Miami home prices by neighborhood vary enormously, from under $300K for a condo in Hialeah to more than $20M on the Beach islands. Use these ranges to see what is realistic in each area before you begin searching.
At a glance
- Price per square foot is the best way to compare areas: roughly $250 to $400 in Kendall, $550 to $900 in Brickell and $900 to $2,000+ in prime waterfront.
- Condo and single-family prices differ by 40% to 60% in the same area.
- New construction usually adds a 10% to 25% premium over resale.
- Ranges below are indicative; confirm current numbers for your target address.
Price ranges: property type, price and where to look
| Segment / property type | Typical price range | Where to look |
|---|---|---|
| Kendall / West Kendall | $350K – $1.2M | Townhomes, condos and family homes |
| Doral | $400K – $1.5M | Gated townhomes and homes |
| Brickell / Downtown | $300K – $5M | Condos |
| Coral Gables | $900K – $10M+ | Single-family |
| Coconut Grove | $1.5M – $20M+ | Single-family and condos |
| Miami Beach | $350K – $50M+ | Condos and island estates |
| Aventura / Sunny Isles | $250K – $6M | Condos and some homes |
Neighborhoods, schools, transport, safety and lifestyle
- Entry areas
- Hialeah, Miami Gardens and Homestead remain the most accessible.
- Mid-market
- Kendall, Doral and North Miami offer the broadest middle segment.
- Premium
- Coral Gables, Pinecrest and Coconut Grove carry premium pricing.
- Ultra-prime
- Star Island, Indian Creek and Bal Harbour exceed $10M regularly.
- Rule of thumb
- Waterfront usually costs 30% to 100% more than inland.
How to read price per square foot
Divide the price by the interior living area, not the lot. Compare similar types and ages. A $300 per square foot house may be a better value than a $250 condo once HOA is included.
Appreciation and risk
Neighborhoods with limited land and strong schools tend to hold value; those with oversupply or high insurance costs can be flatter.
Buyer checklist: from budget to closing
- Set your budget. Define a monthly ceiling that includes taxes, insurance and HOA, and the cash you will bring to closing.
- Get pre-approved. Compare at least three lenders and obtain a written pre-approval before touring.
- Choose your agent. Work with a local buyer's agent who knows pricing, flood zones and building rules.
- Make a data-backed offer. Base the offer on recent comparable sales, days on market and condition.
- Inspect everything. Order a general inspection plus roof, 4-point, wind mitigation, pool or marine inspections as needed.
- Insure the property. Request homeowners, wind and flood quotes before the inspection period ends.
- Close with confidence. Review the title, final walk-through and closing disclosure; wire funds only after verifying instructions by phone.
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Frequently asked questions
What is the cheapest area to buy in Miami?
Hialeah, Miami Gardens, North Miami and Homestead are among the most accessible.
What is the most expensive area?
The Miami Beach islands, Bal Harbour and bayfront Coconut Grove.
How is price per square foot calculated?
Sale price divided by the interior living area.
Do condos cost less than houses?
Generally yes, but HOA fees can narrow the gap.
Where can I find the exact price for my area?
Ask for recent comparable sales; they reflect your street and property type.
Related guides
Prices and figures on this page are indicative ranges for planning and change with the market, interest rates, insurance and building rules. They are not an offer, legal, tax or financial advice. Confirm current numbers with your agent, lender and advisors.