North Miami Beach, FL—33162
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Miami Beach, FL
As of Oct '25, the median home price in North Miami Beach, FL is $460,000, with a year-over-year change of -5.9%. This indicates that home prices in North Miami Beach, 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 | $460,000 | -5.9% |
| Single Family | $503,000 | -6.2% |
| Condos | $145,000 | -14.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $134,000 | -15.2% |
2 Bed | $373,000 | -7.2% |
3 Bed | $509,000 | -6.1% |
4 Bed | $596,000 | -5.2% |
| 5 Bed | $820,000 | -5.6% |
% of Housing Stock
Rental Trends — North Miami Beach, FL
As of July '25, Rentcast reports the average rent in North Miami Beach, FL is $2,360, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in North Miami Beach, FL is studios: $1,420, 1-bedrooms: $1,600, 2-bedrooms: $2,160, 3-bedrooms: $3,510, 4-bedrooms: $3,890. The most common rental property sizes in North Miami Beach, FL are 1-bedroom and 2-bedroom, accounting for 39.2% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,360 |
| Studio Rent | $1,300 | $1,420 |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,140 | $2,160 |
| 3 Bed Rent | $3,300 | $3,510 |
| 4 Bed Rent | $3,800 | $3,890 |
% of Rental Stock
Property Listings — North Miami Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in North Miami Beach, FL is 96. This is a increase of 30.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | -39.0% |
Listing Count | 261 | 25.0% |
| Listings as % of Homes | 0.9% | 25.0% |
Days on Market | 96 | 30.0% |
Demographics — North Miami Beach, FL
As of the latest ACS Survey released in 2023, North Miami Beach, FL has a population of 46,600, which has decreased by -3.3% over the past 5 years. North Miami Beach, FL is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,600 | -3.3% |
% Under 18 | 24.5% | 3.4% |
% Seniors | 16.2% | 26.6% |
% WFH | 6.2% | 169.6% |
% w/ College Degree | 21.0% | 20.0% |
As of the latest ACS Survey released in 2023, North Miami Beach, FL is a predominantly black area, with 54.3% of the population identifying as black. The black population has remained stable in the last 5 years. The second most common race or ethnicity in North Miami Beach, FL is hispanic, making up 29.9% of the population. Foreign-born residents account for 51.9% of the population in North Miami Beach, FL, and this percentage has increased by 2.8% 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 | 11.6% | -23.2% |
% Black | 54.3% | 0.0% |
% Hispanic | 29.9% | 12.4% |
% Asian | 2.5% | -13.8% |
% Foreign Born | 51.9% | 2.8% |
Mortgage and Risk — North Miami Beach, FL
According to HUD data as of 2023, there were 196 mortgage originations in North Miami Beach, FL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in North Miami Beach, FL. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 196 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — North Miami Beach, FL
As of 2024, the percent of homes in North Miami Beach, FL under the Section 8 program is 7.0%. 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 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 | 534 |
Total Units Section 8 | 534 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,600 | $1,700 |
| 2 Bedroom | -$40 | $2,140 | $2,100 |
| 3 Bedroom | -$570 | $3,300 | $2,730 |
| 4 Bedroom | -$560 | $3,800 | $3,240 |
Affordability — North Miami Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $460,000 |
| Median Household Income | $56,000 |