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Miami homes under $500,000

As of , 2,986 homes under $500,000 are listed in Miami. The median asking price is about $345,000, or $337 per sq ft.

Live MLS data from MIAMI MLS and BeachesMLS. Updated .

Homes under $500,000
2,986
Median asking price
$345,000
Median per sq ft
$337
On the water
14%

Listings from MIAMI MLS and BeachesMLS. The listing office is shown on every listing page. Information is deemed reliable but not guaranteed.

Homes under $500,000 compared with all homes in Miami

Homes under $500,000All homes for sale
Listings for sale2,9868,426
Share of homes for sale35%100%
Median asking price$345,000$639,000
Median per sq ft$337$496

Questions about homes under $500,000

How much are homes under $500,000 in Miami?

As of October 22, 2026, the median asking price is $345,000, or $337 per sq ft, across 2,986 listings for sale.

How many homes under $500,000 in Miami are on the water?

As of October 22, 2026, 14% of the listings for sale in Miami say they are on the water.

Are pets allowed in Miami?

As of October 22, 2026, 84% of the 2,800 listings that state a pet policy say pets are allowed. Each building or community sets its own rules.

How long do homes under $500,000 stay on the market in Miami?

As of October 22, 2026, the median listing for sale has been on the market for 93 days.

What do homes under $500,000 in Miami cost by number of bedrooms?

As of October 22, 2026, asking prices are: Studio: most from $250,000 to $490,000; 1 bedroom: most from $153,450 to $475,000; 2 bedrooms: most from $199,000 to $459,900; 3 bedrooms: most from $295,000 to $490,000; 4 bedrooms: most from $270,000 to $489,900; 5 bedrooms: from $150,000 to $499,995.

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