Zip Code 33023

Miramar, FLBroward County

Real Estate Market Analysis

Q3 2025 Report
$440,000 (single-family, June 2025 estimate)
Median Home Value
~65,000
Population
$59,000
Median Income
B (state average)
School District Rating

Market Statistics

Property Values

$440,000 (single-family, June 2025 estimate)
Median Home Value
$2,600/month (3BR, June 2025 estimate)
Median Rent
$320 (June 2025 estimate)
Price per Sq Ft

Market Performance

Home Appreciation+4.5% year-over-year (2024-2025)
Market VelocityBalanced; 5.6-month supply (single-family), 10.3-month supply (condos/townhomes)
Foreclosure RateLow, but slightly rising with affordability pressures

Area Information

Area Size~8.5 sq mi
CountyBroward
Primary CityMiramar

Housing Profile

Housing Statistics

Total Housing Units~16,000
Owner Occupied~62%
Rental Properties~38%
Vacant Units~6%
New ConstructionModerate; steady single-family and multifamily permits issued in Broward County[2]

Housing Types

Single-family homesTownhomesSmall multifamily (2-4 units)Apartments

Demographics

~65,000
Population
37
Median Age
$59,000
Median Income
~95% (5% unemployment, May 2025)
Employment Rate
High school grad or higher: 85%; Bachelor’s or higher: 23%
Education Levels
Predominantly families with children; multi-generational households common
Family Composition

Education Quality

School District Performance

B (state average)
District Rating
School DistrictBroward County Public Schools
Test ScoresSlightly below state average in math, at average in reading
Graduation Rates~89%

Schools in Area

  • Miramar High School
  • Perry Middle School
  • Sunshine Elementary School
  • Fairway Elementary School

Economic Factors

Employment & Business

Job Growth+1.8% (2024-2025)
Unemployment Rate~5%
Business EnvironmentDiverse, with strong healthcare, logistics, and retail sectors
Commercial ActivityActive along major corridors (Miramar Pkwy, State Rd 7)

Major Employers

  • Memorial Healthcare System
  • Broward County Schools
  • City of Miramar
  • Retail and logistics centers

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • Florida Turnpike
  • I-95
  • Tri-Rail (nearby)
  • Broward County Transit bus service

Utilities & Services

  • FPL (electric)
  • City water/sewer
  • Waste Management

Quality of Life

Safety & Environment

Moderate; property crime slightly above state average, violent crime near state average

Good; suburban with green spaces, some traffic-related air quality concerns

Healthcare Access

  • Memorial Hospital Miramar
  • Urgent care clinics

Development Trends

Planned Developments

  • New townhome communities
  • Mixed-use infill projects

Infrastructure Projects

  • Road widening (Miramar Pkwy)
  • Transit improvements

Investment Outlook

Growth Outlook

Steady, with moderate population and housing growth expected through 2027

Investment Opportunities

  • Value-add multifamily
  • Single-family rentals
  • Small-scale redevelopment

Marketing Intelligence

Target Demographics

  • Young families
  • First-time buyers
  • Multi-generational households
  • Investors seeking rental income

Competitive Advantages

  • Affordability relative to Miami-Dade
  • Central location in South Florida
  • Diverse housing stock

Pricing Strategies

Competitive pricing with incentives for closing costs or rate buydowns

Common Objections & Response Strategies

Objection: Affordability concerns due to rising prices and mortgage rates

Response Strategy:

Highlight stabilized prices, increased inventory, and available down payment assistance programs

Objection: School quality not top-tier

Response Strategy:

Emphasize graduation rates, local school improvement initiatives, and proximity to charter/private options

Objection: Traffic congestion

Response Strategy:

Showcase access to major highways and public transit options

Objection: Crime rates

Response Strategy:

Provide neighborhood-level data and highlight community policing and safety programs

Professional Recommendations

1

Leverage local market data to set realistic seller expectations

2

Target marketing to young families and investors

3

Highlight rental income potential and stable appreciation

4

Stay informed on new construction and zoning changes

5

Educate buyers on available assistance programs and local amenities

Competitive Analysis

Comparable Markets

  • 33024 (Pembroke Pines/Hollywood)
  • 33025 (Miramar north)
  • 33169 (Miami Gardens)

Market Positioning

Affordable, family-oriented, centrally located

Competitive Advantages

  • Lower median price than Miami-Dade
  • Higher rental yields than coastal Broward

Price Comparison

Median home price ~$440,000 vs. $510,000 in 33024 (June 2025)[4]

Investment Metrics

5.5%–6.2% (multifamily, 2025)
Cap Rates
~6% gross annual yield (single-family rental)
Rental Yields
~14.1
Price-to-Rent
Positive for well-managed rentals; strong tenant demand
Cash Flow
+3%–4% annually through 2027
Appreciation

Buyer Journey Insights

First-Time Buyers

Seek affordability, down payment assistance, and move-in ready homes; respond well to education on financing options.

Move-Up Buyers

Prioritize larger homes, good schools, and neighborhood amenities; often leverage equity from prior sales.

Downsizers

Look for low-maintenance townhomes or condos; value proximity to healthcare and recreation.

Investors

Focus on rental yield, tenant demand, and value-add opportunities; respond to data on rental trends.

Relocators

Attracted by central location, job access, and diverse housing; need guidance on local services and schools.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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