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Homes For Sale In Miami, FL
Incorporated as a city in 1896, Miami, FL, has grown into a thriving metropolitan area with over 456K residents. If you are looking at real estate in Florida, Miami is on the southeast coast of the state and it’s an economically and culturally robust city to settle in. Homes for sale in Miami, FL, come in all sizes, shapes, and prices, FL, and are popular among people of all walks of life, including families, young professionals, and retirees.
Real Estate Market in Miami, FL
Homes For Sale in Miami, Florida
Miami, FL, homes for sale list for a median price of $564K but have been selling below the list price for a median sale price of $480K. Like most Florida cities, Miami real estate is likely to be high-valued for potential homebuyers, so knowing pricing for the area ahead of time and working with an experienced local real estate agent is important.
Within the Miami Metropolitan Area, homes for sale in Miami are going to be priced higher than in the surrounding suburbs. Miami is a bustling urban city offering prime access to nightlife, shopping, and beaches for younger demographics. Families and seniors can find quieter corners, though, so if that is what you are looking for you can find single-family, suburban homes for sale in Miami while still staying close to downtown.
Miami has seen a steady increase in the demand for housing, so there is a healthy mix of older established neighborhoods and new construction developments to meet the demand. Keep in mind when looking at houses for sale in Miami, the average monthly homeownership costs are approximately $2.7K a month. The typical single-family home in Miami is going to be a decent size, as most have two to four bedrooms with an average of 2,000 square feet of space.
Neighborhoods in Miami, Florida
Coconut Grove
Located east of the lovely city of Coral Gables, on the southeast side of Miami, Coconut Grove is the oldest continuously inhabited neighborhood in The Magic City- it has been occupied since 1873. A Miami home for sale in Coconut Grove costs around $1.5M.
Morningside
Homes in Morningside were built in the style of the Mediterranean Revival. It is a historic district and was named so in 1984. The average sale price of a home for sale in Morningside is around $1.6M.
Wynwood
If you are into fashion, pop culture, and a thriving community, Wynwood is the neighborhood for you. Wynwood is known as the garment district and is home to Art Block Parties and is full of restaurants, boutiques, and more. The median sale price for Wynwood homes for sale is $620K.
Key Biscayne
At only 1.3 miles of land, Key Biscayne is a quiet, affluent island in the Miami area. Key Biscayne is a family-oriented, sea-centered community with great amenities, recreation, and schools within its boundaries. The homes for sale in Key Biscayne are mostly Plantation style and there are also condos for sale starting at $300K.
Brickell
Just south of the historic business district of Miami, Brickell is considered part of Miami’s financial district. Even though this is a neighborhood that favors condo living, there are single-family homes in Brickell starting at around $500K and increasing from there.
Miami, FL Schools
Miami, FL, is home to award-winning schools, including some of the top schools in the country. Miami’s public schools fall under the jurisdiction of the Miami-Dade Public School District. The Miami-Dade Public School District is the fourth-largest public school district in the US, serving over 350K students.
Miami is known for its plethora of magnet schools and has received more National Magnet Merit Awards than any other District in the US. Miami-Dade County Public Schools received a total of 75 awards in 2022. In addition, the School District has been an A-rate District for three years running. Here’s a brief list of some of the best schools near the homes for sale in Miami:
Elementary And Middle Schools In Miami, Florida
- Doral Academy of Technology
- Henry West Laboratory School
- Coconut Grove Elementary School
- Arvida Middle School
High Schools In Miami, Florida
- Coral Reef Senior High
- Barbara Goleman Senior High
- Miami Arts Studio
Private Schools In Miami, Florida
- Allison Academy School
- Gulliver Schools
- Monsignor Edward Pace High School
- Ransom Everglades Schools
- Riviera Schools
Secondary Education In Miami, Florida
In addition to K-12 educational institutions, Miami is home to several well-known and top-tier universities.
- University of Miami
- Florida International University
- Miami Dade College
- St. Thomas University
- Florida Memorial University
Frequently Asked Questions About Miami, FL Real Estate
What Is The Zip Code For Miami, Florida?
Miami, FL, is a huge city and is made up of over 85 zip codes. Not all of these zip codes are residential, but the sheer number is still impressive and may feel overwhelming. Some of the top zip codes for homes for sale in Miami include:
Where Is The Nearest Commercial Airport In Miami, Florida?
The main airport for Miami, FL, is the Miami International Airport (MIA), with over 45 million passengers per year. Miami International Airport is the largest American Airlines hub in the United States.
