The story of this market
The typical home in ZIP 33150 sells for about $475,000, or $345 per square foot.
Prices are up +1.8% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 33150 — Miami
The 33150 housing market is currently balanced, with a median sale price of $475,000 and a modest year-over-year increase of 1.8%. Market activity remains steady with 2.4 months of supply, though the low volume of closed sales suggests a cautious approach from both buyers and sellers in the current interest rate environment.
This ZIP code is well-suited for budget-conscious family buyers and investors looking for proximity to Miami's urban core without the premium pricing of coastal neighborhoods.
Median prices moved up 1.8% year over year.
Homes spend a median of 51 days on market with 2.4 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 97% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.7% · poverty 29.5% — 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 8.0%/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 33150, Miami-Dade County, FL
Crime rates in the area are generally higher than the national average, with localized pockets of property and violent crime reported in Miami-Dade County records.
Public schools serving the area are part of the Miami-Dade County Public Schools district, with performance ratings varying significantly by specific school site.
The area is subject to hurricane and tropical storm wind risks, with flood zones designated by FEMA requiring specialized insurance coverage for many properties.
Economic momentum is driven by proximity to the Miami urban core, with ongoing redevelopment efforts in surrounding neighborhoods and infrastructure improvements in Miami-Dade County.
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 commute via I-95 or local arterial roads toward downtown Miami and other major employment hubs in the county.
The area features local neighborhood parks and is within a short drive of major Miami shopping districts, golf courses, and coastal recreational amenities.
The rental market is characterized by high demand and steady rent growth, with a mix of long-term residential leases and some investor-owned properties.
The local economy is anchored by the broader Miami-Dade service, tourism, and logistics sectors, with significant employment opportunities in the nearby downtown and airport corridors.
The area is served by Miami-Dade Transit bus routes and provides access to major highway corridors including I-95 and the Palmetto Expressway.
Development activity is focused on infill residential projects and the conversion of older industrial sites into mixed-use spaces.
The Miami-Dade County Property Appraiser manages assessments, utilizing a market-value approach subject to Save Our Homes caps for primary residences.
Parcels are subject to Miami-Dade County school, municipal, and special taxing district levies for water management and fire services.
Property insurance premiums are elevated due to regional hurricane exposure, with many owners relying on the state-backed Citizens Property Insurance Corporation.
Florida is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a written disclosure of known material defects affecting the property's value.
Data retrieved from data.census.gov 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 Island4.14.8 mi
- Paradox Museum Miami4.83.5 mi
- C.B. Smith Park4.613.4 mi
- Dave & Buster's Hollywood4.113.5 mi
- Tidal Cove4.28.9 mi
- Hard Rock Stadium4.67.8 mi
- Bayside Marketplace4.55.1 mi
- Kaseya Center4.74.8 mi
- Wynwood Walls4.73.3 mi
- LoanDepot Park4.54.9 mi
- Bayside Marketplace4.55.1 mi
- Wynwood Walls4.73.3 mi
- Vizcaya Museum & Gardens4.77.2 mi
- Bayfront Park4.75.2 mi
- Phillip & Patricia Frost Museum of Science4.44.5 mi
- Wynwood Walls4.73.3 mi
- Vizcaya Museum & Gardens4.77.2 mi
- Phillip & Patricia Frost Museum of Science4.44.5 mi
- MUSEUM OF ICE CREAM4.64.7 mi
- Pérez Art Museum Miami4.54.5 mi
- Wynwood Walls4.73.3 mi
- Bayfront Park4.75.2 mi
- Tropical Park4.711.2 mi
- South Pointe Park Pier4.87.6 mi
- Fairchild Tropical Botanic Garden4.812.6 mi
- Bayside Marketplace4.55.1 mi
- Miami Beach Marina4.76.8 mi
- Venetian Marina & Yacht Club4.64.2 mi
- Island Gardens Marina4.64.8 mi
- Miami Marine Stadium4.47.7 mi
- Topgolf Miami Gardens4.35.8 mi
- Topgolf Miami - Doral4.211.9 mi
- Normandy Shores Golf Course4.53.9 mi
- Riviera Country Club4.79.4 mi
- Miami Shores Country Club4.42.3 mi
- Dolphin Mall4.611.6 mi
- Aventura Mall4.68.5 mi
- Brickell City Centre4.75.7 mi
- Bayside Marketplace4.55.1 mi
- Dadeland Mall4.612.7 mi
- Miami International Airport3.96.1 mi
- Miami-Opa Locka Executive Airport4.65.7 mi
- Fort Lauderdale Executive Airport4.524.4 mi
- Miami Executive Airport4.519.5 mi
- Banyan Air Service4.724 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community green space.
High-end retail and dining hub nearby.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).