Miami has one of the best overall real estate outlooks in the nation for 2025, according to the annual Emerging Trends in Real Estate report. 

The report, by PwC and the Urban Land Institute, included interviews with more than 450 people and survey responses from 1,600 individuals in real estate, building, lending, construction, investing, property management and related fields.

Experts were asked to rate markets in categories such as investment potential and development opportunities, creating an overall real estate prospects score for 81 metro areas. 

The areas with the best overall real estate prospects are, in order: Dallas-Fort Worth, Miami, Houston, Tampa-St. Petersburg, Nashville, Orlando, Atlanta, Boston, Salt Lake City and Phoenix.

The report noted Miami’s home price growth, driven by demand from international and wealthy buyers. “It remains to be seen whether Miami’s performance will be sustained,” according to the analysis. “The city’s coastal geography and subtropical location render it especially vulnerable to climate risk. High home prices may drive even more international migration to inland locations. Even so, it is undeniable that Miami remains a desirable place to live and work, and the city will likely remain an important destination for new businesses, tourists, and residents for years to come.” 

The report also rated the investment prospects of various housing types on a scale of one to five, with five being the best. It gave single-family housing a 3.6, down slightly from last year’s 3.68 but up from 3.32 the previous year.