Markets › Miami
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Miami FL

Current market read
Balanced market
ConditionBalanced
RentersLandlords
Balanced on the yearly data, and steady on the recent monthly signals.
From public data. The situation now, not a forecast.
Renter Google Search InterestGOOGLE · MONTHLY
Rank
6of 43 metros
No change this month
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Attention, not a verdict. Google searches for apartments to rent.

Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Steady
Holding steady this month, no signal is pulling hard either way.
Job growthBLS · MONTHLY
+0.2%
▲ Hiring, past 12 months
JUL ’25JUN ’26
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VacancyCENSUS · 2024
7.4%BALANCED
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
+0.6%
▲ Year over year
Older annual rent growth, Census
MIAMI
+8.8%
US AVG
+4.7%
Median rentCENSUS · 2024
$2,083/mo
Typical rent, 2024 yearly count
20162024
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In the news · MiamiNEWS · DAILY
Eichner, Suffolk go to war over Bay Harbor Island luxury condo project1D AGOProcacci sells entitled multifamily site near Galleria Mall for $25M2D AGOBillionaire Greene hits back at contractor in lawsuit over West Palm apartments2D AGOView all 8 with Pro · $39/month →
Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
SUPPLY
DEMAND
Jobs+0.2%
Migration-15.69/1k
SUPPLY
Permits+66.9%
Vacancy7.4%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,554/mo
Cheaper to rent than buying
$2,083
RENT
$3,637
OWN
Net migrationCENSUS · 2024
−15.69/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.