US Rent Comparison

Affordability — Miami Beach Brokers South Florida real estate market commentary by Christopher Lazaro Sunny Isles Beach FL

Miami Rent Runs ~$700 Above US

Typical rent: Miami $2.7K vs US $1.9K, per a March market report. Miami rents ↑0.3% MoM and ↑0.7% yearly, according to the report. Home values and inventory shifted too Typical Miami home value $472K: ↑0.4% MoM, ↓3.1% yearly. Miami home inventory ↓8.4% yearly, even as rents climbed. Income context: one study cited $144K salary; HUD median family...