Mid-Beach, Miami Beach, FL—33140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mid-Beach, Miami Beach, FL
As of Oct '25, the median home price in Mid-Beach, Miami Beach, FL is $661,000, with a year-over-year change of -5.7%. This indicates that home prices in Mid-Beach, Miami Beach, 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 | $661,000 | -5.7% |
| Single Family | $2,893,000 | -5.9% |
| Condos | $546,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $406,000 | -6.7% |
2 Bed | $647,000 | -6.4% |
3 Bed | $2,065,000 | -6.3% |
4 Bed | $3,037,000 | -6.8% |
| 5 Bed | $5,630,000 | -2.6% |
% of Housing Stock
Rental Trends — Mid-Beach, Miami Beach, FL
As of July '25, Rentcast reports the average rent in Mid-Beach, Miami Beach, FL is $3,850, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Mid-Beach, Miami Beach, FL is studios: $2,170, 1-bedrooms: $3,070, 2-bedrooms: $4,400, 3-bedrooms: $6,520, 4-bedrooms: $8,480. The most common rental property sizes in Mid-Beach, Miami Beach, FL are 1-bedroom and 2-bedroom, accounting for 35.6% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,850 |
| Studio Rent | $1,980 | $2,170 |
| 1 Bed Rent | $2,950 | $3,070 |
| 2 Bed Rent | $3,900 | $4,400 |
| 3 Bed Rent | $6,500 | $6,520 |
| 4 Bed Rent | $7,950 | $8,480 |
% of Rental Stock
Property Listings — Mid-Beach, Miami Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mid-Beach, Miami Beach, FL is 108. This is a increase of 21.0% 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 | $833,000 | 2.0% |
Listing Count | 659 | 5.0% |
| Listings as % of Homes | 3.0% | 5.0% |
Days on Market | 108 | 21.0% |
Demographics — Mid-Beach, Miami Beach, FL
As of the latest ACS Survey released in 2023, Mid-Beach, Miami Beach, FL has a population of 19,500, which has decreased by -10.8% over the past 5 years. Mid-Beach, Miami Beach, FL is a moderately popular place for families, as children make up 22.4% of the population. The area has a highly educated workforce, with 62.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | -10.8% |
% Under 18 | 22.4% | 14.3% |
% Seniors | 20.3% | -8.1% |
% WFH | 27.6% | 87.8% |
% w/ College Degree | 62.5% | 10.6% |
As of the latest ACS Survey released in 2023, Mid-Beach, Miami Beach, FL is a predominantly white area, with 46.1% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Mid-Beach, Miami Beach, FL is hispanic, making up 44.2% of the population. Foreign-born residents account for 44.1% of the population in Mid-Beach, Miami Beach, FL, and this percentage has decreased by 9.8% 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 | 46.1% | -8.9% |
% Black | 3.1% | 34.8% |
% Hispanic | 44.2% | -2.0% |
% Asian | 1.6% | 45.5% |
% Foreign Born | 44.1% | -9.8% |
Mortgage and Risk — Mid-Beach, Miami Beach, FL
According to HUD data as of 2023, there were 249 mortgage originations in Mid-Beach, Miami Beach, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Mid-Beach, Miami Beach, FL. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 249 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mid-Beach, Miami Beach, FL
As of 2024, the percent of homes in Mid-Beach, Miami Beach, FL under the Section 8 program is 7.2%. 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 Mid-Beach, Miami Beach, 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 | 290 |
Total Units Section 8 | 253 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$540 | $2,950 | $2,410 |
| 2 Bedroom | -$940 | $3,900 | $2,960 |
| 3 Bedroom | -$2,680 | $6,500 | $3,820 |
| 4 Bedroom | -$3,470 | $7,950 | $4,480 |
Affordability — Mid-Beach, Miami Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $661,000 |
| Median Household Income | $104,000 |