The median home in Miami was valued at $598,200 in 2024. Home prices across the metro area have moved since, and carried forward by the FHFA index, that's about $634,000 as of 2026 Q2. Projected forward, it would be about $642,000 in 2027 and $932,000 in 2031. The first 2 years follow the metro index's change over the past year (+1.3%); later years use its 2020–2025 average (+12.8% a year).
Miami home values by year
| Year | Median home value | Basis |
|---|---|---|
| 2026 Q2 (estimate) | $634,000 | ACS 2024 value × FHFA index change |
| 2027 (projected) | $642,000 | +1.3% (past year) |
| 2028 (projected) | $650,000 | +1.3% (past year) |
| 2031 (projected) | $932,000 | +12.8% (2020–2025 average) |
Median home value in Miami, from the Census
| Year | Median home value |
|---|---|
| 2019 | $358,500 |
| 2023 | $587,400 |
| 2024 | $598,200 |
Read this with care
The Census value is owners' own estimate, and the FHFA index covers the whole metro area (Miami-Miami Beach-Kendall, FL (MSAD)), not Miami alone. Moving a 2024 city median forward by a metro index is an estimate, and the projection carries two trends forward; it isn't a call on the next turn. For a specific ZIP code, use Predictye Property.
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024) forMiami (Miami city, Florida); medians are shown only when their margin of error is within 10%. FHFA all-transactions house price index for Miami-Miami Beach-Kendall, FL (MSAD), through 2026Q2. How Predictye calculates this.
Frequently asked questions
What will homes in Miami, FL be worth in 2027?
A home at the city's median would be worth about $642,000 in 2027, starting from an estimated $634,000 in 2026 Q2. The first 2 years follow the metro index's change over the past year (+1.3%); later years use its 2020–2025 average (+12.8% a year).
What is the median home value in Miami, FL?
$598,200 in 2024, from the Census Bureau's American Community Survey. It's owners' estimate of their home's value.
Are home prices in Miami, FL going up or down?
Across Miami-Miami Beach-Kendall, FL (MSAD), the FHFA house price index moved +1.3% over the year to 2026 Q2, and averaged +12.8% a year from 2020 to 2025.