dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +66.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +247.5% YoY, is the number to watch.
The median listing price is up 66.4% YoY while the median home got down 5.8% bigger, so value per square foot is up 160.0%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $521K purchase rents for $2,442/mo: 0.47% of price per month against the 1% rule's 1.00%.
Not shown: 4 BR (sale only, no matching rent).
Sales here take about 76 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 33128 itself, not its parent county.
Renters hold 97.5% of this ZIP's 4,395 occupied households, on a median household income of $43K.
| Measure | ZIP 33128 | Miami-Dade County | Difference |
|---|---|---|---|
| Median Household Income | $43K | $72K | -$29K |
| Below Poverty Level | 19.0% | 14.7% | +4.3% |
| Median Age | 43.70 | 40.70 | +3.00 |
| Total Population | 9,475 | 2,738,356 | -- |
| Avg Household Size | 2.06 | 2.76 | -0.70 |
| Owner-Occupied | 2.5% | 52.2% | -49.7% |
| Worked From Home | 7.4% | 14.0% | -6.6% |
| Mean Commute | 26.50 | 30.90 | -4.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 2.0% to 2,738,356: residents under 18 are up 1.4% and those 65 and over are up 2.6%.
County median household income is $72K, 14.7% of residents are below the poverty level, 14.0% work from home.