ZIP 33132 covers residential neighborhoods in Miami, located within Miami-Dade County, FL, part of the broader Miami housing market. The typical home value in ZIP 33132 in the Miami housing market is $513,694, with a typical rent of $3,511 per month. That puts the local home-value-to-annual-rent ratio at 12.2.
Key stats
- ZIP 33132 is around the 24th percentile of tracked local ZIPs for home value.
- ZIP 33132 is among the lowest of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 12.2.
- 36 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
- $513,694
- Typical rent
- $3,511
- Homes for sale
- 584
- Buyer competition
- 31
- New listings
- 77
- Homes going pending
- 28
- Listings with price cuts
- 11.6%
Price and rent in ZIP 33132
ZIP 33132 is around the 24th percentile of tracked local ZIPs for home value. ZIP 33132 is around the 86th percentile of tracked local ZIPs for rent.
ZIP 33132 home value & rent trend (past 12 months)
Typical home value fell 1.3% over the past 12 months, from $520,560 to $513,694. It rose in 3 of 11 monthly readings. The largest monthly gain was +0.3% in July 2026.
Typical rent rose 2.0% over the past 12 months, from $3,443 to $3,511. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.3% in March 2026.
How ZIP 33132 compares to Hialeah
ZIP 33132's typical home value is 14.7% below the Miami median of $602,196. ZIP 33132's typical rent is 28.3% above the Miami median of $2,736. ZIP 33132's buyer competition is 24.4% below the Miami median of 41.
How fast homes sell in ZIP 33132
Homes in ZIP 33132 typically go pending in about 184 days — about 103% slower than the metro median of 91 days.
Supply, pending activity, and competition
ZIP 33132 is around the 96th percentile of tracked local ZIPs for for-sale inventory. ZIP 33132 is among the lowest of tracked local ZIPs for buyer competition. 36 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 584 and 664 — a 80-point spread across 29 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 33131, 33128, 33136, 33130.
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 33131 housing marketReview a nearby local market with the same core measures.
- ZIP 33128 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 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 by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.