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Miami city, FL

ZIP 33131 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 33131

Median Home Value
$621,700
Median Rent
$2,771
Affordability Snapshot
$171,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,994/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 33131 in Miami city, FL, a household would need roughly $171,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,994. That is about 19% above the local median household income ($143,114), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 30% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
35.5%-46% vs US avg
x
Vacancy Rate
30.4%+196% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
0.3%-98% vs US avg
x
Built Pre-1939
0.0%-100% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
32.7%-14% vs US avg
x
$621,700
Home Value
$2,771
Rent
2005
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached2.2%
  • 1-unit attached0.5%
  • 2-9 units0.3%
  • 10+ units97.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$621,700
Median rent$2,771
Owner-occupied35.5%
Vacant30.4%
Price-to-income4.3x
Est. income to buy$171,000