CALCMONEY // HOME AFFORDABILITY // FL // HIALEAH
How much house can you afford in Hialeah? Based on local median home prices, current FL mortgage rates, and Hialeah property tax data.
$450,000
$2,933/mo
$125,720/yr
$123,526
Monthly housing costs of $2,933 represent 67.7% of Hialeah's median gross monthly income ($4,333/mo). At 67.7%, median-income buyers in Hialeah are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $450,000 |
| Down Payment (20%) | $90,000 |
| Loan Amount | $360,000 |
| Monthly PI Payment | $2,371 |
| Monthly Property Tax | $375 |
| Monthly Insurance Est. | $188 |
| Total Monthly PITI | $2,933 |
| Housing Cost % of Income | 67.7% |
| Required Income (28% rule) | $125,720/yr |
| Max Affordable Home | $123,526 |
$15,750
$3,730/mo
Hialeah Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $450,000 | Hialeah city median |
| Down Payment (20%) | $90,000 | Conventional loan |
| Monthly PITI | $2,933 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $125,720 | Annual gross |
| Max Affordable Home | $123,526 | Based on median income |
| FHA Down (3.5%) | $15,750 | Minimum FHA |
| Housing Cost % of Income | 67.7% | Median income: $52,000/yr |
| Property Tax Rate | 1% | $4,500/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Hialeah is $450,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $360,000, generating a monthly P&I payment of $2,371. Adding property taxes ($375/mo) and homeowners insurance ($188/mo) brings total monthly PITI to $2,933.
Hialeah's property tax rate of 1% is near the national average, adding a standard increment to monthly housing costs. On the Hialeah median home, that is $375/month, or $4,500 per year.
Florida has no state income tax, improving effective take-home pay for Hialeah residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Hialeah's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Hialeah's mortgage rate of 6.9% and property tax rate of 1%, that translates to a maximum affordable home price of approximately $123,526 with 20% down on a 30-year loan.
To afford the median Hialeah home priced at $450,000, you need an annual gross income of approximately $125,720. Total monthly housing costs (principal and interest of $2,371, property taxes of $375, and insurance of $188) come to $2,933/month, which equals 28% of the required income.
At the median home price of $450,000 and median household income of $52,000, the total monthly housing cost of $2,933 represents 67.7% of gross monthly income. This is well above the standard 28% threshold, making Hialeah a challenging market for buyers at median income.
A conventional 20% down payment on the median Hialeah home of $450,000 is $90,000. An FHA loan requires just 3.5% down — $15,750 — but adds mortgage insurance of roughly $308/month, bringing total FHA payments to $3,730/month.