The typical owner-occupied home in Miami Gardens is worth about $378,500, 5% above the Florida median of $359,000 and 14% above the national median of $332,700. Owners pay a median $2,818 a year in property taxes, about 0.74% of their home's value, close to the Florida rate of 0.76%. The median household earns $63,627 a year, so the median home costs 5.9 times the median income (4.8 times for Florida). 64% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Miami Gardens at a glance
| Miami Gardens | Florida | U.S. | |
|---|---|---|---|
| Median home value | $378,500 | $359,000 | $332,700 |
| Median property tax paid per year | $2,818 | $2,730 | $3,119 |
| Property tax as a share of value | 0.74% | 0.76% | 0.94% |
| Median household income | $63,627 | $74,568 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 67% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,108 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 33.3% | 23.6% | 21.0% |
| Median rent | $1,787 | $1,669 | $1,413 |
| Rent as a share of renters' income | 38.5% | 35.2% | 30.6% |
| Median year homes were built | 1970 | 1988 | 1980 |
| Vacant homes | 5.1% | 14.7% | 10.1% |
| Population | 113,177 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Miami Gardens
At this week's average 30-year rate of 7.11%, buying the median Miami Gardens home of $378,500 with 20% down costs about $2,428 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,059, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $104,060 for the 20%-down payment. That payment is 46% of the median Miami Gardens household income of $63,627; at that income and 20% down, the 28% guideline points to a home of about $231,000.
The median rent here is $1,787 a month, so owning the median home costs about $641 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,700 |
|---|---|
| Loan amount | $302,800 |
| Principal and interest | $2,037 |
| Property taxes (0.74% a year) | $233 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| PMI | $0 |
| Total per month | $2,428 |
Change the numbers in the calculator
| Down payment | $13,248 |
|---|---|
| Loan amount | $371,644 |
| Principal and interest | $2,500 |
| Property taxes (0.74% a year) | $233 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| FHA mortgage insurance | $167 |
| Total per month | $3,059 |
Change the numbers in the calculator
Questions about home buying in Miami Gardens
What is the median home value in Miami Gardens?
About $378,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Miami Gardens?
Homeowners pay a median $2,818 a year, which is about 0.74% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Miami Gardens?
For the median home with 20% down at 7.11%, the payment is about $2,428 a month. Keeping that under 28% of gross income takes about $104,060 a year.
More about Miami Gardens
- Mortgage Refinance in Miami Gardens
- Debt Relief in Miami Gardens
- Home Equity Loans in Miami Gardens
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data