Design District, Miami, FL—33137
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Design District, Miami, FL
As of Oct '25, the median home price in Design District, Miami, FL is $647,000, with a year-over-year change of -5.2%. This indicates that home prices in Design District, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $647,000 | -5.2% |
| Single Family | $1,216,000 | 0.6% |
| Condos | $599,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $422,000 | -5.2% |
2 Bed | $679,000 | -4.8% |
3 Bed | $1,260,000 | -2.9% |
4 Bed | $2,388,000 | -0.6% |
| 5 Bed | $4,320,000 | 3.3% |
% of Housing Stock
Rental Trends — Design District, Miami, FL
As of July '25, Rentcast reports the average rent in Design District, Miami, FL is $4,420, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Design District, Miami, FL is studios: $2,360, 1-bedrooms: $3,230, 2-bedrooms: $4,810, 3-bedrooms: $6,500, 4-bedrooms: $9,150. The most common rental property sizes in Design District, Miami, FL are 2-bedroom and 1-bedroom, accounting for 41.4% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,990 | $4,420 |
| Studio Rent | $2,410 | $2,360 |
| 1 Bed Rent | $3,150 | $3,230 |
| 2 Bed Rent | $4,660 | $4,810 |
| 3 Bed Rent | $6,500 | $6,500 |
| 4 Bed Rent | $9,500 | $9,150 |
% of Rental Stock
Property Listings — Design District, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Design District, Miami, FL is 95. This is a decrease of -8.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | 2.0% |
Listing Count | 692 | 19.0% |
| Listings as % of Homes | 2.9% | 19.0% |
Days on Market | 95 | -8.0% |
Demographics — Design District, Miami, FL
As of the latest ACS Survey released in 2023, Design District, Miami, FL has a population of 27,300, which has increased by 13.9% over the past 5 years. Design District, Miami, FL is a moderately popular place for families, as children make up 17.2% of the population. The area has a highly educated workforce, with 50.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | 13.9% |
% Under 18 | 17.2% | 21.1% |
% Seniors | 9.2% | -5.2% |
% WFH | 23.4% | 200.0% |
% w/ College Degree | 50.9% | 17.0% |
As of the latest ACS Survey released in 2023, Design District, Miami, FL is a predominantly hispanic area, with 53.8% of the population identifying as hispanic. The hispanic population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Design District, Miami, FL is white, making up 23.9% of the population. Foreign-born residents account for 46.7% of the population in Design District, Miami, FL, and this percentage has decreased by 4.1% 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 | 23.9% | 0.8% |
% Black | 17.7% | -25.9% |
% Hispanic | 53.8% | 7.2% |
% Asian | 1.9% | -5.0% |
% Foreign Born | 46.7% | -4.1% |
Mortgage and Risk — Design District, Miami, FL
According to HUD data as of 2023, there were 333 mortgage originations in Design District, Miami, FL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Design District, Miami, FL. Investor activity is low, as 5.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 333 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 5.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Design District, Miami, FL
As of 2024, the percent of homes in Design District, Miami, FL under the Section 8 program is 1.1%. 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 Design District, 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 | 129 |
Total Units Section 8 | 116 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$600 | $3,150 | $2,550 |
| 2 Bedroom | -$1,530 | $4,660 | $3,130 |
| 3 Bedroom | -$2,460 | $6,500 | $4,040 |
| 4 Bedroom | -$4,760 | $9,500 | $4,740 |
Affordability — Design District, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $647,000 |
| Median Household Income | $82,800 |