Sunset, Miami, FL—33173
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sunset, Miami, FL
As of Oct '25, the median home price in Sunset, Miami, FL is $556,000, with a year-over-year change of -3.3%. This indicates that home prices in Sunset, Miami, 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 | $556,000 | -3.3% |
| Single Family | $659,000 | -2.8% |
| Condos | $286,000 | -7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $220,000 | -6.8% |
2 Bed | $336,000 | -5.6% |
3 Bed | $585,000 | -3.1% |
4 Bed | $846,000 | -3.8% |
| 5 Bed | $1,289,000 | -3.9% |
% of Housing Stock
Rental Trends — Sunset, Miami, FL
As of July '25, Rentcast reports the average rent in Sunset, Miami, FL is $3,200, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Sunset, Miami, FL is studios: $1,500, 1-bedrooms: $1,860, 2-bedrooms: $2,550, 3-bedrooms: $3,650, 4-bedrooms: $4,620. The most common rental property sizes in Sunset, Miami, FL are 2-bedroom and 3-bedroom, accounting for 53.5% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,200 |
| Studio Rent | $1,400 | $1,500 |
| 1 Bed Rent | $1,880 | $1,860 |
| 2 Bed Rent | $2,400 | $2,550 |
| 3 Bed Rent | $3,400 | $3,650 |
| 4 Bed Rent | $4,300 | $4,620 |
% of Rental Stock
Property Listings — Sunset, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sunset, Miami, FL is 58. This is a increase of 6.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | 24.0% |
Listing Count | 148 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 58 | 6.0% |
Demographics — Sunset, Miami, FL
As of the latest ACS Survey released in 2023, Sunset, Miami, FL has a population of 32,000, which has remained stable by -0.8% over the past 5 years. Sunset, Miami, FL is a moderately popular place for families, as children make up 17.3% of the population. The area has a moderately educated workforce, with 41.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,000 | -0.8% |
% Under 18 | 17.3% | -10.8% |
% Seniors | 22.3% | 2.3% |
% WFH | 12.6% | 133.3% |
% w/ College Degree | 41.6% | 2.7% |
As of the latest ACS Survey released in 2023, Sunset, Miami, FL is a predominantly hispanic area, with 74.6% of the population identifying as hispanic. The hispanic population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Sunset, Miami, FL is white, making up 17.0% of the population. Foreign-born residents account for 51.0% of the population in Sunset, Miami, FL, and this percentage has increased by 0.4% 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 | 17.0% | 1.8% |
% Black | 2.5% | 66.7% |
% Hispanic | 74.6% | -6.2% |
% Asian | 2.5% | 13.6% |
% Foreign Born | 51.0% | 0.4% |
Mortgage and Risk — Sunset, Miami, FL
According to HUD data as of 2023, there were 273 mortgage originations in Sunset, Miami, FL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Sunset, Miami, FL. Investor activity is low, as 3.0% 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 | 273 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Sunset, Miami, FL
As of 2024, the percent of homes in Sunset, Miami, FL under the Section 8 program is 3.0%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Sunset, Miami, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 115 |
Total Units Section 8 | 115 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,880 | $2,220 |
| 2 Bedroom | $320 | $2,400 | $2,720 |
| 3 Bedroom | $110 | $3,400 | $3,510 |
| 4 Bedroom | -$180 | $4,300 | $4,120 |
Affordability — Sunset, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $556,000 |
| Median Household Income | $83,100 |