The story of this market
The typical home in ZIP 33137 sells for about $845,000, or $616 per square foot.
Prices are up +6.6% from a year ago, so sellers still have some momentum. Homes take about 152 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,489 a month.
ZIP 33137 — Miami
The 33137 housing market is currently experiencing a cooling phase with high days on market and significant negotiation room for buyers. While prices have shown modest year-over-year growth, the high inventory and competitive rental market suggest a shift toward a more balanced environment. Market activity is heavily influenced by luxury high-rise inventory and broader economic pressures in the Miami area.
This ZIP is ideal for urban professionals and investors seeking proximity to Miami's cultural and commercial hubs, offering a high-density lifestyle with significant walkability.
Median prices moved up 6.6% year over year.
Homes spend a median of 152 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 91% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 11.0% — 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 7.3%/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 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 33137
Crime trends in the 33137 area are generally consistent with broader urban Miami patterns, with property crime remaining a primary concern relative to national averages.
Schools serving the area are part of the Miami-Dade County Public Schools system, which offers a mix of magnet programs and traditional neighborhood schools with varying performance ratings.
The area faces significant climate risks, particularly regarding flood exposure and hurricane-related wind damage, which heavily influence local property insurance premiums and availability.
Development momentum is driven by high-density residential and mixed-use projects along the Biscayne Corridor, supported by proximity to the Miami Design District and Midtown Miami.
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.
Residents benefit from central access to major thoroughfares like Biscayne Boulevard and I-95, providing relatively direct transit to Downtown Miami and the Brickell financial district.
The ZIP features immediate access to the waterfront, proximity to Margaret Pace Park, and extensive shopping and dining options within the Design District and Midtown.
The rental market is characterized by high demand for luxury high-rise units, with significant investor presence and a steady supply of short-term rental activity.
The local economy is anchored by tourism, international trade, and a growing tech and creative sector centered in the nearby Design District and Downtown Miami.
The area is served by major bus routes and is highly accessible via I-95, though traffic congestion remains a significant factor for commuters.
The development pipeline remains active with several high-density residential projects approved for the Biscayne Boulevard corridor.
Parcels are subject to standard Miami-Dade County municipal and school district taxes, with some areas potentially falling under specific community development districts.
Property insurance remains a critical challenge due to high hazard exposure, leading to rising premiums and limited carrier options.
Data retrieved from data.census.gov ZCTA 33137 profiles.
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 Island4.12.4 mi
- Paradox Museum Miami4.81.7 mi
- C.B. Smith Park4.615.9 mi
- Dave & Buster's Hollywood4.115.2 mi
- Tidal Cove4.210.1 mi
- Hard Rock Stadium4.610.1 mi
- Bayside Marketplace4.53 mi
- Kaseya Center4.72.7 mi
- Wynwood Walls4.71.7 mi
- LoanDepot Park4.53.8 mi
- Bayside Marketplace4.53 mi
- Wynwood Walls4.71.7 mi
- Vizcaya Museum & Gardens4.75.6 mi
- Bayfront Park4.73.2 mi
- Phillip & Patricia Frost Museum of Science4.42.5 mi
- Wynwood Walls4.71.7 mi
- Vizcaya Museum & Gardens4.75.6 mi
- Phillip & Patricia Frost Museum of Science4.42.5 mi
- MUSEUM OF ICE CREAM4.62.7 mi
- Pérez Art Museum Miami4.52.4 mi
- Wynwood Walls4.71.7 mi
- Bayfront Park4.73.2 mi
- Tropical Park4.711 mi
- South Pointe Park Pier4.85.1 mi
- Fairchild Tropical Botanic Garden4.811.4 mi
- Bayside Marketplace4.53 mi
- Miami Beach Marina4.74.3 mi
- Dinner Key Marina4.57.3 mi
- Venetian Marina & Yacht Club4.62.1 mi
- Island Gardens Marina4.62.5 mi
- Topgolf Miami Gardens4.37.9 mi
- Normandy Shores Golf Course4.53.4 mi
- Riviera Country Club4.78.7 mi
- Miami Shores Country Club4.43.3 mi
- Puttery4.81.7 mi
- Dolphin Mall4.612.5 mi
- Aventura Mall4.69.7 mi
- Brickell City Centre4.73.8 mi
- Bayside Marketplace4.53 mi
- Dadeland Mall4.612.1 mi
- Miami International Airport3.96.5 mi
- Miami-Opa Locka Executive Airport4.68.1 mi
- Fort Lauderdale Executive Airport4.526.3 mi
- Miami Executive Airport4.519.4 mi
- Banyan Air Service4.725.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
High-end retail and art destination.
Waterfront park with sports facilities.
Major mixed-use retail and residential hub.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.