ZIP 33055 - 860Z200US33055 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33055, located in the Miami-Dade County area of Florida, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 33055 unique and how its characteristics can align with your goals.

Population & Households

ZIP 33055 is home to a population of 37,226 residents as of 2023, making it a moderately sized community with a vibrant local presence. This area supports 11,641 households, reflecting a strong residential base. With 12,112 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities. The average household size here suggests a mix of families and smaller units, catering to diverse living arrangements.

Income & Housing Costs

The median household income in ZIP 33055 stands at $59,728, positioning it as a middle-income area. This income level supports a range of lifestyles and can be a key consideration for businesses targeting local consumers or for homebuyers assessing affordability. On the housing front, the median home value is $341,800, reflecting a robust real estate market that may appeal to investors seeking appreciation potential. For renters, the median rent is $1,624 per month, which aligns with the income levels but may require careful budgeting for some households. These figures provide a balanced view of affordability and investment potential in this ZIP code.

Race & Ethnicity

ZIP 33055 boasts a diverse community, with a racial and ethnic composition that shapes its cultural fabric. The population identifies as 72.36% Hispanic, making this the dominant demographic group and contributing to a rich cultural heritage. Black residents account for 23.29%, while White and Asian populations are smaller at 2.46% and 1.28%, respectively. This diversity can be a significant draw for businesses and residents who value multicultural environments, offering unique opportunities for community engagement and market niches.

Key Facts

• Total population: 37,226 residents, indicating a sizable community.
• Total households: 11,641, supporting a strong residential base.
• Total housing units: 12,112, suggesting some availability for new occupants.
• Median household income: $59,728, reflecting a middle-income area.
• Median home value: $341,800, pointing to a solid real estate market.
• Median rent: $1,624, a key figure for renters and landlords.
• Dominant ethnicity: 72.36% Hispanic, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 33055 offers a diverse and family-friendly community with median home values at $341,800, which could be a worthwhile investment given the area’s cultural richness and population size. The slight surplus of housing units might mean less competition for available homes, but budgeting for the median rent of $1,624 is crucial if buying isn’t immediate. Investors and real estate agents will find potential in the stable home values and diverse demographic, ideal for targeting specific buyer or renter segments, especially within the Hispanic community. The income level of $59,728 suggests a market with purchasing power for mid-range properties. For small-business owners, the large Hispanic population and overall diversity present opportunities to cater to niche cultural needs, from food to services, while the population of over 37,000 ensures a substantial customer base. Analysts can use these metrics to benchmark ZIP 33055 against neighboring areas, focusing on income and housing trends to predict future growth or shifts.

Run This Study Yourself

Want to explore ZIP 33055 or any other area with the same depth? Here’s how you can get started with detailed demographic and housing insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter the ZIP code of interest to pull up the latest data on population, income, and more.
• Use the insights to inform your decisions, whether for buying, investing, or business planning.