In Miami in 2026, buying a home requires 26.3% more income than renting, with an income needed of $133,999 to buy versus $106,067 to rent. The median home price is $502,398, and median rent is $2,652. Nationally, the income premium to buy over rent is 46.3%, with a median home price of $426,747 and median rent of $1,901. Median household incomes are $80,761 in Miami and $86,185 nationally.