Hialeah Delivers 8.1% Rental Yields, Outpacing Miami Suburbs

Hialeah delivered the highest average rental yield among Miami suburbs at 8.1 percent for the three months ending June 30, according to Miami-Dade County assessor records released this week.

The figure matters now because mortgage rates have stayed above 6 percent since early 2025, pushing more households to rent rather than buy while investor capital continues flowing into South Florida from New York and Chicago buyers seeking cash-flow positive assets. Local agents report that properties bought under $400,000 still clear positive monthly cash flow after taxes and insurance in Hialeah, a rarity inside the urban core.

Two blocks south of Palm Avenue, three-bedroom homes near the Hialeah Park Race Track rent for $2,650 a month to employees at Miami International Airport, five miles west. The city’s own First-Time Homebuyer Program, administered through the Hialeah Housing Authority, has placed 142 new rental units on the market since January, adding supply without flooding the single-family segment that investors target.

Price and yield data

County figures show the median sale price for single-family homes in Hialeah hit $372,000 on June 15, down 3 percent from the same date last year. Average asking rents climbed to $2,480, producing the 8.1 percent gross yield when divided by purchase price. Comparable yields in Coral Gables sit at 4.9 percent and in Brickell at 4.2 percent, the same county spreadsheet indicates.

Next steps for buyers

Investors should review listings on the Miami Association of Realtors MLS within zip codes 33010 and 33012 before the next tax-assessment cycle in September. Local lenders such as Ocean Bank are still offering 25 percent down investor loans at 6.75 percent for properties under $450,000, a window that may close if the Federal Reserve cuts rates later this summer.