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

13279 / 32010

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$44,451

Middle-Earners Revenue

Occupancy

72%

Middle-Earners Occupancy

Home Value

$581,864

Median Home Sale Price

Top Earners

$102,108

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 is a major coastal city in southeastern Florida, located in Miami-Dade County, where it serves as the county seat. The city itself has a population of roughly 440,000 residents, while the broader Miami metropolitan area is home to more than six million people. Known for its tropical climate, vibrant Latin American and Caribbean influences, art deco architecture, and white-sand beaches, Miami functions as a major international hub and a gateway to the Florida Keys, the Everglades, and cruise departures to the Caribbean. The nearest sizable city is Fort Lauderdale, which sits about 30 miles to the north along the Atlantic coast.

Just across Biscayne Bay from downtown, the South Beach neighborhood of Miami Beach is famous for its Ocean Drive strip and the Art Deco Historic District, which features more than 800 preserved pastel-colored buildings from the 1920s and 1930s. The neighborhood is a short drive of roughly 15 to 20 minutes from downtown Miami and combines beachfront, nightlife, restaurants, and boutique hotels into a single walkable area.

To the southwest of the city, Everglades National Park protects a vast subtropical wilderness of sawgrass marshes, mangrove forests, and slow-moving water often called the "River of Grass." The park's main Ernest Coe Visitor Center is roughly a 45-to-60-minute drive from central Miami, while the Shark Valley entrance to the north is also accessible within about an hour, offering airboat rides, hiking trails, and some of the best bird-watching in the country.

Vizcaya Museum and Gardens, a waterfront Italian Renaissance–style estate completed in the early twentieth century, sits on the edge of Biscayne Bay about a 15-minute drive south of downtown Miami. The historic house museum is surrounded by formal European-inspired gardens and offers a glimpse into Miami's early Gilded Age past.

Just north of downtown, the Wynwood district has become one of the country's most recognized street-art destinations, anchored by the Wynwood Walls outdoor mural complex. The former warehouse neighborhood is about a 10-minute drive from central Miami and now fills its surrounding blocks with galleries, breweries, and restaurants.

With year-round warm weather, an international airport connecting to most of the globe, beaches within a short drive of nearly every neighborhood, and an unusually diverse set of natural and cultural attractions, Miami offers short-term rental owners a strong mix of leisure, business, and event-driven demand. Visitors come for the sun and nightlife as much as for the proximity to the Everglades and the wider Caribbean, supporting steady occupancy across both peak winter months and summer travel seasons.

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