Miami Investor Market Report: Q1–Q2 2026 Data

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Corporate and LLC buyers held 34.0% of the 14,188 tracked single-family properties in the Miami metro between January 1 and May 31, 2026, a total of 4,828 homes, backed by a buyer pool of 12,933 unique entities, both the largest dataset and the most numerous buyer pool this report series has recorded. Cash drove 66.8% of purchases, and the $620,000 median makes Miami the series’ most expensive market by far, with an average value of $1,125,783 that more than doubles the next-highest.

More than any market this series has covered, Miami inverts the assumptions the data usually supports. Its out-of-state share (12.0%) is the lowest recorded: premium-priced SFR in South Florida is overwhelmingly a local capital story. Its $1M+ tier captures 28.2% of tracked activity, the heaviest luxury concentration the series has seen. And its zip code map is the flattest ever produced, with barely a percentage point of spread across the top ten. This report breaks down where investors bought, what they paid, who led the market, and what five months of sustained data signal heading into summer.

Data sourced and verified by the iBuyer.com Market Insights Team. Coverage period: January 1 through May 31, 2026.

Corporate Ownership Rate: 34.0% Across a 14,188-Property Dataset

Of the 14,188 single-family properties tracked across the Miami metro from January 1 through May 31, 2026, corporate entities held 4,828, a 34.0% ownership rate. That figure places Miami at the lower end of the series’ five-month markets in corporate rate, near Jacksonville (35.4%) and Houston (35.0%), but the scale is without precedent: Dallas’s 15,000 is the only dataset in the series larger, and Miami’s buyer pool of 12,933 unique entities nearly doubles Dallas’s 12,495.

The structure follows the series’ standard fragmentation pattern, but at premium prices. The largest owner, FKH SFR R LP, holds 185 properties worth $111.5 million, the FirstKey-linked entity now appearing in its third market (Charlotte 49, Las Vegas 55). PR Borrower 27 LLC ranks second with 127, extending the cross-market borrower entity’s reach to a third major dataset after Atlanta (#1, 224 properties) and Houston (#1, 100 properties). Both names are familiar; the price points they operate at here are not.

Per this dataset’s zip-level figures, corporate penetration varies significantly by submarket. South Florida’s 33311 in Lauderhill shows roughly 47% corporate activity (97 of 206 sales), while Palm Beach Gardens’ 33418 and Wellington’s 33414 run in the 24-36% range despite leading in transaction volume. The higher-priced West Palm Beach coastal zip 33405, averaging $1,109,000, draws 160 tracked transactions at a concentration that the data suggests skews toward individual high-net-worth buyers.

“What we’re seeing here is a tale of two institutional strategies playing out across Miami’s SFR landscape. While FKH SFR R LP dominates with 185 properties worth $111.5 million, suggesting a pure rental yield play, the more revealing story lies in the geographic concentration: just 10 zip codes account for 15% of all activity, with 33418 and 33414 leading at over 200 properties each. The data tells us that 34% corporate ownership combined with 67% cash purchases reflects sophisticated capital chasing Miami’s rental fundamentals, particularly in the $400k-$1M sweet spot that represents 58% of transactions. For this institutional appetite to cool, we’d need to see either rental growth decelerate significantly or alternative markets offer meaningfully better risk-adjusted returns than Miami’s proven demographics and job growth trajectory.”

Where Investors Are Buying: A Flat Map Across Tri-County South Florida

Tracked activity spans 25 zip codes across Miami-Dade, Broward, and Palm Beach Counties, and the distribution is unlike anything this series has recorded. The leader, Palm Beach Gardens’ 33418, holds just 1.6% of the dataset (220 properties), and by the time the table reaches tenth place, 33405, the share has barely moved to 1.1%. The entire 10-zip spread is smaller than the gap between Frayser (10.5%) and second place (8.5%) in the Memphis report published alongside this one. Capital is not concentrating here; it is covering the entire tri-county footprint at roughly equal density.

What the zips share is price. Every entry in the top ten averages above $400,000, and six of the ten average above $600,000. Palm Beach County’s coastal 33405 in West Palm Beach averages $1,109,000, the highest top-ten zip average the series has recorded, surpassing the $845,000 set by Summerlin South in Las Vegas. These are the established master-planned and coastal communities of South Florida, from Wellington’s equestrian estates to Jupiter’s waterfront neighborhoods, not distressed urban cores.

The one outlier from the premium pattern is 33311, where a $406,000 average sits well below the rest of the table. Lauderhill and the Broward inner-ring represent the entry tier of the top-ten map, drawing higher corporate concentration and lower per-property values than the Palm Beach County clusters that dominate the rest of the list.

Price Tiers: 28.2% in the $1M+ Band, Highest Luxury Share in the Series

Miami’s distribution is the mirror image of Memphis’s: where Memphis put 55.8% of activity under $150k, Miami puts only 2.2% there and anchors nearly 86% of tracked transactions at $400k and above. The $400k-$600k tier leads at 30.2% (4,288 properties), the $600k-$1M tier follows at 27.6%, and the $1M+ tier captures 28.2%, the heaviest luxury concentration any market in this series has recorded. The entire sub-$400k universe holds barely 14% of activity.

The metro’s labor market scale supports those price points: Bureau of Labor Statistics metro employment data tracks roughly 3.0 million nonfarm jobs across the Miami-Fort Lauderdale-West Palm Beach metro, nearly three times the size of any other market in this series, the demand engine behind mid-to-premium rental properties across all three counties.

The $620,000 median against a $1,125,783 average creates an 82% mean-to-median spread, the widest in the series by a substantial margin, driven by the thick luxury tail above $1M. For the listing-side benchmark, median listing price data for the Miami-Fort Lauderdale-West Palm Beach metro tracked by the St. Louis Fed provides the asking-side context; investor-held assessed values at a $620,000 median suggest buyers operating at or near market midpoint across South Florida, not hunting discounts.

