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Miami Beach city, FL

ZIP 33140 — 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 33140

Median Home Value
$863,600
Median Rent
$1,986
Affordability Snapshot
$238,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,548/mo PITI).

23%
Rent-to-Income Ratio

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

8.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

36.2 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 33140 in Miami Beach city, FL, a household would need roughly $238,000 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 $5,548. That is about 129% above the local median household income ($103,898), 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 48% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
59.1%-10% vs US avg
x
Vacancy Rate
47.7%+363% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
5.1%-66% vs US avg
x
Built Pre-1939
6.2%-52% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
22.3%-55% vs US avg
x
Mortgage-Free
57.4%+50% vs US avg
x
$863,600
Home Value
$1,986
Rent
1968
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached17.7%
  • 1-unit attached0.4%
  • 2-9 units1.8%
  • 10+ units79.9%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$863,600
Median rent$1,986
Owner-occupied59.1%
Vacant47.7%
Price-to-income8.3x
Est. income to buy$238,000