Miami - FL vs San Antonio - TX: 2026 Housing Comparison

What this means for buyers

Miami - FL is roughly 74% more expensive than San Antonio - TX in typical home value. San Antonio - TX sees more listings with price cuts (30.4% vs 19.0%), a sign of softening seller expectations.

Miami vs San Antonio: 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 $1,505 in San Antonio, a gap of $1,116 a month.

Typical rent runs $2,654 in Miami and $1,415 in San Antonio, so the mortgage payment alone is 1.0 times rent in Miami and 1.1 times rent in San Antonio, before taxes and insurance.

Home prices are 15.0 years of rent in Miami and 16.1 in San Antonio; 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 -4.8% in San Antonio; over just the last three months the change was +0.7% in Miami and -0.6% in San Antonio.

Homes sell for 95.7% of list price in Miami and 97.2% in San Antonio, after 52 and 53 days on the market, with price cuts on 19% and 30% of listings. The signs are mixed: Miami has sales further below list, while San Antonio has more price cuts and longer time on the market.

The number of homes for sale is down 14% on a year ago in Miami and up 4% on a year ago in San Antonio.

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.