Florida City, FL—33034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Florida City, FL
As of Oct '25, the median home price in Florida City, FL is $385,000, with a year-over-year change of -1.5%. This indicates that home prices in Florida City, 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 | $385,000 | -1.5% |
| Single Family | $399,000 | -2.0% |
| Condos | $213,000 | -7.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | -8.2% |
2 Bed | $248,000 | -6.1% |
3 Bed | $374,000 | -2.1% |
4 Bed | $439,000 | -1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Florida City, FL
As of July '25, Rentcast reports the average rent in Florida City, FL is $2,630, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Florida City, FL is 1-bedrooms: $1,450, 2-bedrooms: $2,010, 3-bedrooms: $2,620, 4-bedrooms: $3,210. The most common rental property sizes in Florida City, FL are 2-bedroom and 3-bedroom, accounting for 36.7% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,450 |
| 2 Bed Rent | $1,980 | $2,010 |
| 3 Bed Rent | $2,600 | $2,620 |
| 4 Bed Rent | $3,200 | $3,210 |
% of Rental Stock
Property Listings — Florida City, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Florida City, FL is 69. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | -6.0% |
Listing Count | 271 | 32.0% |
| Listings as % of Homes | 2.2% | 32.0% |
Days on Market | 69 | -16.0% |
Demographics — Florida City, FL
As of the latest ACS Survey released in 2023, Florida City, FL has a population of 22,100, which has decreased by -4.9% over the past 5 years. Florida City, FL is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 9.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | -4.9% |
% Under 18 | 30.0% | -3.8% |
% Seniors | 12.2% | 50.6% |
% WFH | 7.9% | 51.9% |
% w/ College Degree | 9.0% | 30.4% |
As of the latest ACS Survey released in 2023, Florida City, FL is a predominantly hispanic area, with 61.5% of the population identifying as hispanic. The hispanic population has grown by 16.0% in the last 5 years. The second most common race or ethnicity in Florida City, FL is black, making up 29.6% of the population. Foreign-born residents account for 34.1% of the population in Florida City, FL, and this percentage has increased by 16.0% 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 | 8.3% | -24.5% |
% Black | 29.6% | -18.9% |
% Hispanic | 61.5% | 16.0% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 34.1% | 16.0% |
Mortgage and Risk — Florida City, FL
According to HUD data as of 2023, there were 199 mortgage originations in Florida City, FL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 66.0% above 90% LTV (very high). This implies large mortgage risk in Florida City, FL. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 199 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Florida City, FL
As of 2024, the percent of homes in Florida City, FL under the Section 8 program is 24.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Florida City, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,308 |
Total Units Section 8 | 994 |
% Rentals under Section 8 | 24.5% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,300 | $1,700 |
| 2 Bedroom | $120 | $1,980 | $2,100 |
| 3 Bedroom | $130 | $2,600 | $2,730 |
| 4 Bedroom | $40 | $3,200 | $3,240 |
Affordability — Florida City, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $385,000 |
| Median Household Income | $46,400 |