Miami Lakes, FL—33014
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Miami Lakes, FL
As of Oct '25, the median home price in Miami Lakes, FL is $438,000, with a year-over-year change of -2.2%. This indicates that home prices in Miami Lakes, FL are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $438,000 | -2.2% |
| Single Family | $550,000 | -2.1% |
| Condos | $254,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $218,000 | -2.7% |
2 Bed | $332,000 | -4.0% |
3 Bed | $543,000 | -2.2% |
4 Bed | $749,000 | -3.0% |
| 5 Bed | $943,000 | -3.8% |
% of Housing Stock
Rental Trends — Miami Lakes, FL
As of July '25, Rentcast reports the average rent in Miami Lakes, FL is $2,520, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Miami Lakes, FL is studios: $1,860, 1-bedrooms: $1,940, 2-bedrooms: $2,410, 3-bedrooms: $3,300, 4-bedrooms: $4,040. The most common rental property sizes in Miami Lakes, FL are 2-bedroom and 1-bedroom, accounting for 38.3% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,520 |
| Studio Rent | $1,800 | $1,860 |
| 1 Bed Rent | $1,900 | $1,940 |
| 2 Bed Rent | $2,350 | $2,410 |
| 3 Bed Rent | $3,200 | $3,300 |
| 4 Bed Rent | $3,750 | $4,040 |
% of Rental Stock
Property Listings — Miami Lakes, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Miami Lakes, FL is 69. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $417,000 | -5.0% |
Listing Count | 116 | 18.0% |
| Listings as % of Homes | 0.4% | 18.0% |
Days on Market | 69 | 23.0% |
Demographics — Miami Lakes, FL
As of the latest ACS Survey released in 2023, Miami Lakes, FL has a population of 40,700, which has decreased by -1.4% over the past 5 years. Miami Lakes, FL is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,700 | -1.4% |
% Under 18 | 18.6% | -2.1% |
% Seniors | 15.5% | -18.0% |
% WFH | 9.2% | 338.1% |
% w/ College Degree | 29.4% | 27.3% |
As of the latest ACS Survey released in 2023, Miami Lakes, FL is a predominantly hispanic area, with 92.3% of the population identifying as hispanic. The hispanic population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Miami Lakes, FL is white, making up 5.2% of the population. Foreign-born residents account for 63.8% of the population in Miami Lakes, FL, and this percentage has decreased by 2.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 5.2% | -29.7% |
% Black | 1.8% | -25.0% |
% Hispanic | 92.3% | 2.9% |
% Asian | 1.1% | -26.7% |
% Foreign Born | 63.8% | -2.9% |
Mortgage and Risk — Miami Lakes, FL
According to HUD data as of 2023, there were 235 mortgage originations in Miami Lakes, FL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Miami Lakes, FL. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 235 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Miami Lakes, FL
As of 2024, the percent of homes in Miami Lakes, FL under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Miami Lakes, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 852 |
Total Units Section 8 | 787 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,900 | $1,960 |
| 2 Bedroom | $60 | $2,350 | $2,410 |
| 3 Bedroom | -$90 | $3,200 | $3,110 |
| 4 Bedroom | -$100 | $3,750 | $3,650 |
Affordability — Miami Lakes, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $438,000 |
| Median Household Income | $74,900 |