The story of this market
The typical home in ZIP 33033 sells for about $471,250, or $265 per square foot.
Prices are down 3.2% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,766 a month.
ZIP 33033 — Homestead
The 33033 housing market is currently balanced, with a median sale price of $471,250 reflecting a slight year-over-year decline. Market activity is driven by steady demand for single-family homes, though higher interest rates and insurance costs continue to influence buyer behavior and inventory turnover.
This ZIP code is well-suited for families and first-time homebuyers seeking more affordable housing options compared to the Miami urban core, as well as commuters who prioritize space over proximity to downtown.
Median prices moved down 3.2% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 15.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 33033, Miami-Dade County FL
Crime rates in Homestead are generally higher than the national average, with property crime being the most frequently reported incident type in the area.
Schools in the 33033 area are part of the Miami-Dade County Public Schools district, which maintains a diverse range of academic performance ratings across its elementary, middle, and high school campuses.
The area is subject to significant hurricane and wind risk due to its South Florida location, necessitating robust property insurance coverage and adherence to strict building codes.
Economic momentum is driven by the expansion of the agricultural sector, logistics, and proximity to Homestead Air Reserve Base, alongside ongoing residential development in the Keys Gate and surrounding communities.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Commuters typically rely on the Florida Turnpike or US-1 to reach employment hubs in Miami and Doral, with travel times often exceeding 45-60 minutes during peak hours.
The area features proximity to the Everglades National Park and Biscayne National Park, along with local amenities like the Homestead-Miami Speedway and various community parks.
The rental market is characterized by high demand and moderate vacancy pressure, with a significant presence of individual investors and a growing segment of short-term rental activity.
The local economy is anchored by agriculture, retail, and government services, with significant employment provided by the Homestead Air Reserve Base and local healthcare facilities.
Transportation is heavily reliant on private vehicles, with the Florida Turnpike serving as the primary artery for regional connectivity.
Development is focused on infill residential projects and the revitalization of the downtown Homestead area to improve walkability and commercial density.
The Miami-Dade County Property Appraiser manages assessments, utilizing a mass appraisal system to determine annual property values for tax purposes.
Parcels in this ZIP are subject to Miami-Dade County school and municipal taxes, along with potential special assessments for water and sewer infrastructure.
Property insurance premiums in this region are among the highest in the state due to hurricane exposure, with many residents relying on the state-backed Citizens Property Insurance Corporation.
Florida continues to experience strong net domestic migration, driven by retirees and remote workers relocating from higher-cost states.
Florida is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically results in longer timelines for lenders.
Sellers are required to provide a comprehensive disclosure statement regarding the condition of the property, including known defects and history of flooding.
Data retrieved from data.census.gov ZCTA 33033 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Christmas Wonderland - Miami3.518.1 mi
- Urban Air Trampoline and Adventure Park4.413.4 mi
- Off The Wall Kendall4.813.6 mi
- Sky Zone Trampoline Park4.48.7 mi
- Chuck E. Cheese4.413.8 mi
- Miccosukee Casino & Resort419 mi
- Miami-Dade County Fair & Exposition, Inc.4.318.1 mi
- Homestead-Miami Speedway4.73.2 mi
- Watsco Center4.618.3 mi
- Nando Grill Campestre – Carne en Vara & Steakhouse4.97.3 mi
- Zoo Miami4.58.5 mi
- Ernest F. Coe Visitor Center4.711.3 mi
- Everglades Alligator Farm4.67.9 mi
- Coral Castle4.40.8 mi
- Homestead Bayfront Park4.46.6 mi
- Coral Castle4.40.8 mi
- Ocean Reef Club4.315.8 mi
- Monkey Jungle45.1 mi
- Deering Estate4.711.6 mi
- Patricia and Phillip Frost Art Museum4.518.5 mi
- Zoo Miami4.58.5 mi
- Ernest F. Coe Visitor Center4.711.3 mi
- Everglades Alligator Farm4.67.9 mi
- Larry and Penny Thompson Memorial Park and Campground4.58 mi
- Homestead Bayfront Park4.46.6 mi
- Black Point Park and Marina4.67.5 mi
- Ocean Reef Club4.315.8 mi
- Cocoplum Yacht Club4.818.6 mi
- Matheson Hammock Marine Fuel4.517 mi
- Deering Bay Marina4.613.3 mi
- Palmetto Golf Course411 mi
- Briar Bay Golf Course3.612 mi
- Redland Golf & Country Club4.34.1 mi
- The Falls4.612.2 mi
- Robert Is Here Fruit Stand4.65.1 mi
- Florida Keys Outlet Marketplace4.43.6 mi
- Southland Mall4.27.1 mi
- The Berry Farms4.35.2 mi
- Miami International Airport3.922.9 mi
- Miami-Opa Locka Executive Airport4.630.7 mi
- Miami Executive Airport4.510.8 mi
- Ocean Reef Club4.315.8 mi
- Hialeah Executive Motel3.524.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major racing venue hosting NASCAR events.
World-renowned wetlands and wildlife preserve.
Central community park in downtown Homestead.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).