Miami, FL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Miami short-term rental market based on reliable data.

Listings

12508 / 31764

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$43,196

Middle-Earners Revenue

Occupancy

73%

Middle-Earners Occupancy

Home Value

$573,963

Median Home Sale Price

Top Earners

$99,455

Top-Earners Revenue

Miami

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Miami.

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B

Generally Investor friendly

Miami Regulations

Miami‑Dade broadly allows STRs, but investors face moderate permitting (state license, county Certificate of Use and inspection, business tax/receipts in Miami Beach), occupancy caps, and escalating fines; compliance is workable, though Miami Beach’s strict zoning limits raise investor risk and reduce supply.

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About Miami

Miami, located in southeastern Florida, is a vibrant city renowned for its cultural diversity, dynamic arts scene, and stunning coastal landscapes. With a population of approximately 442,241 according to the latest U.S. Census, Miami is a bustling metropolis known for its appealing climate and luxurious lifestyle. The city is situated about 40 miles south of Fort Lauderdale, the nearest major city, making it a convenient destination.

Miami’s appeal for short-term rentals is bolstered by its plethora of notable landmarks and attractions. One of the most famous locales is the Art Deco Historic District in Miami Beach, known for its beautifully preserved architecture from the 1930s and '40s (Art Deco Historic District). Another hotspot is Little Havana, a vibrant neighborhood celebrated for its Cuban culture, cuisine, and festivals (Little Havana).

For those interested in arts and culture, the Pérez Art Museum Miami (PAMM) offers contemporary art exhibitions and is located in the heart of downtown Miami (PAMM). Additionally, the Wynwood Walls have transformed the Wynwood neighborhood into an open-air street art museum, featuring large-scale works by internationally renowned artists (Wynwood Walls).

Miami also offers a plethora of natural attractions. Biscayne National Park, a vast marine park that preserves Biscayne Bay and its offshore barrier reefs, is ideal for water sports enthusiasts (Biscayne National Park). Similarly, the Everglades National Park, located just to the west of the city, provides access to a unique subtropical ecosystem (Everglades National Park).

The city's proximity to these attractions, combined with its significant urban appeal, makes Miami a desirable destination for short-term rentals. Whether for a quick getaway or an extended visit, Miami offers an eclectic mix of cultural, historical, and natural sites to explore.

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