House Prices

Melrose Miami, FL House Prices & Home Values 2026


Average Data

average house price$288,216
average size per house1294 ft²
average price per ft²206 $ / ft²

04/15/2026 - The value range (VR) for house prices in Melrose Miami, FL is $195.7/ sqft to $216.3/ sqft. An average home with 1294 sqft costs approximately $233,990 to $258,621. Miami, FL includes 1 ZIP codes and it is located in Miami Dade county. The lowest prices are found in ZIP 33142, while the highest are in ZIP 33142. The average price per sqare feet is $206. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Melrose Miami

33142209 $ / ft²




Historical development of home values in Melrose Miami

Year Estimated value (USD) Change vs. 2025
2010 $133,853 -53.6%
2011 $128,677 -55.4%
2012 $128,330 -55.5%
2013 $133,127 -53.8%
2014 $139,746 -51.5%
2015 $146,919 -49.0%
2016 $154,586 -46.4%
2017 $162,930 -43.5%
2018 $171,937 -40.3%
2019 $179,910 -37.6%
2020 $189,210 -34.4%
2021 $215,206 -25.3%
2022 $250,882 -13.0%
2023 $264,567 -8.2%
2024 $279,872 -2.9%
2025 $288,216 0.0%

Graph: estimated home values in Melrose Miami over time (USD)



Example: 100% financing house in Melrose Miami

Loan amount: $288,216

Interest rate: 5.54%

Fixed monthly payment: $1,644.42

Breakdown in the 1st month:
Interest portion: $1,331.56  –  Principal portion: $312.87

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,881.81 $3,851.28 $284,364.72
2 $15,662.79 $4,070.30 $280,294.42
3 $15,431.31 $4,301.78 $275,992.63
4 $15,186.66 $4,546.43 $271,446.20
5 $14,928.10 $4,804.99 $266,641.22
6 $14,654.84 $5,078.25 $261,562.97
7 $14,366.04 $5,367.05 $256,195.91
8 $14,060.81 $5,672.28 $250,523.63
9 $13,738.22 $5,994.87 $244,528.76
10 $13,397.29 $6,335.80 $238,192.96
11 $13,036.97 $6,696.12 $231,496.84
12 $12,656.16 $7,076.93 $224,419.91
13 $12,253.69 $7,479.40 $216,940.50
14 $11,828.33 $7,904.76 $209,035.74
15 $11,378.78 $8,354.31 $200,681.43
16 $10,903.66 $8,829.43 $191,852.00
17 $10,401.53 $9,331.56 $182,520.44
18 $9,870.84 $9,862.25 $172,658.19
19 $9,309.96 $10,423.13 $162,235.06
20 $8,717.19 $11,015.90 $151,219.16
21 $8,090.71 $11,642.38 $139,576.78
22 $7,428.60 $12,304.49 $127,272.30
23 $6,728.84 $13,004.25 $114,268.04
24 $5,989.28 $13,743.81 $100,524.23
25 $5,207.66 $14,525.43 $85,998.80
26 $4,381.59 $15,351.50 $70,647.30
27 $3,508.54 $16,224.55 $54,422.75
28 $2,585.84 $17,147.25 $37,275.49
29 $1,610.66 $18,122.43 $19,153.06
30 $580.03 $19,153.06 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Melrose Miami, FL


1500 sqft3900 sqft
Ø selling price$345,475$734,919
Ø fast selling$314,068$661,427
Ø high price sale$376,882$808,411

In 2026, houses in Melrose Miami, FL will be offered at an average price of $206 per square foot. A 1,500 sqft home priced at $345,475 is 21.25% more expensive per square foot than a 3,900 sqft home priced at $734,919. Home prices in Melrose Miami, FL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $508,790. Sellers who can wait longer may achieve a higher price of up to $621,854.


Melrose, Miami, FL Neighborhood Guide

Overview

The Melrose Miami neighborhood is centrally located and known for its residential streets, local flavor, and convenient connectivity.
Living in Melrose, Miami, FL appeals to residents seeking an urban vibe with community-oriented charm close to major city hubs.

Location & Connectivity

The neighborhood offers quick access to major thoroughfares like State Road 836 and 112, streamlining commutes to Downtown Miami, the Health District, Wynwood, and the beaches.
Proximity to Miami International Airport and multiple Metrobus routes adds travel flexibility for professionals and families.

Housing & Lifestyle

Housing options in Melrose range from modest single-family homes to multifamily buildings, giving renters and buyers diverse choices and value.
Tree?lined blocks, neighborhood markets, and everyday conveniences support a walkable lifestyle with authentic Miami character.

Parks, Dining & Culture

Residents enjoy nearby parks, youth programs, and casual eateries serving Latin, Caribbean, and American flavors.
Weekend routines often include local cafes, food trucks, and quick trips to cultural corridors in Little Havana and Allapattah.

Schools & Real Estate

Families benefit from access to Miami?Dade County Public Schools, community centers, and a network of health services within a short drive.
With competitive pricing and steady demand, real estate in Melrose Miami?including homes for sale and rental apartments?offers an attractive entry point for first?time buyers and investors seeking strong rental potential.



FAQ – Home Values in Melrose Miami

What is the median home value in Melrose Miami in 2026?

In 2026, the typical home value in Melrose Miami is about $288,216 for an average home size of 1294 square feet. This corresponds to an average price of roughly $206 per square foot.

What is the average cost per square foot in Melrose Miami?

In 2026, homes in Melrose Miami sell for an average of around $206 per square foot, with a typical range between $195.7 and $216.3 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Melrose?

The average home size in Melrose Miami is about 1294 square feet, with an estimated 2026 value around $288,216.



Neighborhoods close to Melrose Miami, FL

Biscayne Key Estates Key Biscayne, FL910 $ / ft²
The Hammocks Miami, FL196 $ / ft²
Woodmont Fort Lauderdale, FL189 $ / ft²
West Little Havana Miami, FL265 $ / ft²
Gifford Vero Beach, FL181 $ / ft²
Lockmar Estates Palm Bay, FL139 $ / ft²
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