"Miami’s price-to-rent ratio puts it at No. 6 among the 50 most-populous cities...the ratio compares the cost of buying a home to the cost of renting. Miami’s average monthly rent payment is $2,767, while the average monthly mortgage payment — with a 6.8% mortgage rate — is $2,913." http://southfloridaagentmagazine.com/2023/05/19/miami-ranked-a-top-six-city-in-the-nation-to-buy-vs-rent/?utm_source=emailoctopus&utm_medium=email&utm_campaign=5.22%20SF%20-%20AU