North Beach, Miami Beach, FL—33141
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Beach, Miami Beach, FL
As of Oct '25, the median home price in North Beach, Miami Beach, FL is $412,000, with a year-over-year change of -7.0%. This indicates that home prices in North Beach, Miami Beach, FL are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $412,000 | -7.1% |
| Single Family | $1,383,000 | -3.0% |
| Condos | $346,000 | -7.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $264,000 | -9.0% |
2 Bed | $471,000 | -6.2% |
3 Bed | $1,245,000 | -2.7% |
4 Bed | $2,411,000 | -2.9% |
| 5 Bed | $5,483,000 | -1.2% |
% of Housing Stock
Rental Trends — North Beach, Miami Beach, FL
As of July '25, Rentcast reports the average rent in North Beach, Miami Beach, FL is $3,170, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in North Beach, Miami Beach, FL is studios: $1,700, 1-bedrooms: $2,550, 2-bedrooms: $3,830, 3-bedrooms: $5,610, 4-bedrooms: $7,590. The most common rental property sizes in North Beach, Miami Beach, FL are 1-bedroom and 2-bedroom, accounting for 44.2% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,170 |
| Studio Rent | $1,600 | $1,700 |
| 1 Bed Rent | $2,100 | $2,550 |
| 2 Bed Rent | $3,100 | $3,830 |
| 3 Bed Rent | $5,000 | $5,610 |
| 4 Bed Rent | $7,500 | $7,590 |
% of Rental Stock
Property Listings — North Beach, Miami Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in North Beach, Miami Beach, FL is 108. This is a increase of 35.0% 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 | $525,000 | 6.0% |
Listing Count | 737 | 23.0% |
| Listings as % of Homes | 2.3% | 23.0% |
Days on Market | 108 | 35.0% |
Demographics — North Beach, Miami Beach, FL
As of the latest ACS Survey released in 2023, North Beach, Miami Beach, FL has a population of 36,000, which has decreased by -10.0% over the past 5 years. North Beach, Miami Beach, FL is a less popular place for families, as children make up 13.1% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | -10.0% |
% Under 18 | 13.1% | -11.5% |
% Seniors | 16.5% | 27.9% |
% WFH | 17.1% | 200.0% |
% w/ College Degree | 43.9% | 18.6% |
As of the latest ACS Survey released in 2023, North Beach, Miami Beach, FL is a predominantly hispanic area, with 67.4% of the population identifying as hispanic. The hispanic population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in North Beach, Miami Beach, FL is white, making up 19.9% of the population. Foreign-born residents account for 62.2% of the population in North Beach, Miami Beach, FL, and this percentage has increased by 8.2% 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 | 19.9% | -22.0% |
% Black | 5.2% | 15.6% |
% Hispanic | 67.4% | -1.2% |
% Asian | 2.7% | 80.0% |
% Foreign Born | 62.2% | 8.2% |
Mortgage and Risk — North Beach, Miami Beach, FL
According to HUD data as of 2023, there were 320 mortgage originations in North Beach, Miami Beach, FL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in North Beach, Miami Beach, FL. Investor activity is low, as 7.0% 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 | 320 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 7.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — North Beach, Miami Beach, FL
As of 2024, the percent of homes in North Beach, Miami Beach, FL under the Section 8 program is 6.6%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in North Beach, Miami Beach, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 747 |
Total Units Section 8 | 747 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $2,100 | $2,200 |
| 2 Bedroom | -$400 | $3,100 | $2,700 |
| 3 Bedroom | -$1,510 | $5,000 | $3,490 |
| 4 Bedroom | -$3,410 | $7,500 | $4,090 |
Affordability — North Beach, Miami Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $412,000 |
| Median Household Income | $64,500 |