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Wynwood, Miami, FL—33127

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$518,000
2.9% YoY Growth
Household Income
$41,100
36.0% YoY Growth
Days on Market
86
8.0% Shorter YoY
Home Price Forecast
2.8%
Median Rent
$2,770
6.0% YoY Growth
1-Bed Rent
$1,980
3.0% YoY Growth
2-Bed Rent
$2,500
0.7% YoY Growth
3-Bed Rent
$3,500
3.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wynwood, Miami, FL

As of Dec '25, the median home price in Wynwood, Miami, FL is $518,000, with a year-over-year change of -2.9%. This indicates that home prices in Wynwood, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$518,000-2.9%
Single Family $524,000-2.8%
Condos $451,000-2.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $447,000
    -7.1%
    2 Bed
    		$447,000-4.5%
    3 Bed
    		$535,000-2.9%
    4 Bed
    		$603,000-1.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    6.1%
    1 Bedroom
    21.6%
    2 Bedrooms
    37.4%
    3 Bedrooms
    28.5%
    4 Bedrooms
    6.2%
    5+ Bedrooms
    0.3%

    Rental Trends — Wynwood, Miami, FL

    As of July '25, Rentcast reports the average rent in Wynwood, Miami, FL is $3,120, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Wynwood, Miami, FL is studios: $2,100, 1-bedrooms: $2,370, 2-bedrooms: $2,750, 3-bedrooms: $3,960, 4-bedrooms: $4,930. The most common rental property sizes in Wynwood, Miami, FL are 2-bedroom and 1-bedroom, accounting for 41.6% and 25.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,770$3,120
    Studio Rent $2,050$2,100
    1 Bed Rent $1,980$2,370
    2 Bed Rent $2,500$2,750
    3 Bed Rent $3,500$3,960
    4 Bed Rent $4,600$4,930
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    % of Rental Stock

    Studio
    8.6%
    1 Bedroom
    25.6%
    2 Bedrooms
    41.6%
    3 Bedrooms
    19.4%
    4 Bedrooms
    4.6%
    5+ Bedrooms
    0.3%

    Property Listings — Wynwood, Miami, FL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Wynwood, Miami, FL is 73. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$824,000-3.0%
    Listing Count
    		1488.0%
    Listings as % of Homes1.1%8.0%
    Days on Market
    		86-8.0%
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    Demographics — Wynwood, Miami, FL

    As of the latest ACS Survey released in 2023, Wynwood, Miami, FL has a population of 27,600, which has decreased by -17.6% over the past 5 years. Wynwood, Miami, FL is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		27,600-17.6%
    % Under 18
    		23.3%1.3%
    % Seniors
    		15.7%18.0%
    % WFH
    		7.4%469.2%
    % w/ College Degree
    		12.9%-12.8%
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    As of the latest ACS Survey released in 2023, Wynwood, Miami, FL is a predominantly hispanic area, with 55.1% of the population identifying as hispanic. The hispanic population has grown by 15.3% in the last 5 years. The second most common race or ethnicity in Wynwood, Miami, FL is black, making up 42.0% of the population. Foreign-born residents account for 42.8% of the population in Wynwood, Miami, FL, and this percentage has increased by 11.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		3.8%26.7%
    % Black
    		42.0%-18.0%
    % Hispanic
    		55.1%15.3%
    % Asian
    		0.4%-63.6%
    % Foreign Born
    		42.8%11.7%
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    Mortgage and Risk — Wynwood, Miami, FL

    According to HUD data as of 2023, there were 220 mortgage originations in Wynwood, Miami, FL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Wynwood, Miami, FL. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		220
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		8.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Wynwood, Miami, FL

    As of 2024, the percent of homes in Wynwood, Miami, FL under the Section 8 program is 13.4%. 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 Wynwood, 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
    		1,394
    Total Units Section 8
    		929
    % Rentals under Section 8
    		13.4%
    % Occupied Section 8
    		88.8%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$280$1,980$1,700
    2 Bedroom-$400$2,500$2,100
    3 Bedroom-$770$3,500$2,730
    4 Bedroom-$1,360$4,600$3,240

    Affordability — Wynwood, Miami, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio11
    Median Home Price$518,000
    Median Household Income$41,100

    Wynwood, Miami, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    33136

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    Frequently Asked Questions