Miami-Dade Foreclosure Market Report — May 2026

Executive Summary

Miami-Dade County's foreclosure auction pipeline for May 2026 shows a modest but measurable market, with 179 properties scheduled for auction. The headline finding from BIDROI's scoring analysis is cautionary: the average BIDROI Score™ of 39.6 out of 100 places the overall pipeline below the opportunity threshold, with nearly half of all listings falling into the PASS category. Investors should approach this month's calendar with selectivity, as high judgment amounts relative to assessed values compress the margin profile across most listings.

Market Volume

Miami-Dade County recorded 179 foreclosure cases scheduled for auction in May 2026, representing a well-defined snapshot of the county's distressed property pipeline. The average final judgment across all 179 cases stands at $660,188 — a figure that reflects the persistent elevation of underlying debt in one of the nation's most expensive coastal markets.

With an average assessed just value of $768,903 (based on 49.2% data coverage — see Data Notes), the implied spread between judgment and assessed value appears narrow at roughly $108,000 before accounting for back taxes, liens, legal costs, or any required capital expenditure post-acquisition. Investors accustomed to wider equity cushions in other Florida counties should calibrate expectations accordingly for this cycle.

Property Mix

Of the 179 properties in this month's pipeline, verified property-type data covers 110 listings:

• Single-family homes: 83 properties
• Condominiums: 27 properties

Single-family residences dominate the typed inventory at approximately 75% of the classified pool, consistent with historical Miami-Dade foreclosure trends. The remaining 69 listings carry unconfirmed property type classifications and are excluded from the type-level breakdown.

The condo segment deserves particular scrutiny this month. Miami-Dade's condominium market has faced ongoing structural reserve and assessment pressures following post-Surfside legislative changes, and investors bidding on condo foreclosures should conduct independent HOA and reserve fund due diligence before committing capital.

BIDROI Score™ Analysis

The BIDROI Score™ is a proprietary 0–100 composite metric that weights equity margin, lien position, property condition signals, and market comparables to produce an investor opportunity rating. Coverage for this metric is 100% across all 179 properties.

May 2026 score distribution:

The average score of 39.6/100 sits just below the neutral threshold, a figure pulled down by a large concentration of high-judgment, low-equity listings. The 29 Opportunity-rated properties (16.2% of the pipeline) represent the actionable minority — a smaller share than investors typically see in higher-margin Florida counties.

The 88 Pass-rated properties (49.2% of the pipeline) should generally be avoided absent highly specific local knowledge or off-market settlement leverage. In most cases, the judgment balance leaves insufficient equity to absorb acquisition costs and generate a workable return.

For investors focused on volume, this month's calendar requires reviewing roughly six listings to identify one Opportunity-rated property — a meaningful screening burden that underscores the value of score-based pre-filtering.

Top ZIP Codes by Volume

The five most active ZIP codes account for 35 properties, or approximately 19.5% of the total pipeline:

ZIP codes 33160 (North Miami Beach / Aventura corridor) and 33157 (Palmetto Bay / Cutler Bay area) tie for the highest concentration this month. Both markets carry relatively strong owner-occupant demand and solid long-term rental fundamentals, though those characteristics are already priced into judgment amounts. 33179 and 33180 (Ojus / Aventura adjacent) represent similarly competitive submarkets where equity upside depends heavily on individual property condition.

ZIP code 33165 (Westchester / West Miami-Dade) rounds out the top five and may offer slightly more spread potential given its more interior location and historically broader price distribution.

Data Notes

Investors and analysts should be aware of the following coverage limitations for this reporting period:

• Auction results and average winning bids are not reported this month due to insufficient data coverage (below 30% threshold). No conclusions about clearing prices or bid-to-judgment ratios are drawn.
• Average assessed just value ($768,903) is based on 49.2% coverage and should be treated as directional rather than definitive. The actual distribution across all 179 properties may differ.
• Property type classification covers 110 of 179 listings; 69 properties remain unclassified in the source data.
• ZIP code coverage is 95.0%, making the geographic distribution highly reliable for this period.

All BIDROI Score™ data carries 100% coverage and remains the most statistically robust metric in this report.

Data Coverage

🟢 High (≥70%) · 🟡 Medium (30–69%) · 🔴 Low (<30%)