Hialeah, FL
Miami-Dade County · Pop. 222,168
Ranked #219 of 243 cities
18Crisis
Median Home Price
🏠$420K
5.5% YoY
Median Rent
🔑$1,800
4.5% YoY
Median Income
💰$35K
Rent Burden
📊48.0%
% of income to rent
Income to Buy
🏦$121K
annual income needed
Income to Rent
📝$72K
annual income needed
Price-to-Income
⚖️12.0x
Homeownership
🏡38.0%
Rent vs. Buy
Buy
$2,235/mo
Est. mortgage (7%, 20% down)
Need $121K/yr income
Rent
$1,800/mo
Median rent
Need $72K/yr income
How Hialeah Compares
| Metric | Hialeah | Florida | National |
|---|---|---|---|
| Home Price | $420K | $381K | $410K |
| Rent | $1,800 | $1,719 | $1,500 |
| Income | $35K | $73K | $75K |
| Rent Burden | 48.0% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in Hialeah are 2% higher than the national average.
- • Rent is 20% higher than the national average.
- • You need an income of $121K to comfortably buy a home here.
- • The homeownership rate is 38.0%, compared to 65.0% nationally.