Miami-Dade County, Florida: What It Costs to Buy a Home
The median home in Miami-Dade County is worth $680,000, property taxes on it run about $3,516 a year (0.83%), the FHA loan limit is $667,000, and closing on it means about $4,080 in transfer tax plus $3,500 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $680,000 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $3,516 a year, 0.83% of value | Property tax page → |
| FHA loan limit (1 unit) | $667,000 | Loan limits page → |
| Conforming loan limit (1 unit) | $832,750 | Loan limits page → |
| Transfer tax on the median home | $4,080 (incl. Miami-Dade County) | Florida transfer tax page → |
| Title insurance on the median home | $3,475 owner's + $25 lender's | Title insurance page → |
| Recording fees (deed + mortgage) | $156 | Recording fees page → |
| Closing costs from these items | $7,736 | Closing costs page → |
| Down payment help | 2 local programs found | First-time buyer page → |
| Area median income (HUD, family of 4) | $89,800; low-income limit $109,000 | Income limits page → |
Frequently asked questions
How much do homes cost in Miami-Dade County?
The median owner-occupied home in Miami-Dade County is valued at $680,000, per MIAMI REALTORS - Miami-Dade single-family home median sale price, May 2026.
How much are property taxes in Miami-Dade County?
The median Miami-Dade County homeowner pays $3,516 a year in real estate taxes, about 0.83% of the median home value ($3,816 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Miami-Dade County?
$667,000 for a one-unit home in 2026 (a high-cost limit above the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $832,750, per FHFA.
What does it cost to close on a home in Miami-Dade County?
On the $680,000 median home: transfer tax $4,080, title insurance $3,500 for both policies, recording fees about $156, about $7,736 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Miami-Dade County?
HUD's FY 2026 median family income for Miami-Dade County (Miami-Miami Beach-Kendall, FL HUD Metro FMR Area) is $89,800. A family of four counts as low income below $109,000 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby Florida counties
- Manatee County $359,800
- Marion County $220,800
- Martin County $386,500
- Monroe County $723,800
- Nassau County $351,100
- Okaloosa County $324,800
Sources
- MIAMI REALTORS - Miami-Dade single-family home median sale price, May 2026
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
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General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
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