Zillow South Florida: Affordability Breakdown

Zillow breaks down how incomes and affordability match up in South Florida.

Miami-Fort Lauderdale metro highlights:

• The median income is $49,528.
• 20.4 percent of income is spent on a monthly mortgage payment, and 43.9 percent is spent on rent.
• A 20 percent down payment on a median-valued home in Miami-Fort Lauderdale would require a potential buyer to have saved $44,680.
• The ZHVI (Zillow Home Value Index) rose by 10.4 percent over the past year, to $223,400.