Located 30 miles north of Miami is the Fort Lauderdale-Hollywood International Airport (FLL). If neither of these airports is convenient for you, check out the Palm Beach International Airport (PBI) located 71 miles north of Miami, in West Palm Beach. If you are looking for a small unincorporated airport, you have the choice of the Miami-Opa Locka Executive Airport and the Miami Executive Airport.
What County Is Miami, FL, in?
Miami, FL, is the county seat and largest city in Miami-Dade County. Miami-Dade County is 1946 square miles and is home to over 6.2 million residents as of the 2020 census.
How Far Is Miami, FL, From Other Popular Florida cities?
- Fort Lauderdale is 29 miles northeast via I-95
- West Palm Beach is 71 miles northeast via I-95
- Key West is 164 miles southwest via US-1 N
- Fort Myers 157 miles northwest via I-75
- Orlando is 235 miles north via the Florida Turnpike
- Tampa is 280 miles northwest via I-75
What Is Miami, FL, Known For?
Miami is known for many things! A huge food diversity, fashion, gorgeous beaches, and a constantly thriving nightlife. Miami is often thought of as a paradise for retirees, too. But Miami is also a great place to buy a home. The city has a wide range of homes for sale, from luxury condos to waterfront villas. And with its strong economy and growing population, Miami is an excellent investment for those looking to purchase a property.
Things to Do in Miami, FL
Vizcaya Museum and Gardens
Built in 1914, the extensive gardens and museum grounds are beautiful and cover 43 acres. They have been the site of several movie film sets as well. The museum is full of art pieces and other artifacts from many different locations across the globe.
Wynwood Walls
An Urban Graffiti Art Museum. The museum is mostly out of doors and is fully dedicated to the modern art of graffiti.
Ancient Spanish Monastery
This 12th-century monastery, the Monastery of St. Bernard de Clairvaux was moved from Spain to New York in 1925 and then moved to Miami in 1964.
Zoo Miami
The Miami-Dade Zoological Park and Gardens is near Miami and was established in 1980. The Zoo is home to over 3,000 animals on 750 acres.
Living in Miami, FL
Cost of Living in Miami, Florida
Miami, FL, has a cost of living 14% higher than the national average. The main drive behind this is the cost of housing. However, remember Florida has a 0% income tax which may make a difference when setting a budget for a new home.
Healthcare in Miami, Florida
Homes for sale in Miami are often located close to hospitals and other medical facilities, making it easy to get the care you need. There are four big hospitals to choose from in Miami:
- Baptist Hospital
- University of Miami Hospital
- Jackson Memorial Hospital
- HCA Florida Mercy Hospital
Weather in Miami, Florida
Miami homes for sale are located in an area with beautiful, tropical weather. Residents can expect 250 days of sun a year. Summer highs are in the low to mid-90s, and winters rarely drop below 65! Summers are hot and humid, with a risk of hurricanes from June to November.
Sports in Miami, Florida
If you love sports, you will never be without entertainment if you move to a home for sale in Miami. Miami, FL, is home to a sports team from almost every major league sport.
● Miami Dolphins- NFL and play at the Hard Rock Stadium
● Miami Marlins - MLB and play at the LoanDepot Park
● Miami Heat- NBA and play at FTX Arena
● Inter Miami CF - MLS and currently having a stadium built
Job Market in Miami, FL
Many residents in Miami homes for sale think of the city as a tourist town, but the diversity of the economy and job market is steadily growing. There is a 0% income tax in Florida, a big perk of living and working there. The median household income for Miami, FL, is $30,858.
In addition to tourism driving the city’s economy, the industrial and technology sectors are growing! Both the fashion industry and the education sector are large employers. American Airlines has its biggest hub at Miami International Airport, employing a generous number of people.
Transportation in Miami, FL
As a whole, Miami, FL, residents rely on cars to commute into the city, and despite this, 18% of Miami households do not have a car. When navigating the city, the major interstates integrate into the grid system Miami was developed on. The following are the main interstates and highways in and out of Miami:
- I-75, I-95, I-95, and I-395
- US Route 1, US Route 27, US Route 41, and US Route 441
Like many Florida cities, Miami has several causeways to help cross waterways and large bodies of water. The main causeways in Miami are:
- Rickenbacker - connects Brickell and Key Biscayne
- Venetian - connects Downtown and South Beach
- MacArthur - connects Downtown and South Beach
- Julia Tuttle - connects Wynwood and Miami Beach
- 79th Street - Upper East Side and North Beach
- Broad - connects North Miami and Bal Harbour
Public transportation options in Miami are relatively extensive and make the city very walkable, particularly in the downtown area. Miami-Dade Transit and SFRTA manage Tri-Rail (commuter rail), Metrorail (rapid transit), Metromover (elevated commuter rail), and Metrobus (standard city buses).