Miami real estate vs S&P 500 since 2013
204% × 406%
Updated July 1, 2026 · Redfin · daily closing prices (not exportable)
Since 2013, Miami real estate returned 204% and S&P 500 returned 406%, in U.S. dollars. S&P 500 won the period — but with different risk: the worst drop was 21% (Miami real estate) vs 25% (S&P 500).
Base 100 since 2013
Why compare Miami home prices (US$/m²) and S&P 500
Miami real estate has drawn waves of out-of-state and overseas buyers, so people ask whether riding that boom would have outpaced just owning the U.S. stock market. The matchup sets Miami home prices per square foot, from Redfin sold listings, against the S&P 500 price index, and it is appreciation only: no rent received, no leverage, no property taxes or maintenance on the housing side, and no dividends on the index side. Miami's pattern is sharp local cycles, big surges around migration and easy credit followed by sharp coolings, while the index grinds higher more steadily. Which one leads depends heavily on the start year. This is not investment advice.
Returns by window
| Window | Miami home prices (US$/m²) | S&P 500 |
|---|---|---|
| 1 year | -3% | 15% |
| 5 years | 46% | 66% |
| 10 years | 100% | 237% |
| since 2013 | 204% | 406% |
The price of return: risk
| Asset | Annual volatility | Worst drop |
|---|---|---|
| Miami real estate | 19% | -21% |
| S&P 500 | 14% | -25% |
$10,000 in each, since 2013
| Asset | Value today |
|---|---|
| Miami real estate | $30,384 |
| S&P 500 | $50,597 |
Frequently asked questions
Miami real estate or S&P 500: which returned more?
Since 2013, S&P 500 returned more in U.S. dollars. Over shorter windows the lead can change — see the per-window table on the page.
Does a higher return mean a better investment?
Not on its own — risk matters. The page shows the volatility and the largest drop of each; similar returns can hide very different rides.
Are these figures in real terms?
No — these are nominal returns in U.S. dollars. To see real (inflation-adjusted) gains, compare each one against U.S. inflation (CPI).
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Descriptive, educational content computed from official public data. Not investment advice. Past performance does not guarantee future results.