What is the rental vacancy rate in Miami, FL?
The rental vacancy rate in Miami, FL is 6.5% (±0.5 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.4% (±0.5 points).
29,005 (±1,460) homes, 13.0% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Miami, the rental vacancy rate went from 6.8% in 2015–2019 to 6.5% in 2020–2024 (−0.3 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 6.5% (±0.5 points)
- Homeowner vacancy rate
- 1.4% (±0.5 points)
- Vacant homes
- 29,005 (±1,460)
Vacancy in Miami against Miami-Dade County, its state and the nation
| Miami | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 6.5% (±0.5 points) | 5.5% (±0.3 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.4% (±0.5 points) | 1.2% (±0.1 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 29,005 (±1,460) | 119,572 (±2,516) | 1,503,660 (±20,826) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Miami, the rental vacancy rate is higher than in Miami-Dade County (5.5%).
It is also lower than in Florida (7.6%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near Miami
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Miami | — | 6.5% (±0.5 points) | — |
| Brownsville | 3.8 mi | 2.3% (±1.6 points) | Lower |
| Fisher Island | 4.2 mi | 48.8% (±51.2 points) | Not measurably different |
| Miami Beach | 4.5 mi | 7.6% (±1.5 points) | Not measurably different |
| Gladeview | 4.9 mi | 2.1% (±2.3 points) | Lower |
| El Portal | 5.6 mi | 0.0% (±45.1 points) | Not measurably different |
| West Miami | 5.6 mi | 6.3% (±5.5 points) | Not measurably different |
| Miami Springs | 5.9 mi | 2.0% (±2.2 points) | Lower |
| West Little River | 5.9 mi | 0.6% (±0.8 points) | Lower |
Nearby places with a measurably lower figure: Brownsville, FL (2.3%), Gladeview, FL (2.1%), Miami Springs, FL (2.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Miami-Dade County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 11 | Miami Beach | 7.6% (±1.5 points) |
| 12 | Glenvar Heights | 7.4% (±3.5 points) |
| 13 | Aventura | 7.3% (±2.7 points) |
| 14 | North Bay Village | 7.1% (±6.9 points) |
| 15 | Kendale Lakes | 7.0% (±3.1 points) |
| 16 (tie) | Doral | 6.5% (±2.1 points) |
| 16 (tie) | Miami | 6.5% (±0.5 points) |
| 18 (tie) | South Miami | 6.3% (±3.5 points) |
| 18 (tie) | West Miami | 6.3% (±5.5 points) |
| 20 | Kendall | 5.9% (±2.1 points) |
| 21 | Homestead | 5.6% (±2.4 points) |
| 22 | Virginia Gardens | 5.1% (±7.1 points) |
| 23 | Westchester | 5.0% (±2.6 points) |
Showing 13 of 70 places in Miami-Dade County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Miami
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Miami, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Miami beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Miami, and send estimates and invoices from your phone.
Questions about Miami
Is it hard to find a rental in Miami?
The rental vacancy rate in Miami, FL is 6.5% (±0.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Miami tighter than it was?
In Miami, the rental vacancy rate went from 6.8% in 2015–2019 to 6.5% in 2020–2024 (−0.3 percentage points), not a measurable change.
How many homes are vacant in Miami?
An estimated 29,005 (±1,460) housing units, 13.0% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Miami city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Miami city, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Miami city, Florida (place:45000, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Miami at a glance
- Median rent in Miami
- Rent by bedrooms in Miami
- Rent burden in Miami
- Renters and owners in Miami
- Income and affordability in Miami
- Home values in Miami
- Homeowner costs in Miami
- Property taxes in Miami
- Types of homes in Miami
- Bedrooms in Miami
- Age of homes in Miami
- Heating fuel in Miami
- Commute and cars in Miami
- Crime reported to police in Miami
- Population growth in Miami
- How long people stay in Miami
- Crowding and facilities in Miami
- Fair Market Rent in Miami
- Florida landlord and tenant rules
- Housing across Miami-Dade County
- Florida places ranked by rental vacancy rate
- Housing data for every place in Florida