Opa-locka, FL—33055
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 $499,000, with a year-over-year change of -2.3%. 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 | $499,000 | -2.3% |
| Single Family | $501,000 | -2.9% |
| Condos | $296,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $339,000 | -5.0% |
3 Bed | $495,000 | -2.8% |
4 Bed | $538,000 | -2.7% |
| 5 Bed | $611,000 | -2.4% |
% of Housing Stock
Rental Trends — Opa-locka, FL
As of July '25, Rentcast reports the average rent in Opa-locka, FL is $2,590, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Opa-locka, FL is studios: $1,280, 1-bedrooms: $1,370, 2-bedrooms: $2,280, 3-bedrooms: $3,060, 4-bedrooms: $3,600. The most common rental property sizes in Opa-locka, FL are 3-bedroom and 2-bedroom, accounting for 58.8% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,590 |
| Studio Rent | $1,300 | $1,280 |
| 1 Bed Rent | $1,300 | $1,370 |
| 2 Bed Rent | $2,280 | $2,280 |
| 3 Bed Rent | $3,000 | $3,060 |
| 4 Bed Rent | $3,700 | $3,600 |
% 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 54. This is a increase of 31.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $562,000 | -3.0% |
Listing Count | 99 | 23.0% |
| Listings as % of Homes | 0.7% | 23.0% |
Days on Market | 54 | 31.0% |
Demographics — Opa-locka, FL
As of the latest ACS Survey released in 2023, Opa-locka, FL has a population of 37,200, which has decreased by -14.2% over the past 5 years. Opa-locka, FL is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,200 | -14.2% |
% Under 18 | 19.0% | -13.6% |
% Seniors | 20.8% | 29.2% |
% WFH | 8.1% | 523.1% |
% w/ College Degree | 15.8% | 4.6% |
As of the latest ACS Survey released in 2023, Opa-locka, FL is a predominantly hispanic area, with 72.4% of the population identifying as hispanic. The hispanic population has grown by 12.4% in the last 5 years. The second most common race or ethnicity in Opa-locka, FL is black, making up 24.7% of the population. Foreign-born residents account for 55.8% of the population in Opa-locka, FL, and this percentage has increased by 19.0% 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 | 2.5% | -40.5% |
% Black | 24.7% | -23.8% |
% Hispanic | 72.4% | 12.4% |
% Asian | 1.3% | 160.0% |
% Foreign Born | 55.8% | 19.0% |
Mortgage and Risk — Opa-locka, FL
According to HUD data as of 2023, there were 294 mortgage originations in Opa-locka, FL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 44.0% 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. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 294 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
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 18.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Opa-locka, 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 | 573 |
Total Units Section 8 | 522 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $1,300 | $1,830 |
| 2 Bedroom | -$40 | $2,280 | $2,240 |
| 3 Bedroom | -$110 | $3,000 | $2,890 |
| 4 Bedroom | -$310 | $3,700 | $3,390 |
Affordability — Opa-locka, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $499,000 |
| Median Household Income | $59,700 |