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

Written by

Matt Abadi

Founder, DealIntel

Matt Abadi is the founder of DealIntel. He leads the development of the platform's six-strategy underwriting engine, 25-point Kill List, and Monte-Carlo financial model — the institutional analysis stack DealIntel applies to every fix and flip deal. DealIntel was founded in 2025 with the central thesis that knowing when not to invest is the most valuable number on the page.

Last reviewed: 2026-04