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Opa-locka, FL—33054

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$412,000
4.0% YoY Growth
Household Income
$42,800
73.9% YoY Growth
Days on Market
55
11.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$2,100
4.9% YoY Growth
1-Bed Rent
$1,500
5.6% YoY Growth
2-Bed Rent
$2,150
3.2% YoY Growth
3-Bed Rent
$2,900
0.7% YoY Growth

Other Zip Codes in Opa-locka, FL

33055
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Opa-locka, FL

As of Dec '25, the median home price in Opa-locka, FL is $412,000, with a year-over-year change of -4.0%. This indicates that home prices in Opa-locka, FL are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$412,000-4.0%
Single Family $417,000-4.1%
Condos $205,000-9.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$352,000-4.6%
    3 Bed
    		$418,000-3.9%
    4 Bed
    		$467,000-3.7%
    5 Bed $534,234-3.7%
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    16.9%
    2 Bedrooms
    25.9%
    3 Bedrooms
    42.3%
    4 Bedrooms
    10.5%
    5+ Bedrooms
    2.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.8%
    1 Bedroom
    30.8%
    2 Bedrooms
    33.3%
    3 Bedrooms
    27.3%
    4 Bedrooms
    4.9%

    Property Listings — Opa-locka, FL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Opa-locka, FL is 50. This is a increase of 35.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$477,000-1.0%
    Listing Count
    		12929.0%
    Listings as % of Homes0.7%29.0%
    Days on Market
    		5511.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio8.5
    Median Home Price$412,000
    Median Household Income$42,800

    Opa-locka, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Westview, FL

    33167

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    Opa-locka, FL

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    Frequently Asked Questions