What does the Miami, FL rental market look like in 2026?
Median single-family Cap Rate in Miami-Dade is 5.4% in Q1 2026, with median rent at $2.15/sqft. Rent growth has moderated to +3.1% year-over-year from the 2021–2023 peak. Insurance premiums remain the single biggest expense driver (+18% YoY).
Updated 2026-04-23
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