Miami - FL vs Las Vegas - NV: 2026 Housing Comparison

What this means for buyers

Miami - FL is roughly 13% more expensive than Las Vegas - NV in typical home value. Homes sit on market longer in Miami - FL (52 days vs 38), suggesting more buyer leverage there. Las Vegas - NV sees more listings with price cuts (30.3% vs 19.0%), a sign of softening seller expectations.

Miami vs Las Vegas: what the numbers say

At today's 7.32% average 30-year rate with 20% down, the typical home would cost about $2,620 a month in principal and interest in Miami and $2,323 in Las Vegas, a gap of $298 a month.

Typical rent runs $2,654 in Miami and $1,732 in Las Vegas, so the mortgage payment alone is 1.0 times rent in Miami and 1.3 times rent in Las Vegas, before taxes and insurance.

Home prices are 15.0 years of rent in Miami and 20.3 in Las Vegas; the lower ratio in Miami means buying there is cheaper relative to renting.

Over the last 23 months typical values moved -4.4% in Miami and -3.4% in Las Vegas; over just the last three months the change was +0.7% in Miami and -0.8% in Las Vegas.

Homes sell for 95.7% of list price in Miami and 98.1% in Las Vegas, after 52 and 38 days on the market, with price cuts on 19% and 30% of listings. The signs are mixed: Miami has longer time on the market and sales further below list, while Las Vegas has more price cuts.

The number of homes for sale is down 14% on a year ago in Miami and up 2% on a year ago in Las Vegas.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-22), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.