Cutler Bay, FL—33189
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Cutler Bay, FL
Home Price Trends — Cutler Bay, FL
As of Oct '25, the median home price in Cutler Bay, FL is $548,000, with a year-over-year change of -1.9%. This indicates that home prices in Cutler Bay, FL are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $548,000 | -1.9% |
| Single Family | $570,000 | -2.2% |
| Condos | $256,000 | -7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $204,000 | -6.0% |
2 Bed | $308,000 | -3.7% |
3 Bed | $543,000 | -2.3% |
4 Bed | $643,000 | -2.4% |
| 5 Bed | $717,000 | -1.8% |
% of Housing Stock
Rental Trends — Cutler Bay, FL
As of July '25, Rentcast reports the average rent in Cutler Bay, FL is $2,930, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Cutler Bay, FL is studios: $1,350, 1-bedrooms: $1,630, 2-bedrooms: $2,340, 3-bedrooms: $3,140, 4-bedrooms: $3,910. The most common rental property sizes in Cutler Bay, FL are 2-bedroom and 1-bedroom, accounting for 37.7% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,930 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,650 | $1,630 |
| 2 Bed Rent | $2,250 | $2,340 |
| 3 Bed Rent | $3,000 | $3,140 |
| 4 Bed Rent | $3,700 | $3,910 |
% of Rental Stock
Property Listings — Cutler Bay, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cutler Bay, FL is 76. This is a increase of 26.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | -3.0% |
Listing Count | 117 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 76 | 26.0% |
Demographics — Cutler Bay, FL
As of the latest ACS Survey released in 2023, Cutler Bay, FL has a population of 24,600, which has decreased by -8.6% over the past 5 years. Cutler Bay, FL is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | -8.6% |
% Under 18 | 24.0% | -3.2% |
% Seniors | 18.3% | 43.0% |
% WFH | 11.5% | 155.6% |
% w/ College Degree | 27.3% | 9.2% |
As of the latest ACS Survey released in 2023, Cutler Bay, FL is a predominantly hispanic area, with 67.0% of the population identifying as hispanic. The hispanic population has grown by 12.4% in the last 5 years. The second most common race or ethnicity in Cutler Bay, FL is white, making up 15.1% of the population. Foreign-born residents account for 44.3% of the population in Cutler Bay, FL, and this percentage has increased by 2.3% 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 | 15.1% | -18.4% |
% Black | 12.9% | -37.1% |
% Hispanic | 67.0% | 12.4% |
% Asian | 2.2% | 15.8% |
% Foreign Born | 44.3% | 2.3% |
Mortgage and Risk — Cutler Bay, FL
According to HUD data as of 2023, there were 353 mortgage originations in Cutler Bay, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Cutler Bay, FL. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 353 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Cutler Bay, FL
As of 2024, the percent of homes in Cutler Bay, FL under the Section 8 program is 20.1%. This is considered high, suggesting that the neighborhood is heavily 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 Cutler Bay, 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 | 1,077 |
Total Units Section 8 | 575 |
% Rentals under Section 8 | 20.1% |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,650 | $1,790 |
| 2 Bedroom | -$50 | $2,250 | $2,200 |
| 3 Bedroom | -$160 | $3,000 | $2,840 |
| 4 Bedroom | -$370 | $3,700 | $3,330 |
Affordability — Cutler Bay, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $548,000 |
| Median Household Income | $66,500 |