Home Values in Hialeah, Florida — 2026 Market Report
Updated March 2026 | Seller's Market | +5.2% YoY
The median home value in Hialeah, Florida is $425,000 as of March 2026, which is above the national median of $400,000. Home values in Hialeah have increased by 5.2% over the past year and 28.8% over the last five years. With a population of 223,109 and a median household income of $33,999, the price-to-income ratio stands at 12.5x, making Hialeah affordable for the average household.
Hialeah Housing Market Conditions
| Metric | Hialeah | National Avg |
|---|---|---|
| Median Home Value | $425,000 | $400,000 |
| YoY Appreciation | +5.2% | +3.8% |
| 5-Year Appreciation | +28.8% | +22.4% |
| Price per Sq Ft | $200 | $222 |
| Days on Market | 27 days | 45 days |
| Months of Supply | 2.9 | 3.5 |
| List-to-Sale Ratio | 96.3% | 98.5% |
| Monthly Homes Sold | 210 | — |
| Foreclosure Rate | 0.35% | 0.3% |
Home Value Trends in Hialeah
A homeowner who purchased at the median price of $329,969 five years ago in Hialeah would have gained approximately $95,031 in equity, representing a 28.8% return on investment. Over the past year alone, the typical homeowner gained $21,008 in home equity.
Affordability in Hialeah, FL
With a median household income of $33,999 and a median home price of $425,000, the price-to-income ratio in Hialeah is 12.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,506 compared to estimated monthly ownership costs of $2,324 gives a rent-vs-buy ratio of 0.93. In Hialeah, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Hialeah
The effective property tax rate in Florida is 0.86%. On a home valued at $425,000, the estimated annual property tax bill is $3,655, or approximately $305/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Hialeah is 108.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Hialeah, FL?
The median home value in Hialeah, Florida is $425,000 as of March 2026. Home values have changed +5.2% over the past year, with a 5-year appreciation of 28.8%.
Is Hialeah a buyer's or seller's market?
Hialeah is currently a seller's market with 2.9 months of housing supply. Homes spend an average of 27 days on market, and the list-to-sale price ratio is 96.3%. Low inventory gives sellers an advantage.
Are home values going up in Hialeah?
Yes, home values in Hialeah have increased by 5.2% over the past year. The 5-year appreciation rate is 28.8%, meaning a home worth $329,969 five years ago is now worth $425,000.
Is it better to rent or buy in Hialeah?
The average monthly rent in Hialeah is $2,506, while estimated monthly homeownership costs are approximately $2,324. The price-to-rent ratio is 14.1. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Hialeah, Florida is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.