North Miami, FL—33181
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in North Miami, FL
Home Price Trends — North Miami, FL
As of Oct '25, the median home price in North Miami, FL is $319,000, with a year-over-year change of -10.1%. This indicates that home prices in North Miami, FL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | -10.1% |
| Single Family | $946,000 | -5.9% |
| Condos | $244,000 | -11.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $186,000 | -10.6% |
2 Bed | $315,000 | -10.5% |
3 Bed | $733,000 | -6.3% |
4 Bed | $2,276,000 | -5.5% |
| 5 Bed | $3,759,000 | -5.0% |
% of Housing Stock
Rental Trends — North Miami, FL
As of July '25, Rentcast reports the average rent in North Miami, FL is $2,670, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in North Miami, FL is studios: $1,730, 1-bedrooms: $1,920, 2-bedrooms: $2,870, 3-bedrooms: $4,310, 4-bedrooms: $6,420. The most common rental property sizes in North Miami, FL are 2-bedroom and 1-bedroom, accounting for 43.7% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,670 |
| Studio Rent | $1,700 | $1,730 |
| 1 Bed Rent | $1,850 | $1,920 |
| 2 Bed Rent | $2,790 | $2,870 |
| 3 Bed Rent | $3,900 | $4,310 |
| 4 Bed Rent | $5,500 | $6,420 |
% of Rental Stock
Property Listings — North Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in North Miami, FL is 111. This is a increase of 31.0% 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 | $330,000 | -11.0% |
Listing Count | 309 | 5.0% |
| Listings as % of Homes | 2.2% | 5.0% |
Days on Market | 111 | 31.0% |
Demographics — North Miami, FL
As of the latest ACS Survey released in 2023, North Miami, FL has a population of 21,000, which has increased by 4.9% over the past 5 years. North Miami, FL is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 41.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,000 | 4.9% |
% Under 18 | 22.1% | 16.9% |
% Seniors | 13.1% | 11.0% |
% WFH | 12.3% | 132.1% |
% w/ College Degree | 41.5% | 28.9% |
As of the latest ACS Survey released in 2023, North Miami, FL is a predominantly hispanic area, with 43.9% of the population identifying as hispanic. The hispanic population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in North Miami, FL is black, making up 29.3% of the population. Foreign-born residents account for 51.1% of the population in North Miami, FL, and this percentage has increased by 1.6% 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 | 22.2% | -5.1% |
% Black | 29.3% | -5.2% |
% Hispanic | 43.9% | -1.8% |
% Asian | 1.2% | -36.8% |
% Foreign Born | 51.1% | 1.6% |
Mortgage and Risk — North Miami, FL
According to HUD data as of 2023, there were 142 mortgage originations in North Miami, FL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in North Miami, FL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — North Miami, FL
As of 2024, the percent of homes in North Miami, FL under the Section 8 program is 2.2%. 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 North Miami, 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 | 117 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,850 | $1,730 |
| 2 Bedroom | -$670 | $2,790 | $2,120 |
| 3 Bedroom | -$1,160 | $3,900 | $2,740 |
| 4 Bedroom | -$2,260 | $5,500 | $3,240 |
Affordability — North Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $319,000 |
| Median Household Income | $56,500 |