Miramar, FL—33023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Miramar, FL
As of Oct '25, the median home price in Miramar, FL is $455,000, with a year-over-year change of -2.4%. This indicates that home prices in Miramar, FL are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | -2.4% |
| Single Family | $462,000 | -2.7% |
| Condos | $195,000 | -8.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $167,000 | -9.2% |
2 Bed | $384,000 | -2.8% |
3 Bed | $477,000 | -2.5% |
4 Bed | $526,000 | -1.9% |
| 5 Bed | $556,000 | -1.8% |
% of Housing Stock
Rental Trends — Miramar, FL
As of July '25, Rentcast reports the average rent in Miramar, FL is $2,290, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in Miramar, FL is studios: $1,280, 1-bedrooms: $1,460, 2-bedrooms: $2,160, 3-bedrooms: $3,070, 4-bedrooms: $4,020. The most common rental property sizes in Miramar, FL are 2-bedroom and 3-bedroom, accounting for 36.2% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,290 |
| Studio Rent | $1,300 | $1,280 |
| 1 Bed Rent | $1,500 | $1,460 |
| 2 Bed Rent | $2,100 | $2,160 |
| 3 Bed Rent | $3,000 | $3,070 |
| 4 Bed Rent | $3,600 | $4,020 |
% of Rental Stock
Property Listings — Miramar, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Miramar, FL is 61. This is a increase of 29.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 1.0% |
Listing Count | 284 | 30.0% |
| Listings as % of Homes | 0.8% | 30.0% |
Days on Market | 61 | 29.0% |
Demographics — Miramar, FL
As of the latest ACS Survey released in 2023, Miramar, FL has a population of 70,900, which has decreased by -3.7% over the past 5 years. Miramar, FL is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,900 | -3.7% |
% Under 18 | 23.3% | -3.3% |
% Seniors | 13.9% | 33.7% |
% WFH | 5.6% | 300.0% |
% w/ College Degree | 19.5% | 29.1% |
As of the latest ACS Survey released in 2023, Miramar, FL is a predominantly black area, with 52.9% of the population identifying as black. The black population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Miramar, FL is hispanic, making up 36.6% of the population. Foreign-born residents account for 43.8% of the population in Miramar, FL, and this percentage has increased by 16.8% 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 | 8.1% | -40.0% |
% Black | 52.9% | -3.1% |
% Hispanic | 36.6% | 22.4% |
% Asian | 1.7% | -5.6% |
% Foreign Born | 43.8% | 16.8% |
Mortgage and Risk — Miramar, FL
According to HUD data as of 2023, there were 727 mortgage originations in Miramar, FL, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Miramar, FL. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 727 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Miramar, FL
As of 2024, the percent of homes in Miramar, FL under the Section 8 program is 7.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Miramar, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 517 |
Total Units Section 8 | 517 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,500 | $1,680 |
| 2 Bedroom | -$20 | $2,100 | $2,080 |
| 3 Bedroom | -$130 | $3,000 | $2,870 |
| 4 Bedroom | -$110 | $3,600 | $3,490 |
Affordability — Miramar, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $455,000 |
| Median Household Income | $70,000 |