Downtown, Miami, FL—33132
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Miami, FL
As of Oct '25, the median home price in Downtown, Miami, FL is $531,000, with a year-over-year change of -5.6%. This indicates that home prices in Downtown, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $531,000 | -5.6% |
| Single Family | $468,000 | -0.4% |
| Condos | $534,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $415,000 | -6.3% |
2 Bed | $657,000 | -5.5% |
3 Bed | $1,263,000 | -1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Miami, FL
As of July '25, Rentcast reports the average rent in Downtown, Miami, FL is $4,110, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Downtown, Miami, FL is studios: $2,560, 1-bedrooms: $3,340, 2-bedrooms: $4,960, 3-bedrooms: $7,520, 4-bedrooms: $9,000. The most common rental property sizes in Downtown, Miami, FL are 1-bedroom and 2-bedroom, accounting for 38.4% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $4,110 |
| Studio Rent | $2,400 | $2,560 |
| 1 Bed Rent | $3,100 | $3,340 |
| 2 Bed Rent | $4,500 | $4,960 |
| 3 Bed Rent | $7,600 | $7,520 |
| 4 Bed Rent | $9,000 | $9,000 |
% of Rental Stock
Property Listings — Downtown, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Miami, FL is 113. This is a increase of 44.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $649,000 | -7.0% |
Listing Count | 771 | 22.0% |
| Listings as % of Homes | 3.4% | 22.0% |
Days on Market | 113 | 44.0% |
Demographics — Downtown, Miami, FL
As of the latest ACS Survey released in 2023, Downtown, Miami, FL has a population of 18,200, which has increased by 41.5% over the past 5 years. Downtown, Miami, FL is a less popular place for families, as children make up 7.4% of the population. The area has a highly educated workforce, with 60.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | 41.5% |
% Under 18 | 7.4% | 2.8% |
% Seniors | 4.7% | -42.0% |
% WFH | 25.9% | 133.3% |
% w/ College Degree | 60.9% | 3.9% |
As of the latest ACS Survey released in 2023, Downtown, Miami, FL is a predominantly hispanic area, with 52.7% of the population identifying as hispanic. The hispanic population has grown by 6.0% in the last 5 years. The second most common race or ethnicity in Downtown, Miami, FL is white, making up 28.9% of the population. Foreign-born residents account for 50.3% of the population in Downtown, Miami, FL, and this percentage has increased by 10.3% 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 | 28.9% | -15.0% |
% Black | 7.9% | -32.5% |
% Hispanic | 52.7% | 6.0% |
% Asian | 6.2% | 59.0% |
% Foreign Born | 50.3% | 10.3% |
Mortgage and Risk — Downtown, Miami, FL
According to HUD data as of 2023, there were 424 mortgage originations in Downtown, Miami, FL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown, Miami, FL. Investor activity is low, as 10.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 424 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 10.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Downtown, Miami, FL
As of 2024, the percent of homes in Downtown, Miami, FL under the Section 8 program is 0.5%. 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 Downtown, 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 | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $3,100 | $2,840 |
| 2 Bedroom | -$1,010 | $4,500 | $3,490 |
| 3 Bedroom | -$3,090 | $7,600 | $4,510 |
| 4 Bedroom | -$3,720 | $9,000 | $5,280 |
Affordability — Downtown, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $531,000 |
| Median Household Income | $110,000 |