Miami, AZ—85539
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Miami, AZ
As of Oct '25, the median home price in Miami, AZ is $138,000, with a year-over-year change of -10.9%. This indicates that home prices in Miami, AZ are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $138,000 | -10.9% |
| Single Family | $138,000 | -12.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Miami, AZ
As of July '25, Rentcast reports the average rent in Miami, AZ is $1,650, with a year-over-year rent change of -28.6%. Per bedroom, the median rent as of July '25 in Miami, AZ is 1-bedrooms: $1,650. The most common rental property sizes in Miami, AZ are 3-bedroom and 2-bedroom, accounting for 49.0% and 40.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,650 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Miami, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Miami, AZ is 128. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | 4.0% |
Listing Count | 17 | 104.0% |
| Listings as % of Homes | 1.0% | 104.0% |
Days on Market | 128 | 19.0% |
Demographics — Miami, AZ
As of the latest ACS Survey released in 2023, Miami, AZ has a population of 3,070, which has decreased by -33.3% over the past 5 years. Miami, AZ is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,070 | -33.3% |
% Under 18 | 26.4% | 16.8% |
% Seniors | 19.6% | -3.0% |
% WFH | 9.8% | 92.2% |
% w/ College Degree | 16.0% | 58.4% |
As of the latest ACS Survey released in 2023, Miami, AZ is a predominantly hispanic area, with 47.0% of the population identifying as hispanic. The hispanic population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Miami, AZ is white, making up 38.8% of the population. Foreign-born residents account for 4.0% of the population in Miami, AZ, and this percentage has decreased by 66.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.8% | -9.3% |
% Black | 0.8% | ∞% |
% Hispanic | 47.0% | -7.7% |
% Asian | 0.4% | -89.2% |
% Foreign Born | 4.0% | -66.9% |
Mortgage and Risk — Miami, AZ
According to HUD data as of 2023, there were 26 mortgage originations in Miami, AZ, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 69.0% above 90% LTV (very high). This implies large mortgage risk in Miami, AZ. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Miami, AZ
Miami, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 36 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,650 | $1,440 |
| 2 Bedroom | N/A | N/A | $1,690 |
| 3 Bedroom | N/A | N/A | $2,290 |
| 4 Bedroom | N/A | N/A | $2,610 |
Affordability — Miami, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $138,000 |
| Median Household Income | $45,700 |