ZIP 33166 - 860Z200US33166 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33166, located in the Miami-Dade County area of Florida, this demographic and housing snapshot offers a clear, data-driven look at the community. With a population of over 26,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest 2023 data, we’ll break down population trends, income levels, housing costs, and ethnic composition to help you make informed decisions.

Population & Households

ZIP 33166 is home to 26,925 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 10,131 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 10,838, indicating a slight surplus of available properties compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market, as well as potential rental demand for property owners.

Income & Housing Costs

The median household income in ZIP 33166 is $78,166, which suggests a relatively stable economic base for many residents. This income level supports a housing market where the median home value is $489,200—a significant investment that reflects the area’s appeal, likely driven by its proximity to Miami’s urban core and amenities. For renters, the median monthly rent is $1,766, which is substantial but aligns with the region’s higher cost of living. These figures indicate that while homeownership is attainable for higher earners, renting remains a viable option for many in this community.

Race & Ethnicity

The cultural landscape of ZIP 33166 is notably diverse, with a strong Hispanic influence. Approximately 81.88% of the population identifies as Hispanic, making this the dominant demographic group. White residents account for 13.26% of the population, while Black and Asian communities represent smaller shares at 2.09% and 0.71%, respectively. This ethnic composition shapes the area’s cultural identity, influencing local businesses, cuisine, and community events. For business owners or investors, understanding this diversity can guide marketing strategies or property development plans to align with community needs.

Key Facts

• Total population: 26,925 residents in ZIP 33166 as of 2023.
• Total households: 10,131, indicating a mix of family and individual living arrangements.
• Total housing units: 10,838, suggesting some availability for new occupants or investors.
• Median household income: $78,166, reflecting a solid economic foundation.
• Median home value: $489,200, indicative of a competitive real estate market.
• Median rent: $1,766 per month, a significant cost for renters in the area.
• Hispanic population: 81.88%, highlighting the area’s cultural diversity.

What This Means for You

For homebuyers, ZIP 33166 offers a chance to invest in a culturally rich area with a median home value of nearly half a million dollars. The income level supports a stable market, but be prepared for a competitive landscape and ensure your budget aligns with these costs. Real estate investors and agents will find potential in the slight surplus of housing units (10,838 vs. 10,131 households), which could translate to opportunities for rentals or flips, especially given the high median rent of $1,766. Small-business owners should note the area’s strong Hispanic demographic—tailoring products, services, or marketing to this community could drive success, whether you’re opening a restaurant, retail shop, or service-based business. Analysts can use these metrics to benchmark ZIP 33166 against neighboring areas, identifying trends in housing demand or economic growth.

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