Market Overview
Home Prices in Miami Beach, FL
The median home value in Miami Beach, FL is $524,997 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and down 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Miami Beach are priced28% above average. Miami Beach is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Miami Beach home values have risen by approximately19.5%, reflecting steady appreciation in this market.
Price History
Miami Beach Home Price Trend
City Comparison
Miami Beach vs. National Median
At $524,997, homes in Miami Beach cost 28% above the national median of $410,000. Buyers in Miami Beach should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Miami Beach?
20% Down Payment
$104,999
on $524,997
Monthly P&I
$2,738/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,477/mo
incl. taxes & insurance
Income Needed
$139,080
gross annual (30% rule)
10% Down Option
$52,500
+ PMI applies
Loan Amount (20% dn)
$419,998
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 Beach, FL?
The median home value in Miami Beach is $524,997 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Miami Beach?
Over the past year, home values in Miami Beach have decreased by 2%. Over five years, prices have risen approximately 19.5%.
How much do I need to earn to buy a home in Miami Beach?
To comfortably afford the median home price of $524,997 with a 20% down payment ($104,999) at today's rates (6.8%), you'd need a gross annual income of approximately $139,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Miami Beach compare to the national average home price?
The national median home value is approximately $410,000. At $524,997, homes in Miami Beach are 28% above the national average.
What metro area is Miami Beach part of?
Miami Beach is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.