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 1.9% over the last 11 months, from $598,843 to $587,486. It rose in 1 of 10 monthly readings. The largest monthly gain was +0.1% in July 2026.
Typical rent rose 0.4% over the last 11 months, from $3,798 to $3,815. It rose in 5 of 10 monthly readings. The largest monthly gain was +0.9% in November 2025.
How ZIP 33131 compares to Hialeah
ZIP 33131's typical home value is 3.2% below the Miami median of $606,807. ZIP 33131's typical rent is 38.2% above the Miami median of $2,761. ZIP 33131's buyer competition is 21.4% below the Miami 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 11 readings on record, inventory moved between 873 and 928 — a 55-point spread across 29 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 33132, 33130, 33128, 33129.
Continue your market research
- Is the Miami Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Miami a Buyer's Market?Read the related local market analysis.
- All Miami ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 33132 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 33128 housing marketReview a nearby local market with the same core measures.
- Hialeah housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly under our editorial policy. Spotted something wrong? Report a correction.