Little Havana, Miami, FL—33125
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Little Havana, Miami, FL
As of Oct '25, the median home price in Little Havana, Miami, FL is $460,000, with a year-over-year change of -4.5%. This indicates that home prices in Little Havana, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $460,000 | -4.5% |
| Single Family | $548,000 | -4.5% |
| Condos | $253,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $219,000 | -7.2% |
2 Bed | $386,000 | -5.6% |
3 Bed | $562,000 | -4.4% |
4 Bed | $634,000 | -3.9% |
| 5 Bed | $719,000 | -3.6% |
% of Housing Stock
Rental Trends — Little Havana, Miami, FL
As of July '25, Rentcast reports the average rent in Little Havana, Miami, FL is $2,480, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Little Havana, Miami, FL is studios: $1,560, 1-bedrooms: $1,860, 2-bedrooms: $2,610, 3-bedrooms: $3,390, 4-bedrooms: $4,550. The most common rental property sizes in Little Havana, Miami, FL are 2-bedroom and 1-bedroom, accounting for 44.1% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,480 |
| Studio Rent | $1,500 | $1,560 |
| 1 Bed Rent | $1,800 | $1,860 |
| 2 Bed Rent | $2,500 | $2,610 |
| 3 Bed Rent | $3,250 | $3,390 |
| 4 Bed Rent | $4,600 | $4,550 |
% of Rental Stock
Property Listings — Little Havana, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Little Havana, Miami, FL is 88. This is a increase of 30.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $408,000 | -10.0% |
Listing Count | 141 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 88 | 30.0% |
Demographics — Little Havana, Miami, FL
As of the latest ACS Survey released in 2023, Little Havana, Miami, FL has a population of 55,400, which has decreased by -9.8% over the past 5 years. Little Havana, Miami, FL is a moderately popular place for families, as children make up 15.7% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,400 | -9.8% |
% Under 18 | 15.7% | -7.1% |
% Seniors | 19.1% | -2.1% |
% WFH | 6.6% | 312.5% |
% w/ College Degree | 21.8% | 60.3% |
As of the latest ACS Survey released in 2023, Little Havana, Miami, FL is a predominantly hispanic area, with 91.7% of the population identifying as hispanic. The hispanic population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Little Havana, Miami, FL is black, making up 5.1% of the population. Foreign-born residents account for 68.0% of the population in Little Havana, Miami, FL, and this percentage has decreased by 4.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 3.8% | 15.2% |
% Black | 5.1% | -31.1% |
% Hispanic | 91.7% | -1.3% |
% Asian | 1.1% | 37.5% |
% Foreign Born | 68.0% | -4.8% |
Mortgage and Risk — Little Havana, Miami, FL
According to HUD data as of 2023, there were 159 mortgage originations in Little Havana, Miami, FL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Little Havana, Miami, FL. Investor activity is low, as 8.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 159 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 8.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Little Havana, Miami, FL
As of 2024, the percent of homes in Little Havana, Miami, FL under the Section 8 program is 15.0%. 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. In Little Havana, Miami, 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 | 2,840 |
Total Units Section 8 | 2,461 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 90.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,800 | $1,750 |
| 2 Bedroom | -$350 | $2,500 | $2,150 |
| 3 Bedroom | -$470 | $3,250 | $2,780 |
| 4 Bedroom | -$1,340 | $4,600 | $3,260 |
Affordability — Little Havana, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.3 |
| Median Home Price | $460,000 |
| Median Household Income | $40,900 |