Housing Stock: Established Neighborhoods Across the Tri-County Area

The build profile tells a story of South Florida’s postwar expansion. The 1950s dominates at 21.1% (2,984 properties), concentrated in the established neighborhoods of Miami-Dade that developed during the early postwar boom, and 41.7% of the dataset predates 1970, against a median build year of 1976. Post-boom decades are well represented too: the 1980s contributes 16.1%, reflecting the condominium and subdivision surge that followed statehood-era growth, and the 1990s, 2000s, and 2020s together add roughly 27%. This is not a renovation-only market; investors are buying across the full age spectrum.

Market value in this dataset reflects assessed market value from public records at the time of export, and Florida’s annual assessment cycle keeps those values current: the Miami-Dade County Property Appraiser’s annual assessment roll runs on a January 1 valuation date, with the 2026 assessment estimates already released as of early June. For Broward and Palm Beach County properties in this dataset, the same annual Florida cycle applies.

Full Market Snapshot: Miami at a Glance

Who Is Buying: FKH and PR Borrower Together for the Second Time

The buyer table brings together two names that have appeared consistently in opposite corners of the series. FKH SFR R LP leads with 185 properties worth $111.5 million, the FirstKey Homes-linked entity now recorded in Charlotte (49), Las Vegas (55), and Miami (185), demonstrating a systematic expansion across Sunbelt growth markets. PR Borrower 27 LLC ranks second with 127, the third market in which this institutional borrower entity has appeared after leading Atlanta (224 properties) and Houston (100 properties). The $111.5 million FKH deployed here exceeds any single market position this series has tracked outside Atlanta.

P4 LT Borrower 1 LLC at fourth with 33 returns from Houston (27), extending its footprint to a second major Florida market. Prestige Palm Triton LLC at third appears to be a local South Florida operator, the only locally-grounded name in the top four.

The fragmentation beneath these positions is the story’s punchline. Four institutions hold 384 properties among them, 2.7% of the dataset, while 12,933 unique entities own the rest. With 6,259 distinct corporate buyers behind 4,828 corporate-held properties, more entities than properties, Miami posts the same structural signature as the Las Vegas, Denver, and Indianapolis reports: deep institutional presence at the top, extreme fragmentation underneath.

Market Implications: What 14,188 Transactions Mean for You

Reading the Signals: Five Months of Miami Data

Q1 Through Q2: $400k-$1M Commanded 57.8% All Five Months

The January 1 to May 31 window covers the full first quarter and the opening two months of Q2, which turns the tier data from a snapshot into evidence of structural behavior. The $400k-$600k and $600k-$1M bands together held 57.8% of all tracked activity, the series’ largest premium-tier combined share, and that figure did not spike in spring; it held through winter too. A market where roughly three in five tracked investor transactions land in the $400k-$1M range, through cool months and into the spring ramp, is not reacting to seasonal heat; it has simply priced itself at that level permanently. Because the dataset does not break out by quarter, no sub-period figures can be claimed; the persistence through five months is the evidence. Heading into summer, sellers in the $400k-$1M corridor are entering the most reliably active price band the South Florida investor market has produced across this data window.

The 12.0% OOS Reading: Why Miami Is a Local-Capital Market

Miami’s 12.0% out-of-state share is the lowest in this report series, a series record in the opposite direction from the streak Memphis started at 27.6%. The result seems counterintuitive for a market famous for attracting global wealth, but the dataset’s structure explains it. At a $620,000 median, a remote investor seeking entry-level cash flow cannot compete; the rent-to-price ratios that draw national capital to Memphis, Kansas City, and Birmingham do not exist at South Florida price points. Instead, a Miami SFR investor is typically a Florida-resident seeking appreciation and equity, a local who already understands the market, or an institution that has committed capital at scale. The 12.0% reading also reflects the geographic breadth of the dataset: tri-county South Florida is a large, internally diverse metro where most buyers live within driving distance of their assets. For sellers the implication is that buyer competition in Miami is local, deep, and cash-rich, rather than driven by waves of out-of-state capital chasing discount entry points.

The Largest Dataset, the Flattest Map, the Biggest Average

Three of Miami’s series records come packaged together. At 14,188 tracked properties, it is the largest five-month dataset and the second largest overall. At a $1,125,783 average, it sits more than $500,000 above the next-highest (Denver at $595,000, data on means not universally available). And its zip map is the flattest the series has produced: the top zip holds just 1.6% of activity, the top ten span only half a point, and the overall 25-zip footprint runs from Frayser-price-level Broward (33311 at $406,000) to West Palm Beach luxury (33405 at $1,109,000) with relatively even transaction density throughout. The three facts share a cause: at premium prices, investor capital does not cluster into one distressed core because no distressed core exists. It disperses across an entire metro’s premium housing stock, following rental yield wherever property tax loads, tenant demographics, and appreciation trajectories make the math work. That broad deployment, 14,188 tracked transactions across three counties, is itself the signal heading into summer: Miami’s investor market is not a niche; it is a structural feature of the entire regional economy.

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Data sourced and verified by the iBuyer.com Market Insights Team. Coverage period: January 1 through May 31, 2026.

Reilly Dzurick

Reilly Dzurick is a licensed real estate agent with over six years of experience and a member of the iBuyer.com Market Insights Team, covering national trends in home selling and the evolving iBuyer landscape. Her firsthand experience working with buyers and sellers gives her a practical perspective on how these platforms impact real homeowners. She holds a degree in Public Relations, Advertising, and Applied Communication.