The story of this market
The typical home in ZIP 33194 sells for about $518,000, or $356 per square foot.
Prices are down 6.4% from a year ago, which gives buyers more room to negotiate. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,728 a month.
ZIP 33194 — Miami
The 33194 housing market is experiencing a cooling phase with a year-over-year price decline of 6.4% and a median sale price of $518,000. High interest rates and affordability constraints are driving longer days on market and a shift toward a buyer's opportunity. Inventory remains tight, but the market is adjusting to the current economic environment.
This ZIP is well-suited for family buyers and commuters seeking suburban housing options within reach of Miami's employment centers, though affordability remains a challenge.
Median prices moved down 6.4% year over year.
Homes spend a median of 66 days on market with 0.5 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 2.9% — 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 7.6%/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 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 33194, Miami-Dade County FL
Not determinable at the ZIP level; Miami-Dade County reports vary by specific neighborhood and municipality.
Schools serving the area are part of the Miami-Dade County Public Schools district, which maintains a diverse range of magnet and traditional public school options.
The area is subject to hurricane and tropical storm wind risks, as well as localized flood risks common to South Florida's low-lying topography.
Economic momentum is driven by the broader Miami-Dade region's logistics, tourism, and international trade sectors, with ongoing residential development in the suburban periphery.
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 private vehicles for commuting via major corridors like the Florida Turnpike and SR 874 toward Miami's employment hubs.
The area features access to local community parks and is within driving distance of the Everglades and regional shopping centers in the Kendall/Homestead area.
The rental market is characterized by high demand and limited vacancy, with significant investor interest in single-family rentals.
The economy is anchored by the Miami-Dade County labor market, with major sectors including logistics, healthcare, and professional services.
Transportation is heavily dependent on the highway network, including the Florida Turnpike, with limited public transit connectivity.
Development is focused on residential infill and expansion of suburban housing stock in the southern portion of the county.
The Miami-Dade County Property Appraiser manages assessments, utilizing a mass appraisal system to determine market value for tax purposes.
Parcels are subject to Miami-Dade County school, municipal, and special taxing district levies for services like water and flood control.
Property insurance premiums are elevated due to hurricane risk, with many residents relying on Citizens Property Insurance Corporation.
Florida is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure statement regarding the condition of the property.
Data retrieved from U.S. Census Bureau ACS tables for ZCTA 33194 and Miami-Dade County.
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.
- Everglades Safari Park4.43.3 mi
- Christmas Wonderland - Miami3.518.1 mi
- Urban Air Trampoline and Adventure Park4.410.5 mi
- Sky Zone Trampoline Park4.219 mi
- Dave & Buster's Miami4.415.1 mi
- Miccosukee Casino & Resort48.5 mi
- Miami-Dade County Fair & Exposition, Inc.4.315 mi
- Topgolf Miami - Doral4.214.8 mi
- Nando Grill Campestre – Carne en Vara & Steakhouse4.911.9 mi
- Schnebly Redland's Winery & Brewery4.716.4 mi
- Shark Valley Visitor Center4.610.1 mi
- Everglades Safari Park4.43.3 mi
- Gator Park4.43.7 mi
- Urban Air Trampoline and Adventure Park4.410.5 mi
- Coopertown The Original Airboat Tour of Everglades National Park4.34.4 mi
- Coral Castle4.418 mi
- Monkey Jungle415.1 mi
- Patricia and Phillip Frost Art Museum4.515 mi
- Alper JCC Miami4.615.1 mi
- Dennis C. Moss Cultural Arts Center (The Moss Center)4.718 mi
- Everglades Safari Park4.43.3 mi
- Gator Park4.43.7 mi
- Shark Valley Tram Tours4.610.1 mi
- Shark Valley Observation Tower4.710.5 mi
- Westwind Lakes Park4.610.7 mi
- Miccosukee Golf & Country Club4.311.5 mi
- Publix Super Market at Higate Square4.612.1 mi
- Ross Dress for Less4.312.9 mi
- Ross Dress for Less4.211.3 mi
- Ross Dress for Less4.212.1 mi
- London Square4.512.9 mi
- Miami International Airport3.921.1 mi
- Miami-Opa Locka Executive Airport4.625.2 mi
- Miami Executive Airport4.512.2 mi
- Hialeah Executive Motel3.521.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Neighborhood-level green spaces and playgrounds.
Access to major retail hubs in the Kendall/Homestead corridor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.