Miami home prices (US$/m²): returns since 2012
Miami home prices, measured as the typical value per square meter (data: Redfin). This is the value of the property itself — bricks and mortar — not an investor's total return.
It excludes rent received and all costs (closing, property taxes, maintenance, vacancy). Compare it against U.S. inflation (CPI) and the S&P 500 below to see whether Miami real estate kept up.
Miami is one of the more expensive coastal housing markets in the country, shaped by international and cash buyers, a tax-friendly setting and a finite, water-bounded supply of land. It was at the center of the 2000s condo boom and fell hard in the 2008 crash, with deep price declines before a slow recovery. The wave of inbound migration and out-of-state wealth after 2020 then pushed values sharply higher again. That boom-bust-boom pattern, plus long-term questions about coastal flood risk, sets Miami apart from the more affordable inland metros, and the figures below trace its value per square meter against inflation.
Cumulative return by window (in U.S. dollars)
| Window | Cumulative |
|---|---|
| 1 year | -3% |
| 5 years | 46% |
| 10 years | 100% |
Largest historical drop: -21% · annual volatility: 19% . Typical home price per m² (Redfin). Excludes rent received, closing costs, property taxes, maintenance and vacancy — the value of the property itself, not the investor's total return.
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Descriptive, educational content computed from official public data. Not investment advice. Past performance does not guarantee future results.