ZIP Code 33142 — Miami, Florida

The median home in 33142 is valued at $277,600 against a median household income of $35,589, a price-to-income ratio of 7.8. That is in line with 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, 33142 ranks 13 of 25 ZIPs on affordability (1 = lowest ratio); the Miami median ratio is 7.8. Renting takes 40.1% of median household income (median rent $1,189 a month), above the 30% cost-burden threshold.

33142 ranks 25 of 29 on this site by median household income and 28 of 29 on median home value; its income is below the $68,717 Miami median. 28% of households own their home, below the 39% metro ZIP median, so most residents rent. 12% of adults hold a bachelor's degree or higher, far below the 43% median, and the poverty rate is 27.8%, far above the 13.0% metro ZIP median and among the highest on this site. Unemployment stands at 7.5%.

With 26,873 residents per square mile across 2.2 square miles of land, 33142 is far denser than the metro ZIP median of 15,322 (rank 3 of 29). This is high-rise density: expect multi-family housing, transit access and little single-family stock.