cities (CSV).
Sale prices and time on the market
Zillow also reports what homes actually sold for. The median sale price in Miami was $585,000 in July 2026, the latest month published, up from $560,000 in July 2025. Over the past year the monthly figure has run between $550,000 and $631,500.
The median days to pending, the time from listing to an accepted offer, was 62 days in August 2026, against 55 days in August 2025.
Compared with neighbors
| Place | Typical value, August 2026 | One-year change |
|---|---|---|
| Coral Gables | $1,558,867 | +6.9% |
| Miami Springs (about 6 miles) | $729,567 | +2.0% |
| West Miami (about 6 miles) | $659,221 | -0.1% |
| Miami | $580,866 | +0.8% |
| Doral | $543,159 | -1.2% |
| Miami Beach (about 5 miles) | $522,429 | +1.0% |
| Miami-Dade County | $521,012 | 0.0% |
| Hialeah | $442,859 | -0.3% |
| North Bay Village (about 6 miles) | $388,824 | +1.1% |
County figures: Zillow Home Value Index, counties (CSV).
The federal measure
The Federal Housing Finance Agency’s house price index for the Miami-Miami Beach-Kendall metropolitan division, which covers Miami-Dade County and tracks repeat sales and refinances of the same homes, stood at 666.21 in the second quarter of 2026, up 1.3% from 657.88 a year earlier. The FHFA index includes only homes with mortgages backed by Fannie Mae or Freddie Mac, which leaves out many cash and condo sales, one reason it can differ from Zillow’s.
The Census figure
The Census Bureau’s 2020-2024 American Community Survey put the median value of owner-occupied homes in Miami at $518,100, against $463,000 for Miami-Dade County. That figure is what owners say their home is worth, collected over five years, so it trails the market. The same survey found 69% of Miami households rent (134,753 of 194,821), and the median gross rent was $1,758 a month. More in our Miami population guide.
How to read these numbers
- Zillow’s index is modeled from public records and listings. It is not an appraisal.
- For a single property, look up its record and nearby sales with the Property Appraiser of Miami-Dade County or ask a licensed appraiser.
- Recorded sales in the city are listed in our real estate transfers.
Related: moving to Miami and property taxes.
Neighborhood by neighborhood, with the ZIP code value for each area: our Miami neighborhoods guide.
Frequently asked questions
What is the average home price in Miami, Florida?
Zillow’s Home Value Index put the typical City of Miami home at $580,866 in August 2026. Zillow’s median sale price in the city was $585,000 in July 2026, the latest month published.
Are home prices going down in Miami?
Not much either way. The typical value rose 0.8% from August 2025 to August 2026 and sits about 2% below the peak of $593,713 in October 2024, but is 61% above August 2020.
How long does it take to sell a house in Miami?
The median time from listing to an accepted offer was 62 days in August 2026, against 55 days in August 2025, according to Zillow.
Is Miami cheaper than Miami Beach or Coral Gables?
It is far cheaper than Coral Gables ($1,558,867) but costs more than Miami Beach ($522,429) and the county as a whole ($521,012), going by Zillow’s August 2026 typical values.
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