Housing in South Miami, FL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,550,000
Median List Price
$825,450
Price Per Sq Ft
$829
Days on Market
39
Active Inventory
56
Months of Supply
4.3
Balanced market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
7.7%
Off Market in 2 Weeks
30.0%
Sale-to-List Ratio
95.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
13
New Listings
14
Pending Sales
10
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$829
Median List $/SF
$528
South Miami vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. South Miami is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$736,900
Median Rent
$1,700
Total Housing Units
5,164
Vacancy Rate
8.4%
Owner Occupied
59.4%
Renter Occupied
40.6%
Median Property Tax
$4,826
per year
Monthly Cost (w/ Mortgage)
$2,201
Housing Types
The current median sale price in South Miami, FL is $1,550,000 according to Redfin data. Homes spend a median of 39 days on the market. 7.7% of homes sold above asking price. The market has 4.3 months of supply. The median price per square foot is $829. The median rent is $1,700 per month (Census ACS). About 59.4% of housing units are owner-occupied. The median year homes were built is 1966. There are 5,164 total housing units.