ZIP 33157 - 860Z200US33157 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business venture in ZIP 33157, 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 values, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the opportunities and challenges in this vibrant area.

Population & Households

ZIP 33157 is home to a substantial population of 69,605 residents as of 2023. This sizable community is distributed across 21,641 households, reflecting a diverse and active residential base. The total number of housing units stands at 23,176, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or investors looking for potential vacancies or rental properties in the area.

Income & Housing Costs

The median household income in ZIP 33157 is $80,364, which points to a relatively strong economic base for the area. This income level supports a housing market where the median house value is $478,300, reflecting a competitive yet accessible market for buyers with solid financial footing. For renters, the median rent is $1,493 per month, which aligns with the income levels but may pose challenges for lower-income households. These figures suggest a community with a mix of affordability and investment potential, depending on your financial goals.

Race & Ethnicity

The demographic makeup of ZIP 33157 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The population identifies as 56.14% Hispanic, making it the largest ethnic group in the area. Additionally, 19.13% of residents are Black, 18.62% are White, and 2.38% are Asian. This diversity can be a significant draw for those seeking a culturally rich community or businesses aiming to cater to varied customer bases.

Key Facts

• Total population in ZIP 33157: 69,605 residents in 2023.
• Total households: 21,641, indicating a strong residential presence.
• Total housing units: 23,176, suggesting some availability for new occupants.
• Median household income: $80,364, reflecting economic stability.
• Median house value: $478,300, a competitive figure for the region.
• Median rent: $1,493 per month, relevant for renters and investors.
• Diverse population: 56.14% Hispanic, 19.13% Black, 18.62% White, 2.38% Asian.

What This Means for You

For homebuyers, ZIP 33157 offers a diverse community with a median home value of $478,300, which could be a worthwhile investment given the area’s solid median income of $80,364. The slight surplus of housing units (23,176 total versus 21,641 households) might mean less competition for available properties, but it’s wise to act quickly in a market like this.

For real estate investors and agents, the combination of a sizable population (69,605) and a median rent of $1,493 suggests a strong rental market, especially for properties catering to families or diverse demographics. The cultural mix could also support targeted marketing strategies for specific tenant groups.

For small-business owners, the multicultural population, with over 56% Hispanic residents, presents opportunities to offer products or services tailored to varied cultural needs. The income levels indicate a community with disposable income for local goods and services, making this a promising area for retail or service-based businesses.

For analysts, the data highlights a balanced community with economic stability and diversity, which could inform broader market studies or policy recommendations. The housing surplus and income-to-cost ratios are key metrics to watch for future trends.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 33157? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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• Use the insights to make informed decisions for buying, investing, or launching a business in any area of interest.