ZIP 33138 covers residential neighborhoods in Miami, located within Miami-Dade County, FL, part of the broader Miami housing market. The typical home value in ZIP 33138 in the Miami housing market is $806,988, with a typical rent of $2,367 per month. That puts the local home-value-to-annual-rent ratio at 28.4.
Key stats
- ZIP 33138 is around the 90th percentile of tracked local ZIPs for home value.
- ZIP 33138 is around the 14th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 28.4.
- 68 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
- $806,988
- Typical rent
- $2,367
- Homes for sale
- 257
- Buyer competition
- 36
- New listings
- 38
- Homes going pending
- 26
- Listings with price cuts
- 16.1%
Price and rent in ZIP 33138
ZIP 33138 is around the 90th percentile of tracked local ZIPs for home value. ZIP 33138 is around the 14th percentile of tracked local ZIPs for rent.
ZIP 33138 home value & rent trend (past 12 months)
Typical home value rose 4.5% over the last 11 months, from $772,341 to $806,988. It rose in 10 of 10 monthly readings. The largest monthly gain was +1.0% in July 2026.
Typical rent rose 0.2% over the last 11 months, from $2,361 to $2,367. It rose in 5 of 10 monthly readings. The largest monthly gain was +0.9% in March 2026.
How ZIP 33138 compares to Hialeah
ZIP 33138's typical home value is 33.0% above the Miami median of $606,807. ZIP 33138's typical rent is 14.3% below the Miami median of $2,761. ZIP 33138's buyer competition is 14.3% below the Miami median of 42.
How fast homes sell in ZIP 33138
Homes in ZIP 33138 typically go pending in about 107 days — about 20% slower than the metro median of 89 days.
Supply, pending activity, and competition
ZIP 33138 is around the 82nd percentile of tracked local ZIPs for for-sale inventory. ZIP 33138 is around the 14th percentile of tracked local ZIPs for buyer competition. 68 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 252 and 262 — a 10-point spread across 29 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 33137, 33127, 33136, 33132.
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 33137 housing marketReview a nearby local market with the same core measures.
- ZIP 33127 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 under our editorial policy. Spotted something wrong? Report a correction.