Market Overview
Home Prices in Miami, AZ
The median home value in Miami, AZ is $139,046 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 9.7% compared to a year ago and down 9.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Miami are priced66% below average. Miami is part of the Phoenix-Mesa-Chandler, AZ metro area.
Over the past five years, Miami home values have fallen by approximately18.5%, reflecting softening conditions in this market.
Price History
Miami Home Price Trend
City Comparison
Miami vs. National Median
At $139,046, homes in Miami cost 66% below the national median of $410,000. This makes Miami a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Miami?
20% Down Payment
$27,809
on $139,046
Monthly P&I
$725/mo
30-yr @ 6.8%
Total Monthly Est.
~$921/mo
incl. taxes & insurance
Income Needed
$36,840
gross annual (30% rule)
10% Down Option
$13,905
+ PMI applies
Loan Amount (20% dn)
$111,237
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Miami, AZ?
The median home value in Miami is $139,046 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 9.7% year-over-year.
How much have home prices changed in Miami?
Over the past year, home values in Miami have decreased by 9.7%. Over five years, prices have fallen approximately 18.5%.
How much do I need to earn to buy a home in Miami?
To comfortably afford the median home price of $139,046 with a 20% down payment ($27,809) at today's rates (6.8%), you'd need a gross annual income of approximately $36,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Miami compare to the national average home price?
The national median home value is approximately $410,000. At $139,046, homes in Miami are 66% below the national average.
What metro area is Miami part of?
Miami is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.