Miami Gardens, FL—33056
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Miami Gardens, FL
Home Price Trends — Miami Gardens, FL
As of Oct '25, the median home price in Miami Gardens, FL is $475,000, with a year-over-year change of -2.7%. This indicates that home prices in Miami Gardens, 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 | $475,000 | -2.7% |
| Single Family | $477,000 | -3.2% |
| Condos | $268,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $368,000 | -4.2% |
3 Bed | $467,000 | -3.1% |
4 Bed | $516,000 | -3.6% |
| 5 Bed | $596,000 | -2.1% |
% of Housing Stock
Rental Trends — Miami Gardens, FL
As of July '25, Rentcast reports the average rent in Miami Gardens, FL is $2,650, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Miami Gardens, FL is studios: $1,450, 1-bedrooms: $1,440, 2-bedrooms: $2,470, 3-bedrooms: $2,960, 4-bedrooms: $3,240. The most common rental property sizes in Miami Gardens, FL are 3-bedroom and 2-bedroom, accounting for 39.5% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,650 |
| Studio Rent | $1,400 | $1,450 |
| 1 Bed Rent | $1,350 | $1,440 |
| 2 Bed Rent | $2,500 | $2,470 |
| 3 Bed Rent | $2,980 | $2,960 |
| 4 Bed Rent | $3,150 | $3,240 |
% of Rental Stock
Property Listings — Miami Gardens, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Miami Gardens, FL is 62. This is a increase of 70.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $526,000 | -3.0% |
Listing Count | 127 | 35.0% |
| Listings as % of Homes | 0.6% | 35.0% |
Days on Market | 62 | 70.0% |
Demographics — Miami Gardens, FL
As of the latest ACS Survey released in 2023, Miami Gardens, FL has a population of 37,300, which has increased by 2.5% over the past 5 years. Miami Gardens, FL is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,300 | 2.5% |
% Under 18 | 23.1% | -7.6% |
% Seniors | 16.6% | 31.7% |
% WFH | 9.9% | 350.0% |
% w/ College Degree | 17.9% | 29.7% |
As of the latest ACS Survey released in 2023, Miami Gardens, FL is a predominantly black area, with 67.2% of the population identifying as black. The black population has shrunk by 16.6% in the last 5 years. The second most common race or ethnicity in Miami Gardens, FL is hispanic, making up 31.4% of the population. Foreign-born residents account for 33.0% of the population in Miami Gardens, FL, and this percentage has increased by 20.9% 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 | 1.4% | 27.3% |
% Black | 67.2% | -16.6% |
% Hispanic | 31.4% | 54.7% |
% Asian | 0.2% | -66.7% |
% Foreign Born | 33.0% | 20.9% |
Mortgage and Risk — Miami Gardens, FL
According to HUD data as of 2023, there were 306 mortgage originations in Miami Gardens, FL, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Miami Gardens, FL. Investor activity is low, as 0.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 306 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Miami Gardens, FL
As of 2024, the percent of homes in Miami Gardens, FL under the Section 8 program is 25.0%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Miami Gardens, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,214 |
Total Units Section 8 | 1,118 |
% Rentals under Section 8 | 25.0% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,350 | $1,850 |
| 2 Bedroom | -$230 | $2,500 | $2,270 |
| 3 Bedroom | -$50 | $2,980 | $2,930 |
| 4 Bedroom | $290 | $3,150 | $3,440 |
Affordability — Miami Gardens, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $475,000 |
| Median Household Income | $62,300 |