ZIP 33142 - 860Z200US33142 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33142, located in the heart of Miami-Dade County, Florida, understanding the local demographics and housing landscape is essential. This snapshot provides a clear, data-driven look at the area’s population, income levels, housing costs, and cultural composition based on the latest 2023 figures. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights will help you make informed decisions about this dynamic community.

Population & Households

ZIP 33142 is home to a substantial population of 56,437 residents, making it a bustling area with a diverse mix of individuals and families. The area supports 20,369 households, reflecting a community with a strong residential base. With 22,275 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. This population density suggests a vibrant, active neighborhood with opportunities for engagement and growth.

Income & Housing Costs

The median household income in ZIP 33142 stands at $37,900, which is relatively modest compared to national averages. This figure is crucial for understanding the economic profile of the area and the purchasing power of its residents. On the housing front, the median home value is $298,000, offering a range of opportunities for buyers and investors seeking properties in this price bracket. For renters, the median rent is $1,289 per month, which reflects a significant portion of income for many households but aligns with the urban setting of Miami-Dade County. These metrics highlight both affordability challenges and potential investment returns in this market.

Race & Ethnicity

The cultural fabric of ZIP 33142 is notably diverse, with a strong Hispanic presence at 68.03% of the population, making it the dominant demographic group. Black or African American residents account for 28.14%, while White residents make up just 2.73%. The Asian population is minimal at 0.1%. This rich diversity shapes the community’s identity, influencing local businesses, cultural events, and social dynamics. For anyone looking to connect with this area, understanding and respecting this multicultural environment is key to building relationships and identifying market needs.

Key Facts

• Total population: 56,437 residents, indicating a sizable and active community.
• Total households: 20,369, supporting a strong residential foundation.
• Total housing units: 22,275, suggesting some availability for new occupants.
• Median household income: $37,900, reflecting the economic context of the area.
• Median home value: $298,000, a competitive price point in an urban market.
• Median rent: $1,289, important for renters and landlords to consider.
• Dominant ethnicity: Hispanic at 68.03%, shaping the cultural landscape.

What This Means for You

For homebuyers, ZIP 33142 offers a chance to enter a market with a median home value of $298,000, which may be appealing if you’re looking for urban living at a reasonable price point. However, with a median household income of $37,900, budgeting for additional costs like property taxes and maintenance is critical. Investors and agents can note the slight surplus of housing units (22,275 vs. 20,369 households), which could signal opportunities for rental properties or flips, especially given the median rent of $1,289. The diverse population also suggests a broad tenant base. Small-business owners should leverage the area’s cultural diversity—particularly the strong Hispanic influence (68.03%)—to tailor products, services, and marketing to resonate with local tastes and needs. Finally, analysts can use these metrics to benchmark ZIP 33142 against neighboring areas, identifying trends in income, housing, and demographic shifts for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 33142? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture in any area.