How does Downtown Miami compare with Miami and Florida?

Downtown Miami, Miami, Florida is priced about 2% above Miami and 139% above Florida. Its gross yield of 7.7 is paired with a 4.6% price decline over the past year. The Red Flag score is 54, with walkability of 94 and education in the 56th percentile.

What are the main market strengths and risks in Downtown Miami, Miami, Florida?

A key strength in Downtown Miami, Miami, Florida is the combination of a 7.7 gross yield and walkability of 94. A key risk is the Red Flag score of 54. Education is in the 56th percentile, and prices fell 4.6% over the past year.

Neighborhood

Downtown Miami

Miami, Florida US

Downtown Miami, Miami, Florida is a yield-oriented urban market with a gross yield of 7.7 and prices about 2% above Miami and 139% above Florida. Over the past year, prices fell 4.6%, which may support entry pricing relative to recent levels. The neighborhood combines very high walkability of 94 with an education percentile of 56, while the Red Flag score of 54 suggests moderate overall risk.

AI Summary•Updated June 2026

Area

4.36 mi²

ZIP Code

33132

County

Miami-Dade County

State

Florida

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$519,846

YoY-4.6%

Gross Rental Yield

7.7%

Listed rent · ZORI annualized

Red Flag Index

Moderate

54 / 100

Walkability Score

Walker's Paradise

OpenStreetMap POI density · national percentile

Education Score

56 / 100

Good · better than 56% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Downtown Miami Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Downtown Miami, Miami.

Unlock the Downtown Miami 12-month price trend

See the full Verified vs Listed price history — free with a DistrictScore account.

Market Economics Snapshot

Jun 2026

Metric	Value	YoY
Median Sale Price	$519,846	-4.6%
Price / Sq Ft (Verified)	$556/sqft	-6.5%
Asking Rent (Median)	$3,357/mo	+2.8%
Gross Rental Yield	7.7%	—
Liquidity Score	34 / 100	Moderate
Homes Sold (Period)	108	+25.6%

Is Downtown Miami Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Florida crime context.

Red Flag Breakdown

54 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Hurricane100Very High

Tornado40Moderate

Heat40Moderate

Hail40Moderate

Wildfire20Low

Earthquake20Low

Strong Wind20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Florida averaged 16.9 crimes and 2.7 violent per 1,000 residents (-4.5% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

Unlock the full risk report for Downtown Miami

Tract-level hazard heatmap & parcel detail with Pro

What Stands Out AI Insight

Above-average gross rental yield at 7.7%

Highly walkable neighborhood — score 94/100

Active transaction volume — 108 homes sold last period

Dense amenities — 132 dining & 24 grocery options nearby

Flood risk is Very High (100/100)

Hurricane risk is Very High (100/100)

Insights are generated from Downtown Miami's live DistrictScore metrics.

Unlock the Downtown Miami risk report

See all eight FEMA hazard scores and the AI risk insights with Pro.

Unlock with Pro

Downtown Miami Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Florida-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

4.5 µg/m³ Meets WHO guideline+36.8% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Downtown Miami centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 7% of U.S. neighborhoods.

Florida Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	16.9	2.7	-4.5%
2023	18.0	2.9	-2.3%
2022	19.0	2.9	+4.4%
2021	18.6	3.4	-13.5%
2020	21.5	3.8	-13.7%
2019	25.2	3.8	—

Reported at the state level — the finest official US crime aggregation; Downtown Miami inherits the Florida figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Downtown Miami

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)4.9 kmModerate

Industrial odor5 nearbyVery High

Aviation noise50 dBVery Low

Point-source screening near Downtown Miami: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Unlock Downtown Miami environment & safety

See air-quality history, crime trend, radon potential and hazard screening with Pro.

Unlock with Pro

Walkability & Amenities in Downtown Miami

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

94

Walker's Paradise

Walkability Score

24

Grocery

132

Dining

44

Schools

4

Universities

4

Hospitals

7

Pharmacies

27

Parks

30

Rail Transit

1

Coworking

POI counts are amenities within Downtown Miami's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Downtown Miami vs Miami vs Florida

How Downtown Miami benchmarks against its city and state medians.

Benchmark vs City & State

In Downtown Miami, the median sale price sits in line with the median for Miami neighborhoods and about 139% above the statewide median. Gross rental yield is 7.7%, against 5.3% for Miami neighborhoods and 6.2% statewide. Over the past 12 months, prices fell 4.6%. Transaction liquidity sits in line with the median for Miami neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Downtown Miami	$556/sqft	7.7%	34
Miami	$546/sqft	5.3%	33
Florida	$232/sqft	6.2%	36

Unlock the Downtown Miami benchmark

Compare Downtown Miami against Miami and Florida medians with Pro.

Unlock with Pro

Buying Property in the US as a Foreigner

Federal & Florida tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.76% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No state capital gains tax.

Transfer Tax

Real estate transfer tax: documentary stamp $0.70 per $100 ($0.60 in Miami-Dade).

Assessment Cap

Save Our Homes caps homestead assessment growth at 3%/CPI; reassessed to market value on sale.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents8

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Homestead Exemption

Homestead: up to $50,000 off taxable value, plus unlimited protection from most creditors.

Senior & Veteran Exemptions

Extra $50,000 senior exemption plus property-tax discounts for veterans.

Foreign buyers (non-residents)6

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Foreign Ownership Restrictions

SB 264 restricts buyers from 7 countries of concern (incl. China) from residential property near sensitive sites. Verify first.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Florida property-tax guidance for foreign buyers

Latest Miami Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Downtown Miami Real Estate FAQ

Downtown Miami, Miami, Florida shows a yield-oriented profile with a gross yield of 7.7 and prices about 2% above Miami. Over the past year, prices fell 4.6%. The Red Flag score is 54, walkability is 94, and education is in the 56th percentile.

Neighborhoods near Downtown Miami

Compare Downtown Miami with nearby neighborhoods in Miami.

Unlock deeper insights on Downtown Miami

Deeper data. Smarter decisions. Stronger returns.

Full Risk Reports

Tract-level hazards

Investment Score

AI-driven analysis

Export & Reports

PDF & Excel

Priority Support

Fast-track help

Get Pro Access