Brickell, Miami, FL—33131
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Brickell, Miami, FL
Home Price Trends — Brickell, Miami, FL
As of Oct '25, the median home price in Brickell, Miami, FL is $588,000, with a year-over-year change of -4.4%. This indicates that home prices in Brickell, Miami, 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 | $588,000 | -4.4% |
| Single Family | $608,000 | -7.2% |
| Condos | $587,000 | -4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $450,000 | -4.9% |
2 Bed | $702,000 | -4.5% |
3 Bed | $1,421,000 | -2.0% |
4 Bed | $3,488,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Brickell, Miami, FL
As of July '25, Rentcast reports the average rent in Brickell, Miami, FL is $4,250, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Brickell, Miami, FL is studios: $2,850, 1-bedrooms: $3,520, 2-bedrooms: $4,990, 3-bedrooms: $7,090. The most common rental property sizes in Brickell, Miami, FL are 1-bedroom and 2-bedroom, accounting for 45.9% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,850 | $4,250 |
| Studio Rent | $2,600 | $2,850 |
| 1 Bed Rent | $3,250 | $3,520 |
| 2 Bed Rent | $4,500 | $4,990 |
| 3 Bed Rent | $6,600 | $7,090 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Brickell, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Brickell, Miami, FL is 114. This is a increase of 32.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | 6.0% |
Listing Count | 993 | 27.0% |
| Listings as % of Homes | 3.2% | 27.0% |
Days on Market | 114 | 32.0% |
Demographics — Brickell, Miami, FL
As of the latest ACS Survey released in 2023, Brickell, Miami, FL has a population of 23,300, which has increased by 39.3% over the past 5 years. Brickell, Miami, FL is a less popular place for families, as children make up 10.7% of the population. The area has a highly educated workforce, with 76.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | 39.3% |
% Under 18 | 10.7% | -9.3% |
% Seniors | 7.1% | 2.9% |
% WFH | 28.8% | 123.3% |
% w/ College Degree | 76.7% | -0.8% |
As of the latest ACS Survey released in 2023, Brickell, Miami, FL is a predominantly hispanic area, with 52.1% of the population identifying as hispanic. The hispanic population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Brickell, Miami, FL is white, making up 33.4% of the population. Foreign-born residents account for 53.8% of the population in Brickell, Miami, FL, and this percentage has increased by 6.1% 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 | 33.4% | -17.5% |
% Black | 3.7% | 131.2% |
% Hispanic | 52.1% | -1.1% |
% Asian | 4.4% | 10.0% |
% Foreign Born | 53.8% | 6.1% |
Mortgage and Risk — Brickell, Miami, FL
According to HUD data as of 2023, there were 430 mortgage originations in Brickell, Miami, FL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Brickell, Miami, FL. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 430 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 7.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Brickell, Miami, FL
Brickell, Miami, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$410 | $3,250 | $2,840 |
| 2 Bedroom | -$1,010 | $4,500 | $3,490 |
| 3 Bedroom | -$2,090 | $6,600 | $4,510 |
| 4 Bedroom | N/A | N/A | $5,280 |
Affordability — Brickell, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $588,000 |
| Median Household Income | $143,000 |