Home prices
The median home value in Miami Shores is $558,700. Compared to its nearby areas it is roughly $244,580 (77%) higher.It is roughly $341,200 (156%) higher compared to the entire nation, and it is roughly $241,000 (75%) higher compared to the city of Miami.
Rents
In Miami Shores the median rent is $1,523 per month. It is approximately $220 (16%) higher in comparison to other places in this area.It is about $461 (43%) higher in comparison to the nation as a whole, and in comparison to the city of Miami it is roughly $340 (28%) higher.
Nearby places
Biscayne Park
Biscayne Park is Miami Shores's neighbor to the north. Its real estate prices are somewhat less expensive. The median home price in Biscayne Park is $457,300, which works out to $101,400 (22%) lower than Miami Shores. The rent there is a bit less expensive. In Biscayne Park the median monthly rent is $1,389, which is $134 (9%) lower than Miami Shores.
El Portal
El Portal is Miami Shores's neighbor to the southwest. Real estate prices there are a lot less expensive. The value of the median home in El Portal is $396,400, which works out to $162,300 (40%) lower than Miami Shores. Rent there is significantly less expensive. In El Portal the median rent is $1,100 a month, which is $423 (38%) lower than Miami Shores.
North Bay Village
North Bay Village is about 2 miles southeast from Miami Shores. Its housing prices are a lot less expensive. The median home price in North Bay Village is $331,500, which is $227,200 (68%) lower than Miami Shores. Rents there are somewhat more expensive. The median rent in North Bay Village is $1,764 per month, which works out to $241 (13%) higher than Miami Shores.
Pinewood
Pinewood is approximately 2 miles west of Miami Shores. Housing prices there are significantly less expensive. The cost of the median home in Pinewood is $182,800, which comes out to $375,900 (205%) lower than Miami Shores. Rent there is significantly less expensive. In Pinewood the median monthly rent is $1,091, which is $432 (39%) lower than Miami Shores.
North Miami
North Miami is roughly 2 miles north of Miami Shores. The real estate prices there are substantially less expensive. The price of the median home in North Miami is $202,600, which is $356,100 (175%) lower than Miami Shores. Rents there are somewhat less expensive. In North Miami the median monthly rent is $1,172, which works out to $351 (29%) lower than Miami Shores.
