ZIP 33128 covers residential neighborhoods in Miami, located within Miami-Dade County, FL, part of the broader Miami housing market. The typical home value in ZIP 33128 in the Miami housing market is $433,117, with a typical rent of $2,681 per month. That puts the local home-value-to-annual-rent ratio at 13.5.
Key stats
- ZIP 33128 is around the 10th percentile of tracked local ZIPs for home value.
- ZIP 33128 is around the 45th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 13.5.
- Supply and buyer competition did not produce a clear easing or tightening split.
- ZIP 33128's typical home value is 28.6% below the metro median of $606,807.
- Typical home value
- $433,117
- Typical rent
- $2,681
- Homes for sale
- 57
- Buyer competition
- 41
- New listings
- 7
- Listings with price cuts
- 13.4%
Price and rent in ZIP 33128
ZIP 33128 is around the 10th percentile of tracked local ZIPs for home value. ZIP 33128 is around the 39th percentile of tracked local ZIPs for rent.
ZIP 33128 home value & rent trend (past 12 months)
Typical home value fell 2.6% over the past 12 months, from $444,702 to $433,117. It rose in 2 of 11 monthly readings. The largest monthly gain was +0.8% in July 2026.
Typical rent fell 1.8% over the past 12 months, from $2,730 to $2,681. It rose in 5 of 11 monthly readings. The largest monthly gain was +1.8% in March 2026.
How ZIP 33128 compares to the metro
ZIP 33128's typical home value is 28.6% below the metro median of $606,807. ZIP 33128's typical rent is 2.9% below the metro median of $2,761. ZIP 33128's buyer competition is 2.4% below the metro median of 42.
Supply, pending activity, and competition
ZIP 33128 is around the 14th percentile of tracked local ZIPs for for-sale inventory. ZIP 33128 is around the 45th percentile of tracked local ZIPs for buyer competition. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 41 and 57 — a 16-point spread across 29 comparable tracked ZIPs. Inventory has moved rising in each of the latest three available monthly readings.
Nearby markets worth comparing
Relevant nearby ZIP pages include 33101, 33130, 33136, 33131.
Continue your market research
- Is Miami Housing Market Cooling?Read the related local market analysis.
- Is Miami a Buyer's Market?Read the related local market analysis.
- Compare 33128 vs 33122Compare this market with another tracked ZIP or peer group.
- Compare 33128 vs 33125Compare this market with another tracked ZIP or peer group.
- Compare 33128 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 33101 housing marketReview a nearby local market with the same core measures.
- ZIP 33130 housing marketReview a nearby local market with the same core measures.
- ZIP 33136 housing marketReview a nearby local market with the same core measures.
- Hialeah Metro housing market overviewReturn to the broader parent market.
33128 Housing Market Overview FAQ
What is the typical home value in ZIP 33128?
The typical home value in ZIP 33128 is $433,117 in the latest monthly reading.
What is the typical rent in ZIP 33128?
Typical rent in ZIP 33128 is $2,681 per month.
What is the home-value-to-rent ratio in ZIP 33128?
ZIP 33128 has a home-value-to-annual-rent ratio of 13.5.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules