September 2026 at a Glance

House Prices and Trends

At local level, the typical home value (ZHVI) for Miami, FL was $475,830 in August 2026 according to Zillow Research, Zillow Home Value Index (ZHVI) — Miami, FL. That is -0.5% compared with a year earlier and +0.3% against the previous month. Miami is therefore lagging the national trend (+1.2% YoY).

The national house price index for the United States rose 1.2% year on year in Q2 2026 and was +0.5% against the previous quarter, according to BIS, Residential property prices (nominal). A year earlier the annual rate was +2.0%, so growth has cooled over twelve months.

House price index, % change year on yearQ3 2024+3.7%Q4 2024+3.5%Q1 2025+2.8%Q2 2025+2.0%Q3 2025+1.4%Q4 2025+1.0%Q1 2026+0.7%Q2 2026+1.2%

Financing and Interest Rates

The Federal Reserve’s policy rate was 3.63% in August 2026 (BIS, Central bank policy rates). The easing cycle — 0.75 points lower than a year ago — is the main tailwind for demand.

Miami in the News

• Living Above, Working Below, and Renting the Office: The New Real Estate Model in Miami – Funds Society (Funds Society, 9 Sep 2026)
• Alpaca Real Estate and Phoenix Realty Group Acquire 269-Unit Bay Pointe Multifamily Community in Miami – Business Wire (Business Wire, 23 Sep 2026)
• Bugatti Miami Tower: Impact on US Real Estate and REITs – INDmoney (INDmoney, 21 Sep 2026)
• Miami-Dade has best June for home sales in three years – South Florida Agent Magazine (South Florida Agent Magazine, 21 Jul 2026)
• Bugatti Makes U.S. Real Estate Debut With $650 Million Miami Tower – maxim.com (maxim.com, 21 Sep 2026)
• Miami cost of living soars past New York – IslanderNews.com (IslanderNews.com, 7 Aug 2026)

Reading the Trend

What to watch next month

• The next quarterly release of the house price index for the United States (Q2 2026 is the latest) — whether annual growth holds near +1.2%.
• Upcoming decisions by the Federal Reserve — any move from 3.63% feeds through to mortgage pricing within weeks.

What This Means for Buyers, Sellers and Investors

Sources

• Zillow Research, Zillow Home Value Index (ZHVI) — Miami, FL
• BIS, Residential property prices (nominal)
• BIS, Central bank policy rates
• Headlines via Google News RSS; content belongs to the linked publishers.

Previous edition: Miami Property Market Report — August 2026

Methodology: all figures are taken directly from the free public statistical sources linked above, for the periods stated; official statistics are published with a lag, so the latest available release is used. Commentary is generated from those figures by rule and reviewed before publication. Nothing here is financial advice.