Miami Gardens, FL—33169
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Miami Gardens, FL
Home Price Trends — Miami Gardens, FL
As of Oct '25, the median home price in Miami Gardens, FL is $463,000, with a year-over-year change of -4.1%. This indicates that home prices in Miami Gardens, 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 | $463,000 | -4.1% |
| Single Family | $491,000 | -4.8% |
| Condos | $170,000 | -12.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $134,000 | -11.3% |
2 Bed | $214,000 | -11.6% |
3 Bed | $479,000 | -4.8% |
4 Bed | $519,000 | -4.4% |
| 5 Bed | $691,000 | -4.6% |
% of Housing Stock
Rental Trends — Miami Gardens, FL
As of July '25, Rentcast reports the average rent in Miami Gardens, FL is $2,280, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Miami Gardens, FL is studios: $1,440, 1-bedrooms: $1,540, 2-bedrooms: $2,090, 3-bedrooms: $3,170, 4-bedrooms: $3,410. The most common rental property sizes in Miami Gardens, FL are 2-bedroom and 1-bedroom, accounting for 33.4% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,280 |
| Studio Rent | $1,320 | $1,440 |
| 1 Bed Rent | $1,580 | $1,540 |
| 2 Bed Rent | $2,000 | $2,090 |
| 3 Bed Rent | $3,150 | $3,170 |
| 4 Bed Rent | $3,420 | $3,410 |
% of Rental Stock
Property Listings — Miami Gardens, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Miami Gardens, FL is 80. This is a increase of 33.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $446,000 | 39.0% |
Listing Count | 248 | 34.0% |
| Listings as % of Homes | 0.8% | 34.0% |
Days on Market | 80 | 33.0% |
Demographics — Miami Gardens, FL
As of the latest ACS Survey released in 2023, Miami Gardens, FL has a population of 42,300, which has increased by 1.9% over the past 5 years. Miami Gardens, FL is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,300 | 1.9% |
% Under 18 | 27.8% | 8.2% |
% Seniors | 13.5% | 13.4% |
% WFH | 9.0% | 592.3% |
% w/ College Degree | 21.7% | 17.9% |
As of the latest ACS Survey released in 2023, Miami Gardens, FL is a predominantly black area, with 77.6% of the population identifying as black. The black population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Miami Gardens, FL is hispanic, making up 17.4% of the population. Foreign-born residents account for 35.2% of the population in Miami Gardens, FL, and this percentage has decreased by 1.7% 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 | 3.8% | 0.0% |
% Black | 77.6% | -5.5% |
% Hispanic | 17.4% | 23.4% |
% Asian | 0.5% | -44.4% |
% Foreign Born | 35.2% | -1.7% |
Mortgage and Risk — Miami Gardens, FL
According to HUD data as of 2023, there were 438 mortgage originations in Miami Gardens, FL, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Miami Gardens, FL. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Miami Gardens, FL
As of 2024, the percent of homes in Miami Gardens, FL under the Section 8 program is 14.8%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Miami Gardens, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,183 |
Total Units Section 8 | 986 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,580 | $1,700 |
| 2 Bedroom | $100 | $2,000 | $2,100 |
| 3 Bedroom | -$420 | $3,150 | $2,730 |
| 4 Bedroom | -$180 | $3,420 | $3,240 |
Affordability — Miami Gardens, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $463,000 |
| Median Household Income | $59,700 |