The story of this market
The typical home in ZIP 33133 sells for about $1,850,000, or $451 per square foot.
Prices are down 7.18% from a year ago, which gives buyers more room to negotiate. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,068 a month.
ZIP 33133 — Miami
The 33133 housing market is currently experiencing a decline in both median sale prices and rental rates, with year-over-year price drops of over 7%. Market activity is characterized by a high median price point and a significant number of days on market, reflecting a cooling trend in the area. Investors and buyers are advised to approach with caution due to these downward price pressures and tenant stability challenges.
This ZIP is suited for affluent buyers and investors looking for a mix of privacy and urban convenience in the Coconut Grove area, though investors should be prepared for active management due to tenant stability trends.
Median prices moved down 7.2% year over year.
Homes spend a median of 69 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 10.5% — a stable, low-distress profile.
ZCTA 33133, Miami-Dade County FL
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.
The area is located in close proximity to the employment hubs of Brickell and Key Biscayne, offering convenient access for commuters.
The area features access to Coconut Grove's waterfront, parks, and shopping districts, providing a mix of coastal and urban amenities.
The rental market shows a year-over-year decline in median rent of 13.33%, with a renter share of approximately 47%.
The local economy is anchored by proximity to the major financial and business districts of Miami, including Brickell.
Data retrieved from U.S. Census Bureau and ACS 5-Year Estimates.
- Jungle Island4.15.5 mi
- Paradox Museum Miami4.85.4 mi
- Christmas Wonderland - Miami3.55.1 mi
- Tidal Cove4.217.1 mi
- K1 Speed Miami4.49.8 mi
- Hard Rock Stadium4.615.7 mi
- Bayside Marketplace4.54.6 mi
- Kaseya Center4.74.7 mi
- Wynwood Walls4.75.4 mi
- LoanDepot Park4.53.5 mi
- Bayside Marketplace4.54.6 mi
- Wynwood Walls4.75.4 mi
- Zoo Miami4.513 mi
- Vizcaya Museum & Gardens4.71.9 mi
- Bayfront Park4.74.4 mi
- Wynwood Walls4.75.4 mi
- Vizcaya Museum & Gardens4.71.9 mi
- Phillip & Patricia Frost Museum of Science4.44.9 mi
- MUSEUM OF ICE CREAM4.64.6 mi
- Pérez Art Museum Miami4.55 mi
- Wynwood Walls4.75.4 mi
- Zoo Miami4.513 mi
- Bayfront Park4.74.4 mi
- Tropical Park4.75.4 mi
- South Pointe Park Pier4.87.1 mi
- Bayside Marketplace4.54.6 mi
- Black Point Park and Marina4.614.4 mi
- Miami Beach Marina4.76.7 mi
- Dinner Key Marina4.50.3 mi
- Venetian Marina & Yacht Club4.65.3 mi
- Topgolf Miami - Doral4.210.4 mi
- Normandy Shores Golf Course4.510.4 mi
- Riviera Country Club4.72.4 mi
- Miami Shores Country Club4.410.2 mi
- Puttery4.85.5 mi
- Dolphin Mall4.69.7 mi
- Brickell City Centre4.73.8 mi
- Bayside Marketplace4.54.6 mi
- Dadeland Mall4.65.4 mi
- Miami International Mall4.58.8 mi
- Miami International Airport3.95.1 mi
- Miami-Opa Locka Executive Airport4.612.5 mi
- Miami Executive Airport4.513.2 mi
- Ocean Reef Club4.329 mi
- Hialeah Executive Motel3.57.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic and vibrant area known for its tree-lined streets, shopping, and dining.
A private island oasis located in the heart of Coconut Grove.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).