Welcome to our 33161 real estate data hub, tailored for investors in North Miami, FL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 33161 in North Miami, FL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MIAMI-DADE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in North Miami, FL real estate investing. Uncover the wealth of information available, and position yourself for success in the North Miami property market.
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Location Overview
- Zip Code: 33161
- City: North Miami
- State: FL
- Metro Area: Miami-Fort Lauderdale-Pompano Beach, FL
- County Name: MIAMI-DADE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $438,043
- Average Home Price (Single Family Homes): $504,540
- Average Monthly Rental Price (All Types): $2,062
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: 2.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,760
- Average 3 Bedroom Section 8 Rental Rates: $2,320
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 20.74
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.73
- Number of Units Offered in Section 8 in the County: 15973
- Number of Occupied Units in Section 8 in the County: 14847
- Percentage of Section 8 Units Occupied in the County: 93%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 541.24
- Total % Appreciation since 2000 (Government Data): 341.66
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.15%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 13.49%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 58.91%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 93.68%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 359.92%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 124.35%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 355.49%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.07%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.55%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 49.59%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 70.37%