Miami Springs, FL—33166
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Miami Springs, FL
As of Oct '25, the median home price in Miami Springs, FL is $603,000, with a year-over-year change of -3.8%. This indicates that home prices in Miami Springs, FL are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $603,000 | -3.8% |
| Single Family | $736,000 | -4.8% |
| Condos | $286,000 | -11.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $236,000 | -12.9% |
2 Bed | $395,000 | -6.8% |
3 Bed | $705,000 | -4.9% |
4 Bed | $876,000 | -4.6% |
| 5 Bed | $1,196,000 | -0.5% |
% of Housing Stock
Rental Trends — Miami Springs, FL
As of July '25, Rentcast reports the average rent in Miami Springs, FL is $3,190, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in Miami Springs, FL is studios: $2,230, 1-bedrooms: $2,260, 2-bedrooms: $2,880, 3-bedrooms: $4,240, 4-bedrooms: $5,330. The most common rental property sizes in Miami Springs, FL are 2-bedroom and 1-bedroom, accounting for 41.0% and 40.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,190 |
| Studio Rent | $2,100 | $2,230 |
| 1 Bed Rent | $2,100 | $2,260 |
| 2 Bed Rent | $2,600 | $2,880 |
| 3 Bed Rent | $3,800 | $4,240 |
| 4 Bed Rent | $4,500 | $5,330 |
% of Rental Stock
Property Listings — Miami Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Miami Springs, FL is 93. This is a increase of 41.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $572,000 | -10.0% |
Listing Count | 219 | 2.0% |
| Listings as % of Homes | 1.2% | 2.0% |
Days on Market | 93 | 41.0% |
Demographics — Miami Springs, FL
As of the latest ACS Survey released in 2023, Miami Springs, FL has a population of 26,900, which has increased by 8.4% over the past 5 years. Miami Springs, FL is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 42.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,900 | 8.4% |
% Under 18 | 18.4% | 7.6% |
% Seniors | 15.4% | 7.7% |
% WFH | 16.0% | 158.1% |
% w/ College Degree | 42.2% | 33.1% |
As of the latest ACS Survey released in 2023, Miami Springs, FL is a predominantly hispanic area, with 81.9% of the population identifying as hispanic. The hispanic population has grown by 6.0% in the last 5 years. The second most common race or ethnicity in Miami Springs, FL is white, making up 13.3% of the population. Foreign-born residents account for 58.5% of the population in Miami Springs, FL, and this percentage has increased by 5.0% 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 | 13.3% | -13.1% |
% Black | 2.7% | -50.9% |
% Hispanic | 81.9% | 6.0% |
% Asian | 0.7% | -73.1% |
% Foreign Born | 58.5% | 5.0% |
Mortgage and Risk — Miami Springs, FL
According to HUD data as of 2023, there were 198 mortgage originations in Miami Springs, FL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Miami Springs, FL. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 198 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Miami Springs, FL
As of 2024, the percent of homes in Miami Springs, FL under the Section 8 program is 1.7%. 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 Miami Springs, 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 | 101 |
Total Units Section 8 | 101 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $2,100 | $1,890 |
| 2 Bedroom | -$280 | $2,600 | $2,320 |
| 3 Bedroom | -$800 | $3,800 | $3,000 |
| 4 Bedroom | -$990 | $4,500 | $3,510 |
Affordability — Miami Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $603,000 |
| Median Household Income | $78,200 |