ZIP 33131 covers residential neighborhoods in Miami, located within Miami-Dade County, FL, part of the broader Miami housing market. The typical home value in ZIP 33131 in the Miami housing market is $587,486, with a typical rent of $3,815 per month. That puts the local home-value-to-annual-rent ratio at 12.8.
Key stats
- ZIP 33131 is around the 48th percentile of tracked local ZIPs for home value.
- ZIP 33131 is around the 7th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 12.8.
- 42 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $587,486
- Typical rent
- $3,815
- Homes for sale
- 878
- Buyer competition
- 33
- New listings
- 107
- Homes going pending
- 45
- Listings with price cuts
- 12.1%
Price and rent in ZIP 33131
ZIP 33131 is around the 48th percentile of tracked local ZIPs for home value. ZIP 33131 is among the highest of tracked local ZIPs for rent.
ZIP 33131 home value & rent trend (past 12 months)
Typical home value fell 2.1% over the past 12 months, from $600,009 to $587,486. It rose in 1 of 11 monthly readings. The largest monthly gain was +0.1% in July 2026.
Typical rent rose 0.2% over the past 12 months, from $3,807 to $3,815. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.9% in November 2025.
How ZIP 33131 compares to the metro
ZIP 33131's typical home value is 3.2% below the metro median of $606,807. ZIP 33131's typical rent is 38.2% above the metro median of $2,761. ZIP 33131's buyer competition is 21.4% below the metro median of 42.
How fast homes sell in ZIP 33131
Homes in ZIP 33131 typically go pending in about 180 days — about 102% slower than the metro median of 89 days.
Supply, pending activity, and competition
ZIP 33131 is among the highest of tracked local ZIPs for for-sale inventory. ZIP 33131 is around the 7th percentile of tracked local ZIPs for buyer competition. 42 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 873 and 954 — a 81-point spread across 29 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 33132, 33101, 33130, 33128.
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 33131 vs 33122Compare this market with another tracked ZIP or peer group.
- Compare 33131 vs 33125Compare this market with another tracked ZIP or peer group.
- Compare 33131 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 33132 housing marketReview a nearby local market with the same core measures.
- 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.
- Hialeah Metro housing market overviewReturn to the broader parent market.
33131 Housing Market Overview FAQ
What is the typical home value in ZIP 33131?
The typical home value in ZIP 33131 is $587,486 in the latest monthly reading.
What is the typical rent in ZIP 33131?
Typical rent in ZIP 33131 is $3,815 per month.
What is the home-value-to-rent ratio in ZIP 33131?
ZIP 33131 has a home-value-to-annual-rent ratio of 12.8.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules