ZIP Code 33138 — Miami, Florida

The median home in 33138 is valued at $604,300 against a median household income of $58,990, a price-to-income ratio of 10.2. That is above the 7.8 median across the 29 Miami-area ZIP codes on this site with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, which means a household earning the local median income cannot finance the local median home on conventional terms. Within Miami, 33138 ranks 23 of 25 ZIPs on affordability (1 = lowest ratio); the Miami median ratio is 7.8. Renting takes 28.3% of median household income (median rent $1,390 a month), under the 30% cost-burden threshold.

33138 ranks 18 of 29 on this site by median household income and 9 of 29 on median home value; its income is below the $68,717 Miami median. 49% of households own their home, above the 39% metro ZIP median, so most residents rent. 46% of adults hold a bachelor's degree or higher, above the 43% median, and the poverty rate is 13.1%, in line with the 13.0% metro ZIP median. Unemployment stands at 3.8%.

With 14,305 residents per square mile across 2 square miles of land, 33138 is less dense than the metro ZIP median of 15,322 (rank 17 of 29). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.