Local market snapshot: Miami-Dade County
| Median home value | $463,000Miami-Dade County · Source: U.S. Census Bureau |
|---|---|
| Median gross rent | $1,829/moMiami-Dade County · Source: U.S. Census Bureau |
| Effective property tax rate | 0.76% (approx.)Miami-Dade County, effective rate (approx.) · Source: SmartAsset, Florida Property Tax Calculator |
Homeowners insurance: Florida's largest county carries its steepest insurance costs: hurricane wind exposure, flood zones along the coast and canals, and a condo market where master policies and reserves directly affect loan approval. Early insurance quotes are non-negotiable.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Cities in Miami-Dade County
- Miami
- Hialeah
- Miami Beach
- Homestead
- Coral Gables
- Doral
- Cutler Bay
- Palmetto Bay
- Miami Lakes
- Aventura
- Sunny Isles Beach
- North Miami
- North Miami Beach
- Pinecrest
- South Miami
- Miami Gardens
- Kendall
- Fontainebleau
- The Hammocks
- Kendale Lakes
- Tamiami
Popular programs here
DSCR Loans
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
Fix and Flip Loans
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
Bank Statement Loans
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
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FAQ
What should borrowers know about Miami-Dade County?
Property taxes in Miami-Dade County are assessed by the county and escrowed into your monthly payment, so the county tax bill directly affects what you qualify for. We arrange home loans and investor loans for properties throughout Miami-Dade County.
Which cities are in Miami-Dade County?
Cities we cover in Miami-Dade County include Miami, Hialeah, Miami Beach, Homestead, Coral Gables, Doral, Cutler Bay, Palmetto Bay, Miami Lakes, Aventura, Sunny Isles Beach, North Miami, North Miami Beach, Pinecrest, South Miami, Miami Gardens, Kendall, Fontainebleau, The Hammocks, Kendale Lakes, Tamiami.