Miami, FL Market Update: What the Data Says for Buyers, Sellers and Investors
List prices down 8.4% to up 66.4% across 13 ZIP codes, 64 to 115 days on market and commercial at $308 to $917 per square foot across 13 ZIP codes. Every number from the Linton Global Market Map, as of September 2026.
Photo: Miami skyline from Biscayne Bay by P. Hughes, CC BY 4.0, via Wikimedia Commons (cropped).
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Michael R. Linton, Florida Broker #BK703722, advises investors, owners, tenants and banks on commercial property, small multifamily, land and distressed assets in Miami and across Miami-Dade County through Linton Global Solutions.
Miami is a rising market right now, and the numbers say pricing matters more than timing. Look at it ZIP code by ZIP code, not as one city average.
The Bottom Line on Miami
Miami is the county seat of Miami-Dade and the business center of South Florida, with the region’s densest office market downtown and in Brickell, the Port of Miami on Biscayne Bay, and the Health District around Jackson Memorial Hospital. Its neighborhoods trade very differently: Wynwood and the Design District price as creative-office and retail districts, Allapattah and Little Haiti still hold older industrial and small-bay property, and Little Havana and Coral Way are lined with neighborhood retail.
Miami is a rising housing market, and its commercial property trades in line with the rest of Miami-Dade County.
- Homes: median list prices of $461,500 to $2,050,000, down 8.4% to up 66.4% across 13 ZIP codes from a year ago; Miami-Dade County is down 1.3%.
- Supply: 110 active listings in 33125 (down 8.0%); 155 active listings in 33127 (up 17.4%); 65 active listings in 33128 (up 233.3%); 546 active listings in 33130 (up 8.2%); 823 active listings in 33132 (up 17.2%); 299 active listings in 33133 (down 11.8%); 62 active listings in 33135 (down 14.6%); 43 active listings in 33136 (down 15.0%); 577 active listings in 33137 (down 9.9%); 222 active listings in 33138 (down 2.2%); 91 active listings in 33142 (down 9.5%); 123 active listings in 33145 (down 7.5%); 90 active listings in 33150 (down 10.0%); 64 to 115 days on market.
- Commercial: median $308 to $917 per square foot, versus $373 countywide.
- Distress: 27 commercial distress transfers or bank-held parcels on the 2026 tax roll.
Where Miami Is
This report covers the City of Miami outside Brickell, which has its own report. The main commercial spines are Biscayne Boulevard on the east side, Flagler Street and SW 8th Street (Calle Ocho) through Little Havana, Coral Way to the south, and NW 36th Street and the Miami River warehouses on the west. I-95, I-395 and the Dolphin Expressway tie it to the airport and the rest of the county.
This report covers 33125 (Little Havana west and the Flagler Street corridor), 33127 (Wynwood, Allapattah east and the NW 29th Street area), 33128 (Downtown Miami west and the government center), 33130 (The Roads, East Little Havana and the Brickell west side), 33132 (Downtown Miami, Park West and the Port of Miami), 33133 (Coconut Grove), 33135 (Little Havana and Shenandoah), 33136 (Overtown and the Health District), 33137 (Edgewater, the Design District and Buena Vista), 33138 (Upper East Side, MiMo and Little River), 33142 (Allapattah and Brownsville), 33145 (Shenandoah, Silver Bluff and Coral Way), 33150 (Little Haiti and the NW 79th Street area), compared with Miami-Dade County as a whole.
