Miami, FL Homes For Sale

Homes for Sale in Miami, FL: What You Need to Know

Miami boasts of warm weather year-round, beautiful beaches, and a thriving economy. What's not to like? State economists estimate that about 900 people move to the Sunshine State every single day.

The Cost of Living in Miami

If you're thinking of moving to Miami, a financial and cultural hub in the region, be prepared for a cost of living that's 14.7% higher than the national average. Its median home price is $350,000, while the median rental rate for a studio is $864. The good news is, Florida has low taxes overall. Miami's property tax rate is 1.12%. The state doesn't levy any income tax, which is why retirees flock there. Miami's sales tax rate is 7%, which is lower than Tallahassee's 7.5% rate, but higher than Orlando's 6.5% rate.

Local Job Opportunities

For job seekers, Miami's robust economy more than makes up for its relatively high cost of living rate. The city's professional and business services sector grew by 1.6% in 2020, adding 6,700 jobs in the areas of trade, transportation and utilities, and 5,100 new jobs in education and health services.

Know Your Neighborhoods

People who want to be close to the city's social and cultural epicenter are drawn to downtown neighborhoods such as Park West and Omni, which are ideal for urbanites seeking high-rise condos and apartments. Brickell's new developments and the Design District's renovated properties attract up-and-coming professionals. For those seeking a slower pace, Weston, Coral Gables, and Kendall are great choices. Homes in these areas range from low six figures to seven figures. Apartment rents start at about $900 in Coral Gables, $1,000 in Kendall, and $1,400 in Weston.

Schools and Higher Education

Families with young children will be pleased to learn that Miami's public schools, part of the Miami-Dade County school district, are topnotch. Miami-Dade is one of the country's top 10 school districts. It has 392 schools, with a total enrollment of 345,000 students. For college-bound students, the University of Miami in Coral Gables is the closest. The University of Florida in Gainesville and Florida State University in Tallahassee are also popular in-state choices.

Things to Do in Miami

The Miami Beach area is the perfect destination if you love the beach and the arts. Soak up the sun in South Beach, a famous playground for celebrities, and then immerse in iconic architecture at the Art Deco District. Miami is a quintessential melting pot, with lots of multicultural attractions, from Little Haiti's Cultural Complex to Little Havana's Bay of Pigs Museum to Overtown's historic Lyric Theater. Curious about wildlife? You can get a closer look at Florida's alligators and crocodiles at Jungle Island, Zoo Miami, and the nearby Everglades National Park.