Miami's real estate market is driven by international buyers, domestic migration from high-tax states, and a shortage of buildable land. Miami-Dade's property tax rate is moderate, but condo HOA fees frequently add $400–$800/month to payments in the urban core.
Recommended for incomes above $165k/yr (28% DTI rule)
Miami housing market
The 1.02% property tax rate reflects the county-level effective rate for Miami and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Florida average — county-level data produces more accurate monthly payment estimates for Miami buyers. Many Miami properties also carry HOA fees — the area average is approximately $500/month, which is not included in the calculator above.
Rate history
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