The story of this market
The typical home in ZIP 33147 sells for about $485,000, or $399 per square foot.
Prices are up +10.4% from a year ago, so sellers still have some momentum. Homes take about 124 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,486 a month.
ZIP 33147 — Miami
The 33147 housing market shows moderate price appreciation and high demand, with a median sale price of $485,000. Market activity is driven by limited inventory and strong interest from investors and local buyers, despite broader economic challenges in the area.
This ZIP is primarily suited for budget-conscious family buyers and long-term residents seeking proximity to the Miami urban core, as well as investors targeting the high-demand rental market.
Median prices moved up 10.4% year over year.
Homes spend a median of 124 days on market with 8.2 months of supply — a slower-moving market.
67% of listings have cut prices · homes sell at 101.3% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.7% · poverty 22.3% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 33147, Miami-Dade County FL
The area faces significant challenges with crime, with reported rates and safety metrics generally higher than regional averages.
School quality in the area is generally characterized as needing improvement, with many local public schools receiving lower ratings on standardized performance metrics.
The area is subject to standard South Florida climate risks, including hurricane and wind exposure, as well as localized flood risks common to the Miami-Dade region.
Economic momentum is driven by the broader Miami-Dade employment core, with local development focused on infill residential projects and small-scale commercial revitalization.
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 typically rely on personal vehicles for commuting to the Miami employment core, with access to major regional highway corridors.
The area features local neighborhood parks and proximity to the broader Miami-Dade amenity base, including shopping and dining districts within a short drive.
The rental market is characterized by high demand and a significant renter share of approximately 49%, with rent trajectories tracking broader Miami-Dade trends.
The economy is tied to the diverse Miami-Dade industry mix, including tourism, logistics, and service-sector employment.
The area is served by major highway corridors connecting to the Miami metropolitan transit network.
Development is primarily focused on residential infill and small-scale commercial improvements within the existing urban fabric.
The Miami-Dade County Property Appraiser manages assessments, utilizing standard Florida ad valorem tax procedures.
Parcels are subject to Miami-Dade County municipal and school district levies.
Property insurance premiums in this region are elevated due to high hazard exposure and the broader Florida insurance market climate.
Data retrieved from Census Bureau ZCTA-level tables.
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 Island4.15.8 mi
- Paradox Museum Miami4.84.3 mi
- C.B. Smith Park4.612.6 mi
- Dave & Buster's Hollywood4.114.1 mi
- Tidal Cove4.210 mi
- Hard Rock Stadium4.67.6 mi
- Bayside Marketplace4.55.9 mi
- Kaseya Center4.75.6 mi
- Wynwood Walls4.74 mi
- LoanDepot Park4.54.9 mi
- Bayside Marketplace4.55.9 mi
- Wynwood Walls4.74 mi
- Vizcaya Museum & Gardens4.77.4 mi
- Bayfront Park4.76 mi
- Phillip & Patricia Frost Museum of Science4.45.3 mi
- Wynwood Walls4.74 mi
- Vizcaya Museum & Gardens4.77.4 mi
- Phillip & Patricia Frost Museum of Science4.45.3 mi
- MUSEUM OF ICE CREAM4.65.4 mi
- Pérez Art Museum Miami4.55.3 mi
- Wynwood Walls4.74 mi
- Bayfront Park4.76 mi
- Tropical Park4.710 mi
- South Pointe Park Pier4.88.9 mi
- Fairchild Tropical Botanic Garden4.812 mi
- Bayside Marketplace4.55.9 mi
- Venetian Marina & Yacht Club4.65.1 mi
- Island Gardens Marina4.65.8 mi
- Pelican Harbor Marina4.54.4 mi
- Coral Reef Yacht Club4.78 mi
- Topgolf Miami Gardens4.36.1 mi
- Topgolf Miami - Doral4.210.1 mi
- Normandy Shores Golf Course4.55.8 mi
- Riviera Country Club4.78.6 mi
- Miami Shores Country Club4.44.1 mi
- Dolphin Mall4.69.8 mi
- Aventura Mall4.69.6 mi
- Brickell City Centre4.76.2 mi
- Bayside Marketplace4.55.9 mi
- Dadeland Mall4.611.8 mi
- Miami International Airport3.94.7 mi
- Miami-Opa Locka Executive Airport4.64.6 mi
- Fort Lauderdale Executive Airport4.524.7 mi
- Miami Executive Airport4.518.2 mi
- Banyan Air Service4.724.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides essential green space for the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.