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Featured local agent — Miami, AZ
Sarah Mitchell
Compass Real Estate · Miami, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Miami, AZ Housing Market
The typical home in Miami, AZ is worth $137,725, fell 9.2% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $65,000 (through May 2026). With 7.0 months of supply and homes going under contract in about 16 days, Miami is a leaning buyer's. At today's 6.66% 30-year fixed rate, 20% down on a $137,725 home is about $708/mo in principal and interest.
Key numbers for Miami, AZ
Typical home value
$137,725
-9.2% in 12 months
Zillow, July 2026
Median sale price
$65,000
Last published period
Redfin, through April 2026
Days on market
16
Fast-moving
Redfin, through April 2026
Active listings
7
7.0 months of supply
Redfin, through April 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$44,286
Home costs 3.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through April 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Miami a buyer's or seller's market?
Miami, AZ is a leaning buyer's, based on 7.0 months of supply and homes selling in about 16 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Miami housing market data show?
Every row below is Redfin's final published month for Miami, AZ. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $65,000 |
| Median list price | $58,000 |
| Median price per sq ft | $63/sq ft |
| Median days on market | 16 days |
| Active inventory | 7 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 14.3% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Miami is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Miami is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Miami home prices moved?
Across the 34 months we hold for Miami, AZ, the median sale price fell 14.8%, from $76,250 in April 2021 to $65,000. The live Zillow value series has fell 9.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.3% of Miami listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 7.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Miami?
Priced off the typical home value of $137,725 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $27,545 | $110,180 | $708/mo |
| 5% | $6,886 | $130,839 | $841/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $708, that implies roughly $30,345 a year before you add taxes and insurance. The median household in Miami earns $44,286, about $13,941 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.1x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Miami in the next 12 months?
Tell us your timeline. We send the Miami market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Miami?
Zillow does not publish a rent index (ZORI) for Miami, AZ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Miami?
Active listings in Miami, AZ went from 4 in March 2024 to 7 in April 2026, a +75.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2024 | 5 | not published |
| June 2024 | 3 | not published |
| July 2024 | 3 | 1 |
| August 2024 | 4 | 2 |
| September 2024 | 2 | not published |
| October 2024 | 3 | 1 |
| January 2025 | 3 | not published |
| February 2025 | 4 | 1 |
| July 2025 | 10 | 2 |
| August 2025 | 9 | 1 |
| December 2025 | 4 | not published |
| April 2026 | 7 | 1 |
Redfin, through April 2026
How does Miami compare to Arizona and the U.S.?
Miami homes sell for $65,000 — 86% below the Arizona median of $453,800. Against the national median of $410,700, Miami runs 84% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Miami, AZ | $65,000 | not published | 16 days |
| Arizona statewide | $453,800 | +0.5% | 62 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Miami
What buyers should watch
- Months of supply, currently 7.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $133 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $137,725 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Miami listing goes under contract in 16 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Miami added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -9.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Miami varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Miami
There are currently 7 homes listed for sale in Miami, Arizona. The median listing price is $58K.
Active listings
7
Homes on market
Median list price
$58K
Avg. days on market
16
Days until sale
New this week
1
Newly listed
How much do homes cost in Miami by property type?
How the Miami, AZ market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $65,000 | $63/sq ft | 1 | 16 days |
Who lives in Miami?
American Community Survey estimates for Miami. U.S. Census ACS, 2023
Population
1,436
Households
590
Median income
$44,286/yr
Median age
39.4 years
Owner-occupied
59.8%
Median home value
$74,600
Median gross rent
$993/mo
Mean commute
16.7 min
59.8% of occupied homes in Miami are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $74,600 against Zillow's $137,725 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Miami?
6 schools tracked · 927 students
The largest public schools serving Miami, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Miami Junior Senior High School
Grades 6-12 · 424 students
Lee Kornegay Intermediate School
Grades 3-6 · 263 students
Dr. Charles A. Bejarano Elementary School
Grades PK-3 · 240 students
CVIT - Miami High School
Grades 9-12
M.U.S.D. #40 - Little Vandal Preschool
Grades PK
Miami Virtual Program
Grades K-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Miami, AZ?
Ordered by distance from Miami, not by size. Compare Miami side by side with any of them.
Miami housing market FAQ
Is Miami a buyer's or seller's market?
Miami, AZ is currently a leaning buyer's. That read comes from 7.0 months of supply, homes going under contract in about 16 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Miami?
The typical home in Miami, AZ is worth $137,725 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $65,000, about $63 per square foot.
Is Miami cheaper than the rest of Arizona?
Miami's median sale price of $65,000 is 86% lower than the Arizona statewide median of $453,800, and 84% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Miami?
Homes in Miami, AZ spent a median of 16 days on market before going under contract, versus 62 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Miami?
At the current 30-year fixed rate of 6.66%, 20% down on a $137,725 home is about $708 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $30,345 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $44,286.
Are home prices rising in Miami?
The typical home value in Miami, AZ fell 9.2% over the last 12 months, from $151,624 to $137,725 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Miami?
Miami ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Miami?
That depends on your timeline, not on a headline. What the data says today: Miami, AZ is a leaning buyer's with 7.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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