The story of this market
The typical home in ZIP 33135 sells for about $942,000, or $382 per square foot.
Prices are down 2.2% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,422 a month.
ZIP 33135 — Miami
The 33135 housing market is currently experiencing a cooling phase with increasing buyer leverage. Supply is outpacing demand, leading to a rise in price cuts and softening sale prices. The market is driven by a mismatch between aggressive seller pricing and limited local affordability.
Fits budget-conscious renters and investors looking for long-term value. Family buyers may face affordability challenges due to the high price-to-income ratio.
Median prices moved down 2.2% year over year.
Homes spend a median of 88 days on market with 18.3 months of supply — a slower-moving market.
27% of listings have cut prices · homes sell at 96% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 26.9% — a mixed stability 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 11.0%/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 outflow — more people moved out than in
ZCTA 33135, Miami-Dade County, FL
The area reports a crime grade of D, with violent crime rates roughly 64% higher than the national average. Crime is often concentrated in high-traffic or commercial zones rather than residential streets.
Local public schools are diverse with a minority enrollment of 96%. Prevailing school performance is mixed, with charter schools like International Studies Charter Middle/High performing above the state average in proficiency.
63% of properties in this ZIP are identified as having a risk of flooding over the next 30 years, with flood risk increasing faster than the national average.
The area has limited major new development announcements. Growth momentum is largely driven by urban infill and renovation of the existing older housing stock.
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.
Primarily a car-dependent environment with significant surface-street congestion during peak hours. Access to Miami’s employment core is facilitated by major thoroughfares like W Flagler St.
Proximity to Little Havana and various local parks and community centers. Shopping and dining are concentrated along the Flagler corridor.
High renter share of approximately 77%. The market is seeing a cool trend with average rents experiencing modest year-over-year decreases.
Mix of service, retail, and small-business support. Proximity to downtown Miami provides access to larger employment hubs.
Car-dependent with heavy reliance on surface streets. Access to regional transit is limited compared to the urban core.
Predominantly established neighborhood with limited large-scale infrastructure expansion. Focus is on maintenance and moderate densification.
Miami-Dade County Property Appraiser manages assessments based on market value with homestead exemptions.
Miami-Dade County School District and local municipal utility districts.
High-risk area for wind and flood, leading to significant property-insurance premiums typical of South Florida coastal regions.
Data retrieved from data.census.gov ZCTA 33135 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.
- Jungle Island4.13.9 mi
- Paradox Museum Miami4.83.3 mi
- C.B. Smith Park4.617.8 mi
- Dave & Buster's Hollywood4.119.3 mi
- Tidal Cove4.214.6 mi
- Hard Rock Stadium4.613.1 mi
- Bayside Marketplace4.53.2 mi
- Kaseya Center4.73.1 mi
- Wynwood Walls4.73.1 mi
- LoanDepot Park4.51.2 mi
- Bayside Marketplace4.53.2 mi
- Wynwood Walls4.73.1 mi
- Vizcaya Museum & Gardens4.72.3 mi
- Bayfront Park4.73.1 mi
- Phillip & Patricia Frost Museum of Science4.43.1 mi
- Wynwood Walls4.73.1 mi
- Vizcaya Museum & Gardens4.72.3 mi
- Phillip & Patricia Frost Museum of Science4.43.1 mi
- MUSEUM OF ICE CREAM4.62.8 mi
- Pérez Art Museum Miami4.53.3 mi
- Wynwood Walls4.73.1 mi
- Bayfront Park4.73.1 mi
- Tropical Park4.76.3 mi
- South Pointe Park Pier4.86.6 mi
- Fairchild Tropical Botanic Garden4.86.8 mi
- Bayside Marketplace4.53.2 mi
- Black Point Park and Marina4.616.9 mi
- Miami Beach Marina4.75.9 mi
- Dinner Key Marina4.52.9 mi
- Venetian Marina & Yacht Club4.63.5 mi
- Topgolf Miami Gardens4.311.5 mi
- Topgolf Miami - Doral4.29.7 mi
- Normandy Shores Golf Course4.58.3 mi
- Riviera Country Club4.73.8 mi
- Miami Shores Country Club4.47.8 mi
- Dolphin Mall4.69.1 mi
- Brickell City Centre4.72.6 mi
- Bayside Marketplace4.53.2 mi
- Dadeland Mall4.67.2 mi
- Miami International Mall4.58.2 mi
- Miami International Airport3.93.4 mi
- Miami-Opa Locka Executive Airport4.69.9 mi
- Fort Lauderdale Executive Airport4.530.1 mi
- Miami Executive Airport4.514.6 mi
- Banyan Air Service4.729.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic neighborhood with significant cultural and dining attractions.
Primary commercial artery serving the local community.
Various community-level parks and centers serving the residential population.
Key-figure check: median price diverges 22.1% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $733,683 (-22.1% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.