Hialeah, FL—33016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hialeah, FL
As of Oct '25, the median home price in Hialeah, FL is $297,000, with a year-over-year change of -6.8%. This indicates that home prices in Hialeah, FL are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $297,000 | -6.8% |
| Single Family | $578,000 | -4.0% |
| Condos | $257,000 | -7.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | -5.5% |
2 Bed | $254,000 | -7.6% |
3 Bed | $426,000 | -4.9% |
4 Bed | $914,000 | -2.2% |
| 5 Bed | $1,143,000 | -2.0% |
% of Housing Stock
Rental Trends — Hialeah, FL
As of July '25, Rentcast reports the average rent in Hialeah, FL is $2,710, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Hialeah, FL is studios: $2,100, 1-bedrooms: $1,860, 2-bedrooms: $2,260, 3-bedrooms: $2,980, 4-bedrooms: $4,710. The most common rental property sizes in Hialeah, FL are 2-bedroom and 3-bedroom, accounting for 62.7% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,710 |
| Studio Rent | $2,100 | $2,100 |
| 1 Bed Rent | $1,800 | $1,860 |
| 2 Bed Rent | $2,200 | $2,260 |
| 3 Bed Rent | $2,800 | $2,980 |
| 4 Bed Rent | $3,800 | $4,710 |
% of Rental Stock
Property Listings — Hialeah, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hialeah, FL is 79. This is a increase of 50.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | -6.0% |
Listing Count | 136 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 79 | 50.0% |
Demographics — Hialeah, FL
As of the latest ACS Survey released in 2023, Hialeah, FL has a population of 45,300, which has decreased by -11.2% over the past 5 years. Hialeah, FL is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,300 | -11.2% |
% Under 18 | 19.1% | -5.4% |
% Seniors | 16.9% | 8.3% |
% WFH | 12.0% | -12.4% |
% w/ College Degree | 27.7% | 32.5% |
As of the latest ACS Survey released in 2023, Hialeah, FL is a predominantly hispanic area, with 94.9% of the population identifying as hispanic. The hispanic population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Hialeah, FL is white, making up 3.2% of the population. Foreign-born residents account for 71.5% of the population in Hialeah, FL, and this percentage has increased by 3.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 3.2% | -3.0% |
% Black | 1.2% | -58.6% |
% Hispanic | 94.9% | -0.2% |
% Asian | 0.8% | 60.0% |
% Foreign Born | 71.5% | 3.0% |
Mortgage and Risk — Hialeah, FL
According to HUD data as of 2023, there were 264 mortgage originations in Hialeah, FL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Hialeah, FL. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 264 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hialeah, FL
As of 2024, the percent of homes in Hialeah, FL under the Section 8 program is 6.1%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Hialeah, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 712 |
Total Units Section 8 | 500 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,800 | $1,920 |
| 2 Bedroom | $150 | $2,200 | $2,350 |
| 3 Bedroom | $240 | $2,800 | $3,040 |
| 4 Bedroom | -$240 | $3,800 | $3,560 |
Affordability — Hialeah, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $297,000 |
| Median Household Income | $56,600 |