Little Havana, Miami, FL—33128
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 $441,000, with a year-over-year change of -6.5%. This indicates that home prices in Little Havana, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | -6.5% |
| Single Family | $566,000 | -11.0% |
| Condos | $408,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $391,000 | -4.9% |
2 Bed | $333,000 | -9.8% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Little Havana, Miami, FL
As of July '25, Rentcast reports the average rent in Little Havana, Miami, FL is $2,200, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Little Havana, Miami, FL is studios: $1,860, 1-bedrooms: $1,820, 2-bedrooms: $2,420, 3-bedrooms: $3,030, 4-bedrooms: $2,550. The most common rental property sizes in Little Havana, Miami, FL are 1-bedroom and 2-bedroom, accounting for 49.2% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | $1,600 | $1,860 |
| 1 Bed Rent | $1,750 | $1,820 |
| 2 Bed Rent | $2,350 | $2,420 |
| 3 Bed Rent | $2,890 | $3,030 |
| 4 Bed Rent | $3,200 | $2,550 |
% 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 75. This is a increase of 81.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | 33.0% |
Listing Count | 22 | 49.0% |
| Listings as % of Homes | 0.1% | 49.0% |
Days on Market | 75 | 81.0% |
Demographics — Little Havana, Miami, FL
As of the latest ACS Survey released in 2023, Little Havana, Miami, FL has a population of 9,020, which has increased by 18.9% over the past 5 years. Little Havana, Miami, FL is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 22.0% 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 | 9,020 | 18.9% |
% Under 18 | 16.0% | -5.9% |
% Seniors | 22.3% | -2.2% |
% WFH | 8.1% | 131.4% |
% w/ College Degree | 22.0% | 126.8% |
As of the latest ACS Survey released in 2023, Little Havana, Miami, FL is a predominantly hispanic area, with 85.5% of the population identifying as hispanic. The hispanic population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Little Havana, Miami, FL is white, making up 8.1% of the population. Foreign-born residents account for 69.9% of the population in Little Havana, Miami, FL, and this percentage has decreased by 1.7% 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 | 8.1% | 138.2% |
% Black | 4.9% | -59.5% |
% Hispanic | 85.5% | -3.9% |
% Asian | 0.3% | ∞% |
% Foreign Born | 69.9% | -1.7% |
Mortgage and Risk — Little Havana, Miami, FL
According to HUD data as of 2023, there were 11 mortgage originations in Little Havana, Miami, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Little Havana, Miami, FL. Investor activity is high, as 27.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 27.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
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 15.9%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Little Havana, Miami, FL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 970 |
Total Units Section 8 | 672 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 91.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,750 | $1,700 |
| 2 Bedroom | -$250 | $2,350 | $2,100 |
| 3 Bedroom | -$160 | $2,890 | $2,730 |
| 4 Bedroom | $40 | $3,200 | $3,240 |
Affordability — Little Havana, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.6 |
| Median Home Price | $441,000 |
| Median Household Income | $36,300 |