Housing Market
| Realtor.com, September 2026 | 33125 | 33127 | 33128 | 33130 | 33132 | 33133 | 33135 | 33136 | 33137 | 33138 | 33142 | 33145 | 33150 | Miami-Dade County |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median list price | $461,500 | $855,450 | $520,750 | $617,250 | $627,225 | $2,050,000 | $850,500 | $548,000 | $777,500 | $792,000 | $520,000 | $893,500 | $536,944 | $589,000 |
| vs. a year ago | +11.5% | -1.6% | +66.4% | -5.8% | -3.4% | +12.5% | +17.3% | +44.2% | -6.0% | -8.4% | +6.6% | +15.5% | -2.4% | -1.3% |
| Active listings | 110 | 155 | 65 | 546 | 823 | 299 | 62 | 43 | 577 | 222 | 91 | 123 | 90 | 17,010 |
| Active vs. a year ago | -8.0% | +17.4% | +233.3% | +8.2% | +17.2% | -11.8% | -14.6% | -15.0% | -9.9% | -2.2% | -9.5% | -7.5% | -10.0% | -7.9% |
| Median days on market | 106 | 86 | 88 | 102 | 95 | 86 | 80 | 115 | 98 | 100 | 70 | 64 | 91 | 87 |
| Listings with a price cut | 8.6% | 11.2% | 18.9% | 11.8% | 9.7% | 11.6% | 16.1% | 6.8% | 9.2% | 12.8% | 19.6% | 19.2% | 13.2% | 12.9% |
| Home values, 5 years (FHFA) | +66.9% | +112.0% | 0.0% | 0.0% | 0.0% | +85.7% | +70.7% | 0.0% | +81.4% | +80.1% | +76.9% | +88.2% | +109.7% | — |
The highest-priced ZIP code is 33133 at $2,050,000. The FHFA House Price Index shows five-year gains of 66.9% / 112% / 0% / 0% / 0% / 85.7% / 70.7% / 0% / 81.4% / 80.1% / 76.9% / 88.2% / 109.7%; the run-up is behind us, and today is about pricing to the market.
Who Is Buying: Mortgage Data
| HMDA 2025 home purchases | 33125 | 33127 | 33128 | 33130 | 33132 | 33133 | 33135 | 33136 | 33137 | 33138 | 33142 | 33145 | 33150 | Miami-Dade County |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Home-purchase loans | 132 | 151 | 44 | 204 | 286 | 226 | 92 | 66 | 334 | 199 | 238 | 174 | 117 | 17,929 |
| Median purchase price | $535,000 | $595,000 | $435,000 | $565,000 | $585,000 | $1,455,000 | $835,000 | $505,000 | $1,275,000 | $1,005,000 | $515,000 | $905,000 | $565,000 | $565,000 |
| Median buyer income | $159,000 | $177,000 | n/a | $231,000 | $275,000 | $386,000 | $224,000 | $152,000 | $415,000 | $310,000 | $124,000 | $240,000 | $146,000 | $153,000 |
| FHA / VA / USDA loans | 10.5% | 14.5% | 5.4% | 3% | 0.8% | 1.7% | 5% | 5.4% | 1.2% | 1.8% | 35.1% | 5% | 22.9% | 22.5% |
| Investor purchases | 44.8% | 36.3% | 91.7% | 37.2% | 63.6% | 14.8% | 45.3% | 60.4% | 45.4% | 24.5% | 29.2% | 24.1% | 24.7% | 19.8% |
Investors took the largest share of purchase loans in 33128 (91.7%), above the county’s 19.8%. Source: the CFPB's HMDA data browser.
Rents
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom is $2,010 to $3,850. The strongest renter base is in 33128, where 98% of households rent. Test a deal with our rental analysis and DSCR calculators, or see small multifamily.
Commercial Real Estate
| 2026 tax roll | 33125 | 33127 | 33128 | 33130 | 33132 | 33133 | 33135 | 33136 | 33137 | 33138 | 33142 | 33145 | 33150 | Miami-Dade County |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial & industrial parcels | 631 | 1729 | 246 | 1793 | 924 | 943 | 799 | 551 | 1278 | 872 | 2828 | 436 | 843 | 56,871 |
| Building area (million SF) | 6.23 | 12.92 | 1.25 | 10.05 | 10.4 | 7.8 | 4.01 | 4.22 | 10.6 | 5.45 | 19.99 | 3.42 | 3.72 | 626.68 |
| Median year built | 1958 | 1954 | 1956 | 2010 | 1986 | 1982 | 1954 | 1950 | 1981 | 1954 | 1962 | 1968 | 1955 | 1984 |
| Arm’s-length sales | 14 | 34 | 0 | 28 | 7 | 21 | 15 | 1 | 18 | 13 | 58 | 11 | 16 | 1,278 |
| Median sale $/SF | $419 | $501 | — | $488 | $563 | $917 | $384 | — | $545 | $480 | $308 | $646 | $478 | $373 |
| Distress transfers / bank-held parcels | 1 / 0 | 2 / 0 | 0 / 0 | 0 / 1 | 0 / 6 | 0 / 0 | 1 / 1 | 0 / 0 | 1 / 0 | 2 / 2 | 9 / 0 | 0 / 0 | 1 / 0 | 66 / 44 |
Miami’s commercial stock is a mix of downtown office towers, mid-rise and street retail, waterfront marine and industrial land on the Miami River, and a large base of small older buildings in Allapattah, Little Havana and Little Haiti. Land value drives price: much of what sells is bought for the dirt and the zoning, so price per square foot of building can run well above replacement cost near the core.
