Cutler Bay, FL—33190
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 $441,000, with a year-over-year change of -2.5%. This indicates that home prices in Cutler Bay, FL are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | -2.5% |
| Single Family | $463,000 | -3.1% |
| Condos | $299,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $297,000 | -1.0% |
3 Bed | $432,000 | -2.7% |
4 Bed | $553,000 | -2.3% |
| 5 Bed | $678,000 | -3.3% |
% of Housing Stock
Rental Trends — Cutler Bay, FL
As of July '25, Rentcast reports the average rent in Cutler Bay, FL is $2,970, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Cutler Bay, FL is 1-bedrooms: $1,520, 2-bedrooms: $2,190, 3-bedrooms: $2,890, 4-bedrooms: $3,720. The most common rental property sizes in Cutler Bay, FL are 3-bedroom and 2-bedroom, accounting for 45.9% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,970 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,520 |
| 2 Bed Rent | $2,190 | $2,190 |
| 3 Bed Rent | $2,800 | $2,890 |
| 4 Bed Rent | $3,500 | $3,720 |
% 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 69. This is a increase of 7.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $439,000 | -11.0% |
Listing Count | 124 | 49.0% |
| Listings as % of Homes | 1.1% | 49.0% |
Days on Market | 69 | 7.0% |
Demographics — Cutler Bay, FL
As of the latest ACS Survey released in 2023, Cutler Bay, FL has a population of 17,300, which has increased by 6.0% over the past 5 years. Cutler Bay, FL is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | 6.0% |
% Under 18 | 26.1% | -12.1% |
% Seniors | 9.5% | 14.5% |
% WFH | 11.7% | 108.9% |
% w/ College Degree | 30.2% | -9.9% |
As of the latest ACS Survey released in 2023, Cutler Bay, FL is a predominantly hispanic area, with 71.7% of the population identifying as hispanic. The hispanic population has grown by 17.9% in the last 5 years. The second most common race or ethnicity in Cutler Bay, FL is white, making up 13.5% of the population. Foreign-born residents account for 45.3% 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 | 13.5% | -6.2% |
% Black | 12.6% | -36.7% |
% Hispanic | 71.7% | 17.9% |
% Asian | 0.6% | -76.9% |
% Foreign Born | 45.3% | 2.3% |
Mortgage and Risk — Cutler Bay, FL
According to HUD data as of 2023, there were 95 mortgage originations in Cutler Bay, FL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Cutler Bay, FL. Investor activity is low, as 3.0% 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 | 95 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
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 5.0%. 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. In Cutler Bay, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 181 |
Total Units Section 8 | 144 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,500 | $1,890 |
| 2 Bedroom | $130 | $2,190 | $2,320 |
| 3 Bedroom | $200 | $2,800 | $3,000 |
| 4 Bedroom | $10 | $3,500 | $3,510 |
Affordability — Cutler Bay, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $441,000 |
| Median Household Income | $75,900 |