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Miami city, FL

ZIP 33132 — 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 33132

Median Home Value
$545,100
Median Rent
$2,427
Affordability Snapshot
$150,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,502/mo PITI).

27%
Rent-to-Income Ratio

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

5.0x
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 33132 in Miami city, FL, a household would need roughly $150,000 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 $3,502. That is about 37% above the local median household income ($109,505), 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 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
27.8%-57% vs US avg
x
Vacancy Rate
23.8%+131% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
0.2%-99% vs US avg
x
Built Pre-1939
0.7%-94% vs US avg
x
Built Post-2014
3.5%-49% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$545,100
Home Value
$2,427
Rent
2007
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 detached2.1%
  • 1-unit attached0.4%
  • 2-9 units3.5%
  • 10+ units93.8%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$545,100
Median rent$2,427
Owner-occupied27.8%
Vacant23.8%
Price-to-income5.0x
Est. income to buy$150,000