None of the 30 tracked Miami ZIPs shows rent re-acceleration in the latest snapshot, which is what softening looks like in the data. 0 of 30 ZIPs (0%) show faster rent growth. Across tracked ZIPs the typical home value runs from $303,717 in 33126 to $1,505,935 in 33122 — a factor of 5.0. New-construction sales changed -29.65% year over year.
Key stats
- Across tracked ZIPs the typical home value runs from $303,717 in 33126 to $1,505,935 in 33122 — a factor of 5.0.
- The median tracked ZIP records about 69 pending homes per 100 new listings.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 18.3.
- 0 of 30 ZIPs (0%) show faster rent growth.
- New-construction sales changed -29.65% year over year.
- Tracked ZIP markets
- 30
- Median ZIP home value
- $606,807
- Median ZIP rent
- $2,761
- rent acceleration share
- 0 of 30 ZIPs (0%) show faster rent growth.
- housing cost spread
- Across tracked ZIPs the typical home value runs from $303,717 in 33126 to $1,505,935 in 33122 — a factor of 5.0.
- new construction change
- New-construction sales changed -29.65% year over year.
How broad is rent softening?
0 of 30 ZIPs (0%) show faster rent growth.
Metro new-construction sales changed -29.65% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
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