ZIP Code 33131 — Miami, Florida

The median home in 33131 is valued at $599,100 against a median household income of $121,730, a price-to-income ratio of 4.9. That is below the 7.8 median across the 29 Miami-area ZIP codes on this site with published housing data, and past the 3.0 ratio that marks an attainable market nationally, though it is among the more attainable ratios on this site. Within Miami, 33131 ranks 1 of 25 ZIPs on affordability (1 = lowest ratio); the Miami median ratio is 7.8. Renting takes 26.1% of median household income (median rent $2,649 a month), under the 30% cost-burden threshold.

33131 ranks 4 of 29 on this site by median household income and 10 of 29 on median home value; its income is far above the $68,717 Miami median. 33% of households own their home, below the 39% metro ZIP median, so most residents rent. 78% of adults hold a bachelor's degree or higher, far above the 43% median, and the poverty rate is 6.0%, far below the 13.0% metro ZIP median and among the lowest on this site. Unemployment stands at 3.5%.

With 22,540 residents per square mile across 1 square miles of land, 33131 is denser than the metro ZIP median of 15,322 (rank 6 of 29). This is high-rise density: expect multi-family housing, transit access and little single-family stock.