Counties / Florida / Miami-Dade County

Miami-Dade County, FL

FIPS 12086 · population 2,738,356 · part of Miami, FL

$523k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$523k
▼ 1.6% year over year
Zillow ZHVI · direct
Median asking rent
$2,886
▲ 0.4% year over year
Zillow ZORI · direct
Gross yield
6.6%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$2,436
market rent is 1.19x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

The annual signals disagree
FHFA five-year cumulative+79.5%not annualized · through 2025
0%ZILLOW ZHVI2026-06−1.6%FHFA HPI2025+2.8%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$463k
Surveyed gross rent$1,829
Rent burden 30%+64.4%
Median year built1980
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
10.9%vacant
1,094,983estimated housing units
Occupied tenure47.8% renter
owner 52.2%renter 47.8%
Structure mix48.7% single-family
Single-family 48.7%20+ units 33.8%Mobile home 1.3%Other 16.2%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs1,275,448▲ 1.4% from the prior annual release
Covered establishments122,913annual average reporting locations
Average weekly wage$1,573▲ 5.4% from the prior annual release
Largest private supersectorTrade, transportation, and utilities27.4% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.4%WEEKLY WAGE+5.4%Trade, transportation, and utilities27.4%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Miami-Dade presents a carry-versus-entry tension: investors can investigate a published income screen, while buyers requiring durable net income or quick resale evidence should be cautious. Zillow’s county observation for 2026-06 places median home value at $522,601, down 1.59% year over year; published median asking rent is $2,886 per month, producing a stated 6.63% gross yield before costs. The rent measure is asking rent, not a lease execution or sale result.

02Housing economics

HUD’s two-bedroom FMR is $2,436, but it is a payment standard rather than an asking-rent estimate and cannot replace market rent in a yield calculation. The effective property-tax rate is 0.81%, with median annual property tax of $3,744, making taxes a direct carrying-cost input against the gross yield. Hurricane is the dominant hazard, and the modeled expected annual building-value loss ratio is 0.19%. Insurance, flood, wind-mitigation, and condominium or HOA costs are not published, preventing a net operating cash-flow conclusion.

03Demand & competition

Realtor.com’s 2026-06 MLS listing market had median asking prices down 2.72% and 12.24% of active listings carrying a price reduction. These are seller-concession signals, but neither is a closed-sale price nor proof of buyer demand. Tax-return movements show departures exceeded arrivals, although inbound movers’ average AGI was $50,093 higher than outbound movers’. Nonoccupant investors accounted for 16.99% of 19,558 purchase mortgages, showing investor presence but not their pricing power or rental intent. Annual QCEW reports covered workplace employment and wage gains; trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy or resident employment.

04Risk & next checks

FHFA’s 2025 repeat-transaction HPI reports appreciation, while Zillow’s later county home-value observation declines; the measures use different methods and vintages and cannot be averaged into one appreciation rate. That disagreement limits a single county price-trend conclusion. Next checks are neighborhood closed-sales comparables, executed leases, vacancy and turnover, property-specific insurance quotes, flood exposure, financing terms, and condominium or HOA assessments. Their absence prevents defensible conclusions on resale liquidity, property condition, and net cash flow.

Cities & communities

Where people live within Miami-Dade County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Miami city459.7KHialeah city226.2KMiami Gardens city113.2KHomestead city82.8KMiami Beach city82KKendall CDP79.6KDoral city79.2KNorth Miami city60.3K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

