Houston - TX vs Miami - FL: 2026 Housing Comparison

What this means for buyers

Miami - FL is roughly 57% more expensive than Houston - TX in typical home value. Homes sit on market longer in Miami - FL (52 days vs 45), suggesting more buyer leverage there. Houston - TX sees more listings with price cuts (29.0% vs 19.0%), a sign of softening seller expectations.

Houston vs Miami: what the numbers say

At today's 7.40% average 30-year rate with 20% down, the typical home would cost about $1,677 a month in principal and interest in Houston and $2,641 in Miami, a gap of $964 a month.

Typical rent runs $1,638 in Houston and $2,654 in Miami, so the mortgage payment alone is 1.0 times rent in Houston and 1.0 times rent in Miami, before taxes and insurance.

Home prices are 15.4 years of rent in Houston and 15.0 in Miami; the lower ratio in Miami means buying there is cheaper relative to renting.

Over the last 23 months typical values moved -3.8% in Houston and -4.4% in Miami; over just the last three months the change was -0.4% in Houston and +0.7% in Miami.

Homes sell for 97.3% of list price in Houston and 95.7% in Miami, after 45 and 52 days on the market, with price cuts on 29% and 19% of listings. The signs are mixed: Houston has more price cuts, while Miami has longer time on the market and sales further below list.

The number of homes for sale is up 3% on a year ago in Houston and down 14% on a year ago in Miami.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-15), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.