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City

ZIP codes

Miami, FL · 33163

Listings Jul 16, 2024 · Realtor Apr 2024 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $72K, +4.5% YoY (county); renters hold 47.8% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $395,000 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

$395K

Population

975,411

Median Days on Market

Active Listings

New Listings

Housing Market

Pricing

Median Listing Price

$395K-- YoY

Average Listing Price

$395K-- YoY

Price per Sq Ft

$466-- YoY

Median Sq Ft

848-- YoY

Inventory

Active Listings

1-- YoY

New Listings

0-- YoY

Total Listings

1-- YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

27-- YoY

Price Reduced

0.0%-- YoY

Sale Spread

as of Jul 16, 2024Active Listings

Min Listed Price

$395,000

Active listings · as of Jul 16, 2024

Median Listed Price

$395,000

Realtor · Apr 2024

Max Listed Price

$395,000

Active listings · as of Jul 16, 2024

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.

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,094,983

1.1Munits

Occupied975,41189.1%

Vacant119,57210.9%

2024 Tenure ⓘ

U.S. Census ACS · n = 975,411

975Koccupied

Owner509,44052.2%

Renter465,97147.8%

Renter Share

47.8%-0.1% YoY

Total Housing Units

1,094,983+0.9% YoY

FY2026 Fair Market Rent

CountyMiami-Dade County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,828

/month

1 BR

$1,995

/month

2 BR

$2,436

/month

3 BR

$3,127

/month

4 BR

$3,613

/month

FMR trends · Miami-Dade County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

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%.

Median Age

40.72024

Population

Miami-Dade County Population

2,838,461+2.3% YoY

Households

Total Households

975,411+1.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.76+0.7% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,738,356

2.7Mresidents

Under 18548,07920.0%

Adults 18–641,726,38163.0%

65 & Over463,89616.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

548,079+1.4% YoY

Population 65 & Over

463,896+2.6% YoY

Median Age

40.70-0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.0%

Moved (within US)9.9%

Other2.1%

Veterans

2.0%-4.8% YoY

County Economy

County median household income is $72K, 14.7% of residents are below the poverty level, 14.0% work from home.

Income

Median Household Income

$72K+4.5% YoY

Per-Capita Income

$39K+4.3% YoY

Mean Household Income

$107K+4.7% YoY

Poverty

Below Poverty Level

14.7%-1.3% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone68.7%

Public transit3.3%

Worked from home14.0%

Other14.0%

Worked From Home

14.0%+13.8% YoY

Mean Commute

30.90-0.3% YoY

Done with 33163? Put it next to another market.

State

City

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State

City

ZIP codes

Miami, FL · 33163

Listings Jul 16, 2024 · Realtor Apr 2024 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $72K, +4.5% YoY (county); renters hold 47.8% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$395K

Population

975,411

Median Days on Market

Active Listings

New Listings

Housing Market

Pricing

Median Listing Price

$395K-- YoY

Average Listing Price

$395K-- YoY

Price per Sq Ft

$466-- YoY

Median Sq Ft

848-- YoY

Inventory

Active Listings

1-- YoY

New Listings

0-- YoY

Total Listings

1-- YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

27-- YoY

Price Reduced

0.0%-- YoY

Sale Spread

as of Jul 16, 2024Active Listings

Min Listed Price

$395,000

Active listings · as of Jul 16, 2024

Median Listed Price

$395,000

Realtor · Apr 2024

Max Listed Price

$395,000

Active listings · as of Jul 16, 2024

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,094,983

1.1Munits

Occupied975,41189.1%

Vacant119,57210.9%

2024 Tenure ⓘ

U.S. Census ACS · n = 975,411

975Koccupied

Owner509,44052.2%

Renter465,97147.8%

Renter Share

47.8%-0.1% YoY

Total Housing Units

1,094,983+0.9% YoY

FY2026 Fair Market Rent

CountyMiami-Dade County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,828

/month

1 BR

$1,995

/month

2 BR

$2,436

/month

3 BR

$3,127

/month

4 BR

$3,613

/month

FMR trends · Miami-Dade County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

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%.

Median Age

40.72024

Population

Miami-Dade County Population

2,838,461+2.3% YoY

Households

Total Households

975,411+1.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.76+0.7% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,738,356

2.7Mresidents

Under 18548,07920.0%

Adults 18–641,726,38163.0%

65 & Over463,89616.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

548,079+1.4% YoY

Population 65 & Over

463,896+2.6% YoY

Median Age

40.70-0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.0%

Moved (within US)9.9%

Other2.1%

Veterans

2.0%-4.8% YoY

County Economy

County median household income is $72K, 14.7% of residents are below the poverty level, 14.0% work from home.

Income

Median Household Income

$72K+4.5% YoY

Per-Capita Income

$39K+4.3% YoY

Mean Household Income

$107K+4.7% YoY

Poverty

Below Poverty Level

14.7%-1.3% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone68.7%

Public transit3.3%

Worked from home14.0%

Other14.0%

Worked From Home

14.0%+13.8% YoY

Mean Commute

30.90-0.3% YoY

Done with 33163? Put it next to another market.