The typical owner-occupied home in Miami-Dade County is worth about $463,000, 29% above the Florida median of $359,000 and 39% above the national median of $332,700. Owners pay a median $3,744 a year in property taxes, about 0.81% of their home's value, higher than the Florida rate of 0.76%. The median household earns $71,753 a year, so the median home costs 6.5 times the median income (4.8 times for Florida). 52% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Miami-Dade County at a glance
| Miami-Dade County | Florida | U.S. | |
|---|---|---|---|
| Median home value | $463,000 | $359,000 | $332,700 |
| Median property tax paid per year | $3,744 | $2,730 | $3,119 |
| Property tax as a share of value | 0.81% | 0.76% | 0.94% |
| Median household income | $71,753 | $74,568 | $80,734 |
| Homes lived in by their owners | 52% | 68% | 65% |
| Owner homes with a mortgage | 59% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,451 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 27.8% | 23.6% | 21.0% |
| Median rent | $1,829 | $1,669 | $1,413 |
| Rent as a share of renters' income | 38.2% | 35.2% | 30.6% |
| Median year homes were built | 1980 | 1988 | 1980 |
| Vacant homes | 10.9% | 14.7% | 10.1% |
| Population | 2,738,356 | 22,416,077 | 334,922,499 |
How much equity Miami-Dade County owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Miami-Dade County home of $463,000, 80% is $370,400.
41% of Miami-Dade County owners have no mortgage at all, so they could borrow up to the full 80% limit.
Owners with a mortgage here already spend a median $2,451 a month on housing, so a new payment should fit next to that. At the median income of $71,753, lenders typically cap all debt payments at about 43% of gross income, or $2,571 a month.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $370,400 to $393,550 |
|---|---|
| Owe $115,750 | $254,650 to $277,800 |
| Owe $231,500 | $138,900 to $162,050 |
| Owe $300,950 | $69,450 to $92,600 |
Before the lender's own limits, fees and your credit and income checks.
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Questions about home equity loans in Miami-Dade County
What is the median home value in Miami-Dade County?
About $463,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Miami-Dade County?
Homeowners pay a median $3,744 a year, which is about 0.81% of the median home value. Your bill depends on your home's assessed value and local rates.
How much can I borrow against my home in Miami-Dade County?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $463,000, an 80% limit is $370,400 before subtracting your mortgage.
More about Miami-Dade County
- Mortgage Refinance in Miami-Dade County
- Home Buying in Miami-Dade County
- Debt Relief in Miami-Dade County
- 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