Zip 33131 (Miami, FL) Housing

The housing market in 33131 Miami, FL is booming. The median value of houses in this area is $578,800, which is significantly higher than the US House Median Value of $338,100. Furthermore, the 1-year house appreciation rate in 33131 Miami, FL has increased by an impressive 22.93%, compared to the US average of 8.27%. This indicates that now is a great time to invest in property in this neighborhood.

The median home cost in Miami (zip 33131) is $578,800. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Miami (zip 33131) is up 25.1%.

Average Age of Homes

- The median age of Miami (zip 33131) real estate is 15 years old

The Rental Market in Miami (zip 33131)

- Renters make up 38.3% of the Miami (zip 33131) population
- 9.2% of houses and apartments in Miami (zip 33131), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Miami, Florida	United States
	18,297.0	139,647,020.0
	17	42
	$578,800	$338,100
	25.1%	16.6%
	73.5%	57.0%
	179.0%	101.1%
	$8.91	$10.98
	$7,764	$2,690
	20.8%	57.4%
	32.8%	11.2%
	46.4%	31.4%
Vacant Housing
	9.2%	1.9%
	1.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	21.3%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.4%	4.5%
	1.8%	11.3%
	0.8%	13.0%
	15.8%	20.1%
	16.6%	13.6%
	16.0%	8.3%
	24.5%	9.7%
	11.0%	3.9%
	6.5%	2.2%
	2.2%	0.8%
	3.9%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	50.2%	13.6%
	50.2%	13.6%
	13.1%	13.6%
	4.0%	13.2%
	4.4%	14.8%
	13.1%	13.6%
	0.6%	10.0%
	0.1%	4.7%
	0.6%	12.2%

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