ZIP Code 33140 — Miami Beach, Florida

The median home in 33140 is valued at $837,700 against a median household income of $98,935, a price-to-income ratio of 8.5. 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, so buying here on a local median income requires substantial savings or a second income. Within Miami Beach, 33140 ranks 4 of 4 ZIPs on affordability (1 = lowest ratio); the Miami Beach median ratio is 7.9. Renting takes 23.2% of median household income (median rent $1,912 a month), under the 30% cost-burden threshold.

33140 ranks 6 of 29 on this site by median household income and 5 of 29 on median home value; its income is above the $80,070 Miami Beach median. 57% of households own their home, above the 39% metro ZIP median, making this a majority-owner ZIP. 62% of adults hold a bachelor's degree or higher, above the 43% median, and the poverty rate is 8.0%, below the 13.0% metro ZIP median. Unemployment stands at 2.7%.

With 21,983 residents per square mile across 0.9 square miles of land, 33140 is denser than the metro ZIP median of 15,322 (rank 8 of 29). This is high-rise density: expect multi-family housing, transit access and little single-family stock.