Flagami, Miami, FL—33126
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flagami, Miami, FL
As of Oct '25, the median home price in Flagami, Miami, FL is $303,000, with a year-over-year change of -8.0%. This indicates that home prices in Flagami, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | -8.0% |
| Single Family | $556,000 | -2.6% |
| Condos | $265,000 | -7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $206,000 | -7.2% |
2 Bed | $288,000 | -8.3% |
3 Bed | $528,000 | -3.1% |
4 Bed | $621,000 | -2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Flagami, Miami, FL
As of July '25, Rentcast reports the average rent in Flagami, Miami, FL is $2,350, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Flagami, Miami, FL is studios: $1,710, 1-bedrooms: $1,910, 2-bedrooms: $2,400, 3-bedrooms: $3,180, 4-bedrooms: $3,900. The most common rental property sizes in Flagami, Miami, FL are 2-bedroom and 1-bedroom, accounting for 48.5% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,350 |
| Studio Rent | $1,760 | $1,710 |
| 1 Bed Rent | $1,880 | $1,910 |
| 2 Bed Rent | $2,400 | $2,400 |
| 3 Bed Rent | $3,100 | $3,180 |
| 4 Bed Rent | $3,600 | $3,900 |
% of Rental Stock
Property Listings — Flagami, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Flagami, Miami, FL is 102. This is a increase of 59.0% 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 | $299,000 | -4.0% |
Listing Count | 141 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 102 | 59.0% |
Demographics — Flagami, Miami, FL
As of the latest ACS Survey released in 2023, Flagami, Miami, FL has a population of 47,000, which has decreased by -11.2% over the past 5 years. Flagami, Miami, FL is a moderately popular place for families, as children make up 15.0% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,000 | -11.2% |
% Under 18 | 15.0% | -5.1% |
% Seniors | 21.7% | 9.0% |
% WFH | 9.6% | 190.9% |
% w/ College Degree | 27.5% | 18.5% |
As of the latest ACS Survey released in 2023, Flagami, Miami, FL is a predominantly hispanic area, with 94.9% of the population identifying as hispanic. The hispanic population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Flagami, Miami, FL is white, making up 3.1% of the population. Foreign-born residents account for 75.6% of the population in Flagami, Miami, FL, and this percentage has decreased by 0.1% 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 | 3.1% | 10.7% |
% Black | 1.3% | -18.8% |
% Hispanic | 94.9% | -0.9% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 75.6% | -0.1% |
Mortgage and Risk — Flagami, Miami, FL
According to HUD data as of 2023, there were 214 mortgage originations in Flagami, Miami, FL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Flagami, Miami, FL. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 214 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Flagami, Miami, FL
As of 2024, the percent of homes in Flagami, Miami, FL under the Section 8 program is 4.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Flagami, Miami, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 849 |
Total Units Section 8 | 573 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,880 | $1,980 |
| 2 Bedroom | $30 | $2,400 | $2,430 |
| 3 Bedroom | $40 | $3,100 | $3,140 |
| 4 Bedroom | $80 | $3,600 | $3,680 |
Affordability — Flagami, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $303,000 |
| Median Household Income | $55,700 |