Brickell, Miami, FL 33129 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Brickell, Miami, FL—33129

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$695,000

3.4% YoY Growth

Household Income

$103,000

25.4% YoY Growth

Days on Market

74

4.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$3,400

2.1% YoY Growth

1-Bed Rent

$2,900

3.2% YoY Growth

2-Bed Rent

$4,090

2.9% YoY Growth

3-Bed Rent

$6,400

10.1% YoY Growth

Other Zip Codes in Brickell, Miami, FL

Home Price Trends — Brickell, Miami, FL

As of May '26, the median home price in Brickell, Miami, FL is $695,000, with a year-over-year change of -3.4%. This indicates that home prices in Brickell, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$695,000	-3.4%
Single Family	$1,316,000	4.8%
Condos	$592,000	-3.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Brickell, Miami, FL

As of July '25, Rentcast reports the average rent in Brickell, Miami, FL is $3,960, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Brickell, Miami, FL is studios: $1,800, 1-bedrooms: $2,920, 2-bedrooms: $4,270, 3-bedrooms: $6,190, 4-bedrooms: $6,220. The most common rental property sizes in Brickell, Miami, FL are 1-bedroom and 2-bedroom, accounting for 38.9% and 32.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,400	$3,960
Studio Rent	$1,700	$1,800
1 Bed Rent	$2,900	$2,920
2 Bed Rent	$4,090	$4,270
3 Bed Rent	$6,400	$6,190
4 Bed Rent	$3,950	$6,220

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% of Rental Stock

Studio

6.1%

1 Bedroom

38.9%

2 Bedrooms

32.9%

3 Bedrooms

19.1%

4 Bedrooms

1.8%

5+ Bedrooms

1.1%

Property Listings — Brickell, Miami, FL

As of May '26, Realtor.com reports that the median days on market for a home in Brickell, Miami, FL is 74. This is a increase of 4.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,180,000	23.0%
Listing Count	205	-5.0%
Listings as % of Homes	1.6%	-5.0%
Days on Market	74	4.0%

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Demographics — Brickell, Miami, FL

As of the latest ACS Survey released in 2023, Brickell, Miami, FL has a population of 14,700, which has increased by 12.1% over the past 5 years. Brickell, Miami, FL is a less popular place for families, as children make up 14.3% of the population. The area has a highly educated workforce, with 67.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,700	12.1%
% Under 18	14.3%	-8.9%
% Seniors	14.5%	-13.7%
% WFH	20.1%	105.1%
% w/ College Degree	67.7%	-4.0%

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As of the latest ACS Survey released in 2023, Brickell, Miami, FL is a predominantly hispanic area, with 73.5% of the population identifying as hispanic. The hispanic population has grown by 8.9% in the last 5 years. The second most common race or ethnicity in Brickell, Miami, FL is white, making up 19.1% of the population. Foreign-born residents account for 57.7% of the population in Brickell, Miami, FL, and this percentage has increased by 1.2% 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	19.1%	-29.0%
% Black	2.1%	-19.2%
% Hispanic	73.5%	8.9%
% Asian	2.7%	-3.6%
% Foreign Born	57.7%	1.2%

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Mortgage and Risk — Brickell, Miami, FL

According to HUD data as of 2023, there were 167 mortgage originations in Brickell, Miami, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Brickell, Miami, FL. Investor activity is low, as 11.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	167
% Conventional Loans	100.0%
% Government Loans	0.0%
% Investor Loans	11.0%
% Second Loans	5.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Brickell, Miami, FL

As of 2024, the percent of homes in Brickell, Miami, FL under the Section 8 program is 0.3%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Brickell, 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	9
Total Units Section 8	9
% Rentals under Section 8	0.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$290	$2,900	$2,610
2 Bedroom	-$890	$4,090	$3,200
3 Bedroom	-$2,270	$6,400	$4,130
4 Bedroom	$900	$3,950	$4,850