What is the median home price in Miami?

The median home price in Miami, FL is currently in the $565k – $645k range (data as of 2026-04). For fix-and-flip investors, distressed acquisition typically runs 65–80% of median, depending on submarket and condition.

What is a good cap rate in Miami?

Stabilized rental cap rates in Miami, FL typically fall in the 4.5% – 6.0% range as of 2026-04. Higher cap rates are common in older / B-tier submarkets, lower in A-tier neighborhoods with strong appreciation.

What is the average days on market in Miami?

Days on market in Miami, FL currently runs 42 – 60 days (data as of 2026-04). Faster DOM favors Fix & Flip exits; slower DOM (60+ days) usually pushes operators toward BRRRR or rental hold.

What is the average rent in Miami?

Median rent in Miami, FL is $2,500 – $3,200 / mo as of 2026-04. The most relevant rental benchmark for BRRRR is the 1% rule (monthly rent ≥ 1% of all-in cost) — verify against submarket-specific rent comps before underwriting.

Market · FL · 2026 data

Fix and Flip in Miami, FL

International-buyer driven; hot retail flip market; insurance-heavy.

Miami market thesis

Miami is an international-capital-driven market — Latin American capital underwrites a buyer floor unmatched by any other US metro. Fix & Flip works in B-tier suburban submarkets (Hialeah, Kendall) but the insurance + flood + reciprocal-wind picture is now the dominant operational risk.

Key metrics

$565k – $645k

Median home price

DealIntel · 2026-04

$2,500 – $3,200 / mo

Median rent

DealIntel · 2026-04

42 – 60 days

Days on market (median)

DealIntel · 2026-04

4.5% – 6.0%

Stabilized cap rate range

DealIntel · 2026-04

$70 – $135

Typical rehab cost / sqft

DealIntel · 2026-04

+45% to +58%

5-year appreciation

DealIntel · 2026-04

+1.0% / yr

Population growth (annual)

BLS · 2026-04

Top investor neighborhoods in Miami

Little HavanaGentrification path, mid-rehab BRRRR
AllapattahSub-$400k entry, multi-unit conversion
KendallSuburban family-buyer flip
HialeahMid-tier flip, retail-buyer demand
WestchesterMid-tier flip

Best strategies for Miami

Of DealIntel's six underwritten strategies, the following rank best-fit-first for Miami, FL. Every property in the platform is scored against all six paths in parallel; these are the ones that consistently produce the highest risk-adjusted return in this market.

Tailwinds — what's working in Miami

International capital persistent
No Florida income tax
Population growth despite insurance pressure

Kill flags — common ways Miami deals fail

Florida insurance crisis — $4-8k/yr premiums common
FEMA flood zone exposure — verify before close
Reciprocal wind requirements add $15-30k to rehab budgets
Pre-1992 condo / townhouse 40-year recertification costs

DealIntel's 25-point kill list catches these and 20+ others on every property — see the platform overview for how the kill list runs before strategy evaluation begins.

ADU and multi-unit regulation in Miami

Miami-Dade permits ADUs in most R-zones. Florida state law (SB 102, Live Local Act) preempts some local zoning. Verify flood zone designation before every underwrite.

For state-by-state ADU and middle-housing regulatory background, see the ADU strategy guide and the multi-unit conversion guide.

Underwrite a deal in this market

Run a free ARV, MAO, or BRRRR calculation on a Miami property using the calculators below. For full kill-list + six-strategy evaluation + Investment Memorandum PDF, see pricing — pay-per-deal from $149.

ARV calculatorConfidence-weighted comp method MAO (70% rule) calculatorMaximum allowable offer math BRRRR calculatorFull Buy-Rehab-Rent-Refi-Repeat model Cap rate calculatorNOI / value with asset-class ranges

Nearby markets and related guides

Reviewed by

DealIntel Research

Underwriting and Real Estate Research Team

DealIntel's underwriting team builds and maintains the platform's six-strategy engine, 25-point kill list, and Monte-Carlo financial model. Every piece of long-form content on dealintel.io is reviewed by an underwriter with direct experience scoring residential investment deals.

Last reviewed: 2026-04