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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 +0.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −22.4% YoY, is the number to watch.
The median listing price is up 0.7% YoY while the median home got up 0.4% bigger, so value per square foot is down 4.0%.
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 $571K purchase rents for $2,900/mo: 0.51% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 7 BR (sale only, no matching rent).
Sales here take about 31 days longer to go under contract than rentals (median across 3 property types).
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 33166 itself, not its parent county.
Renters hold 52.8% of this ZIP's 10,685 occupied households, on a median household income of $82K.
| Measure | ZIP 33166 | Miami-Dade County | Difference |
|---|---|---|---|
| Median Household Income | $82K | $72K | +$10K |
| Below Poverty Level | 13.1% | 14.7% | -1.6% |
| Median Age | 39.70 | 40.70 | -1.00 |
| Total Population | 28,265 | 2,738,356 | -- |
| Avg Household Size | 2.53 | 2.76 | -0.23 |
| Owner-Occupied | 47.2% | 52.2% | -5.1% |
| Worked From Home | 17.0% | 14.0% | +3.0% |
| Mean Commute | 25.60 | 30.90 | -5.30 |
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.