NO
On $125,000/yr, the typical $476,815 home in Miami, FL needs $149,282/yr ($3,483/mo). Your gap: $-24,282 — housing would be 33.4% of your gross income.
The math
476,815 price − 10% down (47,682) = 429,133 loan
30-yr fixed at 7.18% on 429,133 = 2,907/mo principal+interest
+ 576/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
3,483/mo PITI ÷ 0.28 = 12,440/mo → 149,282/yr required
against Zillow ZHVI 2026-09 and the 7.18% FRED 30-yr rate (2026-11-05).
What salary WOULD clear Miami, FL?
You need about $149,282/yr for the typical home. That's $24,282 more than $125,000.