Opa-locka, FL—33054
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Opa-locka, FL
Home Price Trends — Opa-locka, FL
As of Oct '25, the median home price in Opa-locka, FL is $415,000, with a year-over-year change of -3.6%. This indicates that home prices in Opa-locka, FL are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | -3.6% |
| Single Family | $420,000 | -3.9% |
| Condos | $209,000 | -9.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $357,000 | -4.3% |
3 Bed | $420,000 | -3.9% |
4 Bed | $466,000 | -3.9% |
| 5 Bed | $536,000 | -3.6% |
% of Housing Stock
Rental Trends — Opa-locka, FL
As of July '25, Rentcast reports the average rent in Opa-locka, FL is $2,330, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Opa-locka, FL is studios: $1,200, 1-bedrooms: $1,520, 2-bedrooms: $2,250, 3-bedrooms: $2,900, 4-bedrooms: $3,530. The most common rental property sizes in Opa-locka, FL are 2-bedroom and 1-bedroom, accounting for 33.3% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,330 |
| Studio Rent | $1,100 | $1,200 |
| 1 Bed Rent | $1,500 | $1,520 |
| 2 Bed Rent | $2,150 | $2,250 |
| 3 Bed Rent | $2,900 | $2,900 |
| 4 Bed Rent | $3,500 | $3,530 |
% of Rental Stock
Property Listings — Opa-locka, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Opa-locka, FL is 61. This is a increase of 44.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $472,000 | -3.0% |
Listing Count | 110 | 16.0% |
| Listings as % of Homes | 0.7% | 16.0% |
Days on Market | 61 | 44.0% |
Demographics — Opa-locka, FL
As of the latest ACS Survey released in 2023, Opa-locka, FL has a population of 31,200, which has decreased by -2.7% over the past 5 years. Opa-locka, FL is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 9.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,200 | -2.7% |
% Under 18 | 22.8% | -9.2% |
% Seniors | 13.7% | 21.2% |
% WFH | 6.9% | 475.0% |
% w/ College Degree | 9.7% | -4.9% |
As of the latest ACS Survey released in 2023, Opa-locka, FL is a predominantly black area, with 52.3% of the population identifying as black. The black population has shrunk by 19.7% in the last 5 years. The second most common race or ethnicity in Opa-locka, FL is hispanic, making up 44.2% of the population. Foreign-born residents account for 36.4% of the population in Opa-locka, FL, and this percentage has increased by 31.9% 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 | 3.4% | 6.2% |
% Black | 52.3% | -19.7% |
% Hispanic | 44.2% | 32.7% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 36.4% | 31.9% |
Mortgage and Risk — Opa-locka, FL
According to HUD data as of 2023, there were 240 mortgage originations in Opa-locka, FL, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Opa-locka, FL. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 240 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Opa-locka, FL
As of 2024, the percent of homes in Opa-locka, FL under the Section 8 program is 32.8%. 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 Opa-locka, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 2,011 |
Total Units Section 8 | 1,612 |
% Rentals under Section 8 | 32.8% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,500 | $1,470 |
| 2 Bedroom | -$350 | $2,150 | $1,800 |
| 3 Bedroom | -$580 | $2,900 | $2,320 |
| 4 Bedroom | -$770 | $3,500 | $2,730 |
Affordability — Opa-locka, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $415,000 |
| Median Household Income | $42,800 |