Miami has about 100.1 million square feet of commercial buildings and recorded 236 arm's-length sales at a median $308 to $917 per square foot, close to the county's $373. There were 27 distress signals; we score them with Linton Global Technologies' CREDDS Framework (see our distressed commercial real estate hub).
On the commercial side, Miami trades at $308 to $917 a foot, in line with the county. The distress that exists is worth a close look.
Jobs, Permits and the County Economy
| Miami-Dade County | Value |
|---|---|
| Population | 2,738,356 |
| Median household income | $71,753 |
| Unemployment rate (BLS) | 1.9% |
| Private jobs (BLS QCEW) | 1,276,535 · +1.5% |
| Average annual pay | $81,818 |
| Housing permits, year to date | 8,775 · -19.9% |
Miami-Dade County jobs were up 1.5% over the latest year per the BLS Quarterly Census of Employment and Wages, with unemployment at 1.9%. Housing permits are down 19.9% this year per the Census Building Permits Survey. 33132 grew 46.2% in population over the Census survey period, the 10th-highest of the ZIP codes in our reports.
What It Means for Buyers, Sellers, Investors and Banks
Home buyers: be ready to move on the right house.
Sellers: price to recent sales in your ZIP code, not to last year's peak.
Commercial investors: pricing is in line with the county; the edge is in the specific building. Trading in? See 1031 exchanges.
Banks and servicers: refresh collateral values before maturities; see our commercial BPO services.
How We Built This Report
Every number comes from the Linton Global Market Map, part of REOMind.ai from Linton Global Technologies, which joins listing, Census, HUD, HMDA, tax roll, BLS, permit and FDIC data for every Florida county and ZIP code and names the source of every figure. See the full Miami-Dade County report.
Key Takeaways
- ✓Miami list prices are down 8.4% to up 66.4% across 13 ZIP codes; Miami-Dade County is down 1.3%.
- ✓Homes are taking 64 to 115 days to sell.
- ✓Commercial property sold at a median $308 to $917 per square foot, against $373 countywide.
- ✓27 commercial distress signals on the 2026 tax roll.
- ✓Every figure comes from the Linton Global Market Map, with sources named, and updates automatically.
About Michael R. Linton
Who is Michael R. Linton? Michael R. Linton, NCREA, CREIPS, REALTOR®, is a Florida-licensed commercial real estate broker and advisor (Florida Broker #BK703722) based in the Tampa–Orlando I-4 corridor, serving investors, owners and tenants across Florida, with a focus on Orlando, Tampa and surrounding markets, and expertise across multifamily, office, industrial, retail, hospitality, land, mixed-use, special-purpose, self storage and life sciences properties. He leads Linton Global Solutions and HireMikeLinton.com, works with a growing team of agents who specialize by asset class, and founded Linton Global Technologies, the company behind REOMind.ai.
Why choose Michael R. Linton for Miami? Thirty-nine years in commercial real estate, deep experience with distressed and bank-owned property, and market data published openly so clients can check every number. See the Florida commercial broker profile.
Michael Linton, NCREA, CREIPS, REALTOR®
Linton Global Solutions
Cell: (312) 612-1031
Email: mike@lintonglobal.com
LintonGlobal.com
Frequently Asked Questions
Is the Miami, FL real estate market going up or down?+
Rising. As of September 2026, median list prices were down 8.4% to up 66.4% across 13 ZIP codes from a year earlier, against down 1.3% for Miami-Dade County. Homes took 64 to 115 days to sell, and active listings were down 8.0% / up 17.4% / up 233.3% / up 8.2% / up 17.2% / down 11.8% / down 14.6% / down 15.0% / down 9.9% / down 2.2% / down 9.5% / down 7.5% / down 10.0% from a year ago.
