ZIP 33137 - 860Z200US33137 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33137, located in the vibrant heart of Miami, Florida, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing costs, and cultural diversity in this dynamic ZIP code. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP 33137 is home to a population of 27,300 residents, making it a moderately sized community with a bustling urban feel. The area comprises 12,545 households, reflecting a mix of family units, singles, and professionals drawn to Miami’s economic and cultural opportunities. With 15,237 total housing units, there’s a notable presence of both occupied and vacant properties, which could signal potential for investors or developers looking at rental or resale markets.

Income & Housing Costs

The median household income in ZIP 33137 stands at $82,798, indicating a relatively strong earning capacity compared to national averages. This income level supports a housing market where the median home value is $532,900—a figure that reflects the premium placed on real estate in this desirable Miami locale. For renters, the median rent is $2,338 per month, suggesting a competitive rental market that caters to higher-income tenants or those prioritizing location over cost. These metrics highlight an area with significant economic activity, appealing to those who can afford the associated living expenses.

Race & Ethnicity

ZIP 33137 boasts a richly diverse community, with a racial and ethnic composition that mirrors Miami’s cultural mosaic. The largest demographic group is Hispanic, making up 53.81% of the population, followed by White residents at 23.93%, Black residents at 16.11%, and Asian residents at 1.93%. This diversity fosters a vibrant local culture, offering unique opportunities for businesses and residents who value multicultural environments. It also suggests a community where inclusivity and varied perspectives shape daily life.

Key Facts

• Total population: 27,300 residents, offering a lively urban community.
• Total households: 12,545, reflecting a mix of family and individual living arrangements.
• Total housing units: 15,237, with potential opportunities for investors due to vacant properties.
• Median household income: $82,798, indicating solid earning potential in the area.
• Median home value: $532,900, positioning ZIP 33137 as a premium real estate market.
• Median rent: $2,338, appealing to higher-income renters or those seeking prime location.
• Ethnic diversity: Over 53% Hispanic, with significant White and Black populations, enriching community culture.

What This Means for You

For homebuyers, ZIP 33137 offers a chance to invest in a high-value market with a median home price of $532,900. The area’s strong median income suggests stability, but be prepared for competitive pricing and a fast-paced market. Real estate investors and agents will find opportunity in the 15,237 housing units, some of which may be vacant and ripe for rental or flip projects, especially given the steep median rent of $2,338. The diverse population also means a broad tenant base with varied needs.

For small-business owners, the demographic diversity and population of 27,300 provide a robust customer pool. The area’s cultural mix, with over half identifying as Hispanic, could be a boon for businesses offering niche products or services tailored to specific communities. Additionally, the solid median income of $82,798 indicates disposable income for local spending. Analysts can use these metrics to assess market trends, housing demand, and economic health, leveraging the data to predict growth or identify underserved niches in this Miami ZIP code.

Run This Study Yourself

• Curious about diving deeper into ZIP 33137 or another area? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Input any ZIP code to uncover detailed population, income, and real estate insights tailored to your needs.
• Use the data to make smarter decisions, whether you’re buying a home, investing, or planning a business venture.