New Construction
New construction condos dominate the Miami core, while single-family suburban communities in Pembroke Pines, Miramar, and Homestead offer more accessible price points from $450,000 to $700,000.
Miami, Florida · New Homes
New homes in Miami.
Miami is the undisputed international real estate capital of the southeastern United States, with over 60 percent of luxury condo buyers coming from outside the U.S. — primarily from Latin America, Europe, and the Middle East — creating a permanently internationalized housing market unlike any other in the country.
New construction condos dominate the Miami core, while single-family suburban communities in Pembroke Pines, Miramar, and Homestead offer more accessible price points from $450,000 to $700,000.
At a glance
Miami market snapshot
Median Home Price
$620,000
Median Rent
$2,400
Market Trend
Stable
Cost of Living Index
138
Why Miami
What makes Miami different
Why People Move Here
International gateway to Americas and Latin American capital of U.S. and no state income tax and luxury real estate market and finance and tech migration from New York
Schools
Miami-Dade County Public Schools fourth-largest school district in U.S. with significant variation in performance and top-rated magnet programs, driving demand in specific zip codes.
Top Neighborhoods
Brickell, Coral Gables, Doral, Kendall, Pembroke Pines, Miramar, Hialeah, and Homestead
Major Employers
American Airlines global hub at Miami International Airport employing over 15,000 and Carnival Cruise Line global headquarters and University of Miami health system and Baptist Health South Florida
Who's building
Top builders active in Miami
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Common questions
Miami FAQ
Is Miami a good place to buy a home?
Miami offers no Florida income tax and globally recognized real estate market and strong international demand supporting long-term values, though prices among highest in Southeast.
What is the median home price in Miami?
The median home price in Miami is approximately $620,000 with luxury condos reaching millions and more affordable single-family options in Homestead and west Miami-Dade.
Which Miami areas have the most new construction?
Homestead and west Kendall, Doral, Miramar, and Pembroke Pines lead Miami metro in new single-family construction with more accessible prices than coastal luxury.
Is Miami good for real estate investors?
Miami offers strong short-term rental demand from international tourism and consistent long-term appreciation from land scarcity and persistent international buyer demand.
What is driving Miami housing demand?
International buyer demand from Latin America and Europe and domestic migration from high-tax states and Miami global city status drive sustained demand.
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