70 Census places

Population
  1. 01
    Miami cityIncorporated place
    459,745
  2. 02
    Hialeah cityIncorporated place
    226,165
  3. 03
    Miami Gardens cityIncorporated place
    113,177
  4. 04
    Homestead cityIncorporated place
    82,807
  5. 05
    Miami Beach cityIncorporated place
    82,031
  6. 06
    Kendall CDPCensus-designated place
    79,562
  7. 07
    Doral cityIncorporated place
    79,216
  8. 08
    North Miami cityIncorporated place
    60,344
  9. 09
    The Hammocks CDPCensus-designated place
    58,838
  10. 10
    Fountainebleau CDPCensus-designated place
    55,665
  11. 11
    Kendale Lakes CDPCensus-designated place
    52,622
  12. 12
    Westchester CDPCensus-designated place
    52,032
Show 58 more places
  1. 13
    Country Club CDPCensus-designated place
    51,296
  2. 14
    Coral Gables cityIncorporated place
    49,802
  3. 15
    Tamiami CDPCensus-designated place
    49,752
  4. 16
    Cutler Bay townIncorporated place
    45,070
  5. 17
    North Miami Beach cityIncorporated place
    43,898
  6. 18
    Princeton CDPCensus-designated place
    42,625
  7. 19
    Aventura cityIncorporated place
    39,885
  8. 20
    South Miami Heights CDPCensus-designated place
    38,766
  9. 21
    Kendall West CDPCensus-designated place
    35,912
  10. 22
    Richmond West CDPCensus-designated place
    35,593
  11. 23
    Biscayne Gardens CDPCensus-designated place
    35,472
  12. 24
    West Little River CDPCensus-designated place
    33,890
  13. 25
    Miami Lakes townIncorporated place
    31,553
  14. 26
    Ives Estates CDPCensus-designated place
    28,506
  15. 27
    Leisure City CDPCensus-designated place
    27,808
  16. 28
    Coral Terrace CDPCensus-designated place
    24,895
  17. 29
    Palmetto Bay villageIncorporated place
    24,639
  18. 30
    The Crossings CDPCensus-designated place
    22,963
  19. 31
    Hialeah Gardens cityIncorporated place
    22,915
  20. 32
    Sunny Isles Beach cityIncorporated place
    22,437
  21. 33
    Sweetwater cityIncorporated place
    20,085
  22. 34
    Glenvar Heights CDPCensus-designated place
    19,395
  23. 35
    Country Walk CDPCensus-designated place
    19,291
  24. 36
    Ojus CDPCensus-designated place
    19,198
  25. 37
    Pinecrest villageIncorporated place
    18,462
  26. 38
    Pinewood CDPCensus-designated place
    18,114
  27. 39
    Brownsville CDPCensus-designated place
    16,936
  28. 40
    Three Lakes CDPCensus-designated place
    16,888
  29. 41
    Gladeview CDPCensus-designated place
    16,655
  30. 42
    Opa-locka cityIncorporated place
    16,282
  31. 43
    Palmetto Estates CDPCensus-designated place
    16,129
  32. 44
    Naranja CDPCensus-designated place
    15,796
  33. 45
    Key Biscayne villageIncorporated place
    14,791
  34. 46
    Goulds CDPCensus-designated place
    14,425
  35. 47
    Miami Springs cityIncorporated place
    13,726
  36. 48
    Sunset CDPCensus-designated place
    13,535
  37. 49
    Florida City cityIncorporated place
    12,943
  38. 50
    Olympia Heights CDPCensus-designated place
    12,399
  39. 51
    South Miami cityIncorporated place
    12,277
  40. 52
    Westview CDPCensus-designated place
    12,107
  41. 53
    Miami Shores villageIncorporated place
    11,752
  42. 54
    West Perrine CDPCensus-designated place
    11,162
  43. 55
    Westwood Lakes CDPCensus-designated place
    10,553
  44. 56
    Richmond Heights CDPCensus-designated place
    9,992
  45. 57
    North Bay Village cityIncorporated place
    8,118
  46. 58
    West Miami cityIncorporated place
    7,162
  47. 59
    Bay Harbor Islands townIncorporated place
    5,847
  48. 60
    Surfside townIncorporated place
    5,631
  49. 61
    Palm Springs North CDPCensus-designated place
    5,410
  50. 62
    Biscayne Park villageIncorporated place
    3,085
  51. 63
    Bal Harbour villageIncorporated place
    3,055
  52. 64
    Virginia Gardens villageIncorporated place
    2,423
  53. 65
    El Portal villageIncorporated place
    1,809
  54. 66
    Homestead Base CDPCensus-designated place
    1,125
  55. 67
    Fisher Island CDPCensus-designated place
    1,026
  56. 68
    Medley townIncorporated place
    988
  57. 69
    Golden Beach townIncorporated place
    691
  58. 70
    Indian Creek villageIncorporated place
    39

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardhurricane

0.185% of building value expected lost per year

Effective property tax0.81%

$3,744 median annual bill

02
DemandIRS SOI household flows
Net migration-21,179

42,843 in · 64,022 out

Arriving vs leaving income+$50,093

$127,902 arriving · $77,809 leaving

03
CompetitionHMDA financed purchases
Purchases by investors17.0%

3,323 of 19,558 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings17,024▼ 12.4% year over year
Median days on market86▼ 0.6% year over year
Listings price-reduced12.2%seller-concession signal
Median listing pricen/a▼ 2.7% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Miami, FL

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Miami-Dade County2,738,356$523k$2,8866.6%hurricane
Broward County1,977,129$424k$2,5177.1%inland flooding
Palm Beach County1,533,806$473k$2,6626.8%hurricane
Bear case

What can break the county thesis

  1. Unpublished insurance, flood, wind, and association costs could make the gross yield unusable as a net-cash-flow measure.
  2. MLS listing-market evidence may not translate into closed-sale liquidity or values.
  3. Outward tax-return migration could weaken demand despite higher average income among inbound movers.
Underwriting questions

Before pricing a property

Is the stated gross yield based on HUD Fair Market Rent?

No. The record identifies market asking rent as the rent measure and labels HUD two-bedroom FMR as a payment standard.

Do the Realtor.com figures prove buyer demand or closed-sale pricing?

No. They are MLS listing-market measures of asking prices, visible supply, marketing time, and price reductions.

Does the QCEW evidence describe resident employment?

No. It measures annual covered employment at workplaces located in the county and average wages for covered workers.