ZIP 33173 - 860Z200US33173 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33173, located in the Miami-Dade County area of Florida, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 32,000 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 data, we’ll break down population trends, income levels, housing costs, and ethnic composition to help you make informed decisions.

Population & Households

ZIP 33173 is home to 32,042 residents, making it a moderately sized community within the broader Miami metropolitan region. These individuals are distributed across 11,627 households, reflecting a mix of family structures and living arrangements. With 12,237 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. The average household size here suggests a blend of families and smaller units, catering to a range of lifestyle needs.

Income & Housing Costs

The median household income in ZIP 33173 stands at $83,053, positioning it as a relatively affluent area compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $460,500, reflecting a strong real estate market that may appeal to those seeking long-term value appreciation. For renters, the median rent is $1,935 per month, indicating a competitive rental market that aligns with the area’s higher income and property values. These figures suggest that while entry costs are significant, the financial stability of residents could translate to sustained demand for housing and services.

Race & Ethnicity

The cultural fabric of ZIP 33173 is notably diverse, with a strong Hispanic presence shaping the community’s identity. Approximately 74.56% of residents identify as Hispanic, making this the dominant demographic group. White residents account for 17.05% of the population, while Asian and Black residents represent smaller shares at 2.52% and 1.99%, respectively. This ethnic composition points to a vibrant, multicultural environment that could influence local businesses, community events, and real estate preferences. Understanding these dynamics is key for anyone looking to connect with or serve this community effectively.

Key Facts

• Total population: 32,042 residents in 2023, offering a sizable market for businesses and services.
• Total households: 11,627, indicating a mix of family and individual living arrangements.
• Total housing units: 12,237, suggesting some availability for new occupants or investment properties.
• Median household income: $83,053, reflecting a financially stable community.
• Median home value: $460,500, pointing to a strong real estate market with potential for growth.
• Median rent: $1,935, indicative of a competitive rental landscape.
• Hispanic majority: 74.56% of residents, highlighting a culturally rich and diverse area.

What This Means for You

For homebuyers, ZIP 33173 offers a stable yet competitive housing market with median home values at $460,500. The area’s higher median income suggests neighbors with financial security, which can contribute to a strong sense of community and property value retention. However, be prepared for a significant investment, as both buying and renting come with above-average costs. Real estate investors and agents will find potential in the slight surplus of housing units (12,237 total vs. 11,627 occupied), which could signal opportunities for rentals or flips, especially given the area’s income levels and demand. Small-business owners should note the diverse, Hispanic-majority population, tailoring offerings to cultural preferences and leveraging the area’s economic strength for customer spending power. Analysts can use these metrics to benchmark ZIP 33173 against nearby areas, identifying trends in housing affordability and demographic shifts.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 33173? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.