Affordable & Income-Based Housing in Miami Beach

Affordability in Miami Beach, FL

Miami Beach is a majority-renter city, with 59% of households renting their homes and a median household income of $72,856 per year, according to Census ACS 5-Year data (2024). The citywide median rent of $1,826 per month underscores why income-restricted housing is a critical resource for many residents here.

• HUD-assisted and income-restricted properties in Miami Beach: 10 properties with 1,165 total units

Safety

According to FBI Crime Data Explorer, the Miami Beach Police Department reported a violent crime rate of 1,074 per 100,000 residents in 2022. Crime rates are not comparable across cities due to differences in reporting practices and local definitions.

Getting Around Miami Beach

According to Walk Score, assisted properties in Miami Beach average an 89 (Very Walkable) Walk Score, a 58 (Good Transit) Transit Score, and a 74 Bike Score -- reflecting strong options for residents without a car.

Schools

According to NCES Common Core of Data, 6 public schools across 1 district serve Miami Beach, including 4 elementary, 1 middle, and 1 high school. Ratings vary by school, so renters should check the assigned schools for a specific address before making a decision.

Cost of Living in Miami Beach

Miami Beach is one of South Florida's most expensive rental markets. The median household income is $72,856 per year and the median asking rent is $1,826 per month, according to the Census ACS 5-Year estimate (as of 2024).

Affordable and income-based housing can offer significant relief here. HUD-assisted and LIHTC programs set rents based on a percentage of area median income, making them well below typical market rates in this city.

• Median household income: $72,856/year (Census ACS 5-Year, 2024)
• Median market rent: $1,826/month (Census ACS 5-Year, 2024)
• Renter households: 59% of occupied units (Census ACS 5-Year, 2024)

Environment and Flood Risk

Flood risk is a serious consideration in Miami Beach. According to HUD flood mapping data, all 10 affordable housing properties tracked on this page -- representing all 1,165 units -- are located in high-risk flood zones. Renters should factor flood insurance eligibility and preparedness into their housing decisions.