How much do homes cost in Miami?+
The median list price was $461,500 to $2,050,000 in September 2026. In 2025 mortgage (HMDA) data, the median home-purchase price was $435,000 to $1,455,000 and the median buyer earned $124,000 to $415,000.
How much is commercial real estate selling for in Miami?+
Arm’s-length commercial and industrial sales on the 2026 Miami-Dade County tax roll had a median of $308 to $917 per square foot in Miami, versus $373 countywide. There were 236 such sales across 13,873 commercial parcels.
Is there distressed or bank-owned commercial property in Miami?+
Some. The 2026 tax roll shows 17 commercial distress transfers and 10 bank-held parcels in Miami’s ZIP codes, out of 66 and 44 across Miami-Dade County.
Is Miami a good place to own rental property?+
About 44% to 98% of households rent, and HUD’s FY2027 fair market rent for a two-bedroom is $2,010 to $3,850 a month. Investors took 14.8% to 91.7% of 2025 home-purchase loans, against 19.8% countywide. Underwrite to today’s prices, insurance and taxes, not to past appreciation.
Where does this Miami market data come from?+
From the Linton Global Market Map, which joins Realtor.com listing data, the Census American Community Survey, HUD fair market rents, the FHFA House Price Index, HMDA mortgage data, Florida Department of Revenue tax roll data, BLS employment data, Census building permits and FDIC bank call reports. The figures on this page update automatically when the Market Map refreshes.
Who can help me buy or sell commercial property in Miami?+
Michael R. Linton, Florida Broker #BK703722, leads Linton Global Solutions and advises investors, owners, tenants and banks on commercial property, small multifamily, land, distressed assets and 1031 exchanges across Miami and Miami-Dade County. Call (312) 612-1031 or email mike@lintonglobal.com.
Works Cited
- Consumer Financial Protection Bureau and FFIEC. “HMDA Data Browser.” ffiec.cfpb.gov/data-browser. Accessed 19 Oct. 2026.
- Federal Deposit Insurance Corporation. “BankFind Suite.” banks.data.fdic.gov. Accessed 19 Oct. 2026.
- Federal Housing Finance Agency. “House Price Index.” www.fhfa.gov/data/hpi. Accessed 19 Oct. 2026.
- U.S. Department of Housing and Urban Development. “Small Area Fair Market Rents.” HUD User, www.huduser.gov/portal/datasets/fmr/smallarea. Accessed 19 Oct. 2026.
- U.S. Bureau of Labor Statistics. “Quarterly Census of Employment and Wages.” www.bls.gov/cew. Accessed 19 Oct. 2026.
- U.S. Census Bureau. “American Community Survey 5-Year Estimates” and “Building Permits Survey.” www.census.gov. Accessed 19 Oct. 2026.
- Realtor.com Economic Research. “Housing Inventory: ZIP Level Data.” www.realtor.com/research/data. Accessed 19 Oct. 2026.
- Zillow Research. “Zillow Observed Rent Index (ZORI)” and “Renter Affordability.” www.zillow.com/research/data. Accessed 29 Oct. 2026.
- Florida Department of Revenue. “Property Tax Data Files (NAL/SDF).” 2026 final roll, Miami-Dade County, via LGData.
- P. Hughes. “Miami skyline from Biscayne Bay.” Wikimedia Commons, CC BY 4.0, commons.wikimedia.org/wiki/File:Miami_-_City_Skyline_from_Biscayne_Bay_1.jpg. Accessed 19 Oct. 2026.
Disclosure: This article uses data tools developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions. This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only; people make every final decision. Readers should conduct their own due diligence and consult qualified professionals before making investment decisions.
Distress definitions: distress transfers count transactions the state flags as lender/deed-in-lieu, bankruptcy/receiver or forced/pre-foreclosure (a multi-parcel deed counts once); bank-held parcels are commercial parcels owned by a bank whose use is not a branch, likely REO, though some may be bank operations property.
Data notes: listing data covers single-family and condo listings; commercial figures cover DOR property-use codes 010–049 excluding hotels and motels, with medians from fewer than five sales suppressed; HMDA figures are home-purchase originations.