Market Overview
Home Prices in Miami Shores, FL
The median home value in Miami Shores, FL is $756,424 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and down 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Miami Shores are priced84% above average. Miami Shores is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Miami Shores home values have risen by approximately51.1%, reflecting strong long-term appreciation in this market.
Price History
Miami Shores Home Price Trend
City Comparison
Miami Shores vs. National Median
At $756,424, homes in Miami Shores cost 84% above the national median of $410,000. Buyers in Miami Shores should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Miami Shores?
20% Down Payment
$151,285
on $756,424
Monthly P&I
$3,945/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,010/mo
incl. taxes & insurance
Income Needed
$200,400
gross annual (30% rule)
10% Down Option
$75,642
+ PMI applies
Loan Amount (20% dn)
$605,139
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 Shores, FL?
The median home value in Miami Shores is $756,424 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Miami Shores?
Over the past year, home values in Miami Shores have increased by 1.3%. Over five years, prices have risen approximately 51.1%.
How much do I need to earn to buy a home in Miami Shores?
To comfortably afford the median home price of $756,424 with a 20% down payment ($151,285) at today's rates (6.8%), you'd need a gross annual income of approximately $200,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Miami Shores compare to the national average home price?
The national median home value is approximately $410,000. At $756,424, homes in Miami Shores are 84% above the national average.
What metro area is Miami Shores part of?
Miami Shores is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.