| Miami, FL | |
|---|---|
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| State | Florida |
| Population | 454,279 |
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In comparison to its surrounding areas, Miami is a little more expensive, and it is substantially more expensive compared to the entire nation.
The median home in Miami costs $317,700. Compared to its surrounding areas this is roughly $18,317 (6%) higher.It is about $100,200 (46%) higher compared to the United States as a whole.
Miami's median rent is $1,183 per month. It is is very similar compared to its nearby areas.In comparison to the rest of the country it is approximately $121 (11%) higher.
Brownsville is Miami's neighbor to the northwest. Real estate prices there are significantly less expensive. The median home price in Brownsville is $160,700, which works out to $157,000 (97%) lower than Miami. Its rents are significantly less expensive. Brownsville's median rent is $809 per month, which is $374 (46%) lower than Miami.
Gladeview is Miami's neighbor to the north. Real estate prices there are a lot less expensive. The median home price in Gladeview is $119,200, which is $198,500 (166%) lower than Miami. Rent there is a little less expensive. In Gladeview the median rent is $1,038 per month, which comes out to $145 (13%) lower than Miami.
Miami Beach is Miami's neighbor to the northeast. Its housing prices are somewhat more expensive. The median home price in Miami Beach is $459,000, which is $141,300 (30%) higher than Miami. Rent there is a little more expensive. In Miami Beach the median monthly rent is $1,396, which comes out to $213 (15%) higher than Miami.
West Miami is Miami's neighbor to the southwest. The housing prices there are a little more expensive. The median home cost in West Miami is $335,800, which is $18,100 (5%) higher than Miami. Rents there are somewhat more expensive. West Miami's median monthly rent is $1,515, which is $332 (21%) higher than Miami.
Miami Springs is approximately 5 miles northwest of Miami. Housing prices there are a bit more expensive. The median home in Miami Springs is valued at $410,400, which is $92,700 (22%) higher than Miami. Rents there are similar. In Miami Springs the median rent is $1,134 per month, which works out to $49 (4%) lower than Miami.
Virginia Gardens is about 5 miles west from Miami. Its real estate prices are fairly similar. Virginia Gardens's median home value is $311,200, which works out to $6,500 (2%) lower than Miami. Rent there is similar. In Virginia Gardens the median rent is $1,184 a month, which is very similar to Miami.