South Beach, Miami Beach, FL—33139
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Beach, Miami Beach, FL
As of Oct '25, the median home price in South Beach, Miami Beach, FL is $462,000, with a year-over-year change of -5.7%. This indicates that home prices in South Beach, Miami Beach, 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 | $462,000 | -5.7% |
| Single Family | $2,040,000 | -6.8% |
| Condos | $432,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $337,000 | -6.4% |
2 Bed | $881,000 | -4.1% |
3 Bed | $3,054,000 | -3.4% |
4 Bed | $5,525,000 | -2.0% |
| 5 Bed | $10,943,000 | -1.1% |
% of Housing Stock
Rental Trends — South Beach, Miami Beach, FL
As of July '25, Rentcast reports the average rent in South Beach, Miami Beach, FL is $3,530, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in South Beach, Miami Beach, FL is studios: $2,550, 1-bedrooms: $3,170, 2-bedrooms: $4,890, 3-bedrooms: $6,230. The most common rental property sizes in South Beach, Miami Beach, FL are 1-bedroom and studio, accounting for 46.6% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,530 |
| Studio Rent | $2,200 | $2,550 |
| 1 Bed Rent | $2,680 | $3,170 |
| 2 Bed Rent | $4,500 | $4,890 |
| 3 Bed Rent | $6,020 | $6,230 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Beach, Miami Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in South Beach, Miami Beach, FL is 108. This is a increase of 23.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -1.0% |
Listing Count | 1,310 | 16.0% |
| Listings as % of Homes | 3.1% | 16.0% |
Days on Market | 108 | 23.0% |
Demographics — South Beach, Miami Beach, FL
As of the latest ACS Survey released in 2023, South Beach, Miami Beach, FL has a population of 34,400, which has decreased by -10.9% over the past 5 years. South Beach, Miami Beach, FL is a less popular place for families, as children make up 12.9% of the population. The area has a highly educated workforce, with 53.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,400 | -10.9% |
% Under 18 | 12.9% | 10.3% |
% Seniors | 17.8% | 12.7% |
% WFH | 20.4% | 94.3% |
% w/ College Degree | 53.2% | 2.1% |
As of the latest ACS Survey released in 2023, South Beach, Miami Beach, FL is a predominantly hispanic area, with 51.0% of the population identifying as hispanic. The hispanic population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in South Beach, Miami Beach, FL is white, making up 39.7% of the population. Foreign-born residents account for 55.8% of the population in South Beach, Miami Beach, FL, and this percentage has increased by 8.1% 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 | 39.7% | -3.4% |
% Black | 4.5% | 2.3% |
% Hispanic | 51.0% | 1.6% |
% Asian | 2.7% | 22.7% |
% Foreign Born | 55.8% | 8.1% |
Mortgage and Risk — South Beach, Miami Beach, FL
According to HUD data as of 2023, there were 514 mortgage originations in South Beach, Miami Beach, FL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in South Beach, Miami Beach, FL. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 514 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 6.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — South Beach, Miami Beach, FL
South Beach, Miami Beach, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,348 |
Total Units Section 8 | 1,130 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 90.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $2,680 | $2,730 |
| 2 Bedroom | -$1,150 | $4,500 | $3,350 |
| 3 Bedroom | -$1,690 | $6,020 | $4,330 |
| 4 Bedroom | N/A | N/A | $5,070 |
Affordability — South Beach, Miami Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $462,000 |
| Median Household Income | $63,400 |