Westchester, Miami, FL—33155
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westchester, Miami, FL
As of Oct '25, the median home price in Westchester, Miami, FL is $695,000, with a year-over-year change of -3.1%. This indicates that home prices in Westchester, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $695,000 | -3.1% |
| Single Family | $722,000 | -3.5% |
| Condos | $289,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $197,000 | -7.1% |
2 Bed | $565,000 | -3.1% |
3 Bed | $709,000 | -3.8% |
4 Bed | $830,000 | -3.3% |
| 5 Bed | $1,007,000 | -3.2% |
% of Housing Stock
Rental Trends — Westchester, Miami, FL
As of July '25, Rentcast reports the average rent in Westchester, Miami, FL is $3,550, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Westchester, Miami, FL is studios: $1,840, 1-bedrooms: $1,860, 2-bedrooms: $2,870, 3-bedrooms: $4,380, 4-bedrooms: $5,620. The most common rental property sizes in Westchester, Miami, FL are 2-bedroom and 1-bedroom, accounting for 42.1% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,550 |
| Studio Rent | $1,700 | $1,840 |
| 1 Bed Rent | $1,750 | $1,860 |
| 2 Bed Rent | $2,800 | $2,870 |
| 3 Bed Rent | $4,100 | $4,380 |
| 4 Bed Rent | $5,000 | $5,620 |
% of Rental Stock
Property Listings — Westchester, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Westchester, Miami, FL is 64. 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $840,000 | 3.0% |
Listing Count | 171 | 15.0% |
| Listings as % of Homes | 0.8% | 15.0% |
Days on Market | 64 | 23.0% |
Demographics — Westchester, Miami, FL
As of the latest ACS Survey released in 2023, Westchester, Miami, FL has a population of 43,100, which has decreased by -9.1% over the past 5 years. Westchester, Miami, FL is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 37.1% 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 | 43,100 | -9.1% |
% Under 18 | 16.9% | -1.7% |
% Seniors | 20.4% | 7.9% |
% WFH | 17.1% | 159.1% |
% w/ College Degree | 37.1% | 13.8% |
As of the latest ACS Survey released in 2023, Westchester, Miami, FL is a predominantly hispanic area, with 84.1% of the population identifying as hispanic. The hispanic population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Westchester, Miami, FL is white, making up 11.5% of the population. Foreign-born residents account for 56.4% of the population in Westchester, Miami, FL, and this percentage has increased by 1.1% 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 | 11.5% | -6.5% |
% Black | 1.7% | -19.0% |
% Hispanic | 84.1% | -1.3% |
% Asian | 1.5% | 50.0% |
% Foreign Born | 56.4% | 1.1% |
Mortgage and Risk — Westchester, Miami, FL
According to HUD data as of 2023, there were 483 mortgage originations in Westchester, Miami, FL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Westchester, Miami, FL. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 483 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Westchester, Miami, FL
As of 2024, the percent of homes in Westchester, Miami, FL under the Section 8 program is 2.6%. 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 Westchester, Miami, 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 | 139 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,750 | $2,210 |
| 2 Bedroom | -$90 | $2,800 | $2,710 |
| 3 Bedroom | -$600 | $4,100 | $3,500 |
| 4 Bedroom | -$900 | $5,000 | $4,100 |
Affordability — Westchester, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $695,000 |
| Median Household Income | $79,300 |