Market Overview
Home Prices in Miami Lakes, FL
The median home value in Miami Lakes, FL is $654,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Miami Lakes are priced60% above average. Miami Lakes is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Miami Lakes home values have risen by approximately40.5%, reflecting strong long-term appreciation in this market.
Price History
Miami Lakes Home Price Trend
City Comparison
Miami Lakes vs. National Median
At $654,573, homes in Miami Lakes cost 60% above the national median of $410,000. Buyers in Miami Lakes should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Miami Lakes?
20% Down Payment
$130,915
on $654,573
Monthly P&I
$3,414/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,336/mo
incl. taxes & insurance
Income Needed
$173,440
gross annual (30% rule)
10% Down Option
$65,457
+ PMI applies
Loan Amount (20% dn)
$523,658
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 Lakes, FL?
The median home value in Miami Lakes is $654,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Miami Lakes?
Over the past year, home values in Miami Lakes have decreased by 0.3%. Over five years, prices have risen approximately 40.5%.
How much do I need to earn to buy a home in Miami Lakes?
To comfortably afford the median home price of $654,573 with a 20% down payment ($130,915) at today's rates (6.8%), you'd need a gross annual income of approximately $173,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Miami Lakes compare to the national average home price?
The national median home value is approximately $410,000. At $654,573, homes in Miami Lakes are 60% above the national average.
What metro area is Miami Lakes part of?
Miami Lakes is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.