The story of this market
The typical home in ZIP 33177 sells for about $642,500, or $325 per square foot.
Prices are down 1.68% 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 $2,174 a month.
ZIP 33177 — Miami
The 33177 housing market is currently experiencing a cooling phase, evidenced by a year-over-year price decline and an increase in days on market. While demand remains present, buyers are exercising more leverage, resulting in a median sale-to-list ratio below asking price. High insurance costs and broader economic pressures in South Florida continue to influence market activity.
This ZIP is well-suited for family buyers and commuters seeking suburban housing options with access to the broader Miami metropolitan area.
Median prices moved down 1.7% year over year.
Homes spend a median of 69 days on market with 5.7 months of supply — a balanced-paced market.
17% of listings have cut prices · homes sell at 93% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 13.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 33177, Miami-Dade County, FL
The area faces significant hurricane and wind exposure typical of South Florida, necessitating robust property insurance coverage.
The area is characterized by suburban residential development with proximity to major employment hubs 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 primarily rely on personal vehicles for commuting to employment centers in Miami via major corridors like the Florida Turnpike.
The area features local parks and proximity to suburban shopping centers and dining districts within the Richmond West and surrounding communities.
The rental market shows healthy demand with a median rent of $2,648, though year-over-year rental prices have seen a slight decline.
The local economy is driven by the broader Miami-Dade County labor market, with significant employment in services, retail, and professional sectors.
Transportation is heavily dependent on the highway network, specifically the Florida Turnpike and local arterial roads.
Development is primarily focused on infill residential projects and suburban expansion within the unincorporated county areas.
The Miami-Dade County Property Appraiser manages assessments, utilizing a market-value based system subject to Save Our Homes caps.
Parcels are subject to Miami-Dade County general taxes, school district levies, and various special taxing districts for municipal services.
Property insurance premiums in this region are high due to hurricane risk, with many residents relying on the state-backed Citizens Property Insurance Corporation.
Data derived from US Census Bureau and PropertyShark records.
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 Island4.119.2 mi
- Everglades Safari Park4.418.2 mi
- Paradox Museum Miami4.819 mi
- Christmas Wonderland - Miami3.510.7 mi
- K1 Speed Miami4.418.3 mi
- Bayside Marketplace4.518.3 mi
- Kaseya Center4.718.5 mi
- Wynwood Walls4.718.9 mi
- LoanDepot Park4.516.9 mi
- Bayfront Park4.718.2 mi
- Zoo Miami4.51 mi
- Tropical Park4.710.2 mi
- Fairchild Tropical Botanic Garden4.89.7 mi
- Matheson Hammock Park & Marina4.510.6 mi
- Regal Kendall Village4.36.5 mi
- Wynwood Walls4.718.9 mi
- Vizcaya Museum & Gardens4.715.6 mi
- Phillip & Patricia Frost Museum of Science4.418.6 mi
- MUSEUM OF ICE CREAM4.618.3 mi
- Pérez Art Museum Miami4.518.7 mi
- Zoo Miami4.51 mi
- Tropical Park4.710.2 mi
- Fairchild Tropical Botanic Garden4.89.7 mi
- Matheson Hammock Park & Marina4.510.6 mi
- Pinecrest Gardens4.88.8 mi
- Bayside Marketplace4.518.3 mi
- Black Point Park and Marina4.65.9 mi
- Dinner Key Marina4.513.7 mi
- Venetian Marina & Yacht Club4.619 mi
- Miami Marine Stadium4.417.6 mi
- Riviera Country Club4.712 mi
- Miccosukee Golf & Country Club4.37.8 mi
- Deering Bay Yacht & Country Club4.77.3 mi
- Palmetto Golf Course44.1 mi
- Biltmore Golf Course Miami4.212.5 mi
- Dadeland Mall4.68.5 mi
- The Falls4.65.1 mi
- Shops at Merrick Park4.612.9 mi
- Robert Is Here Fruit Stand4.612 mi
- Florida Keys Outlet Marketplace4.410.9 mi
- Miami International Airport3.915.5 mi
- Miami-Opa Locka Executive Airport4.623.2 mi
- Miami Executive Airport4.54.2 mi
- Ocean Reef Club4.320.9 mi
- Hialeah Executive Motel3.517.5 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 spaces serving the residential population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.