ZIP 33147 - 860Z200US33147 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 33147 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in the Miami-Dade County area of Florida, this ZIP code offers a diverse community with unique characteristics that can influence your decision. This snapshot, based on 2023 data, breaks down population, income, housing costs, and racial composition to provide a clear picture for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the numbers to help you assess whether 33147 aligns with your goals.

Population & Households

ZIP 33147 is home to a substantial population of 47,203 residents, making it a vibrant and active community. These individuals are distributed across 14,823 households, reflecting a mix of family sizes and living arrangements. With 16,220 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate potential availability for new residents or investors looking to enter the market. This balance between population and housing units suggests a community with room for growth or opportunities for rental properties.

Income & Housing Costs

The median household income in ZIP 33147 stands at $47,728, which provides insight into the economic profile of the area. This figure can help prospective residents gauge affordability and lifestyle compatibility, while businesses might use it to assess consumer spending power. On the housing front, the median home value is $301,300, reflecting a moderately priced market that could appeal to first-time buyers or investors seeking value in a growing region. For renters, the median rent is $1,359 per month, which aligns with the income levels and offers a benchmark for those considering leasing options in 33147.

Race & Ethnicity

The demographic makeup of ZIP 33147 is notably diverse, with a significant representation of multiple ethnic groups. Hispanic residents account for 51.84% of the population, making them the largest group in the area, followed closely by Black residents at 45.84%. White residents comprise just 1.0% of the population, and there are no reported Asian residents in the data for this ZIP code. This diversity shapes the cultural fabric of 33147, offering a rich community environment that could be attractive to those seeking a multicultural setting for their home or business.

Key Facts

• Total population: 47,203 residents, indicating a sizable community.
• Total households: 14,823, showing a mix of family and individual living arrangements.
• Total housing units: 16,220, suggesting potential availability for new occupants.
• Median household income: $47,728, reflecting the area’s economic baseline.
• Median home value: $301,300, a moderate price point for buyers and investors.
• Median rent: $1,359, providing a reference for rental affordability.
• Racial composition: 51.84% Hispanic, 45.84% Black, 1.0% White, highlighting diversity.

What This Means for You

For homebuyers, ZIP 33147 offers a diverse and dynamic community with median home values at $301,300, which could be within reach for many looking to settle in a culturally rich area. The slight surplus of housing units (16,220 total versus 14,823 households) might mean less competition for available properties, potentially giving you an edge in negotiations. Real estate investors and agents can see opportunity in this balance as well, whether through purchasing properties for rental income—given the $1,359 median rent—or flipping homes in a market with growth potential. Small-business owners should note the median household income of $47,728, which suggests a customer base with moderate spending power; tailoring offerings to the diverse population (over 50% Hispanic and nearly 46% Black) could be a strategic advantage. Analysts can use these metrics to track trends in housing availability and demographic shifts, providing valuable insights for broader market studies in the Miami-Dade region.

Run This Study Yourself

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