Home prices
The median home in South Miami costs $569,300. In comparison to other places in this area this is approximately $108,560 (23%) higher.In comparison to the United States as a whole it is approximately $351,800 (161%) higher, and is roughly $251,600 (79%) higher compared to the city of Miami.
Rents
The median monthly rent in South Miami is $1,338. This is approximately $210 (13%) lower compared to its nearby areas.In comparison to the entire nation it is roughly $276 (25%) higher, and it is about $155 (13%) higher in comparison to the city of Miami.
Nearby places
Glenvar Heights
Glenvar Heights is South Miami's neighbor to the west. Real estate prices there are significantly less expensive. The median home in Glenvar Heights is valued at $385,200, which comes out to $184,100 (47%) lower than South Miami. Rents there are somewhat more expensive. Glenvar Heights's median rent is $1,415 a month, which comes out to $77 (5%) higher than South Miami.
Coral Gables
Coral Gables is South Miami's neighbor to the east. The real estate prices there are significantly more expensive. Coral Gables's median home cost is $846,100, which is $276,800 (32%) higher than South Miami. Rents there are a little more expensive. Coral Gables's median rent is $1,693 per month, which comes out to $355 (20%) higher than South Miami.
Coral Terrace
Coral Terrace is South Miami's neighbor to the north. Its real estate prices are significantly less expensive. The cost of the median home in Coral Terrace is $335,100, which works out to $234,200 (69%) lower than South Miami. The rent there is somewhat more expensive. Coral Terrace's median monthly rent is $1,487, which works out to $149 (10%) higher than South Miami.
Olympia Heights
Olympia Heights is roughly 2 miles northwest from South Miami. The housing prices there are substantially less expensive. The median home in Olympia Heights costs $348,500, which works out to $220,800 (63%) lower than South Miami. Rent there is somewhat more expensive. In Olympia Heights the median rent is $1,702 per month, which works out to $364 (21%) higher than South Miami.
Sunset
Sunset is about 3 miles west from South Miami. The real estate prices there are significantly less expensive. The median home in Sunset costs $388,800, which works out to $180,500 (46%) lower than South Miami. The rent there is somewhat more expensive. Sunset's median rent is $1,443 a month, which works out to $105 (7%) higher than South Miami.
