Zip Code 33162

North Miami Beach, FLMiami-Dade County

Real Estate Market Analysis

Q3 2025 Report
$420,000 (Q2 2025, estimated for 33162; Miami-Dade median: $409,800)[4]
Median Home Value
~40,000 (2024 est.)
Population
$47,000 (estimated for 33162)
Median Income
B (Niche 2025)
School District Rating

Market Statistics

Property Values

$420,000 (Q2 2025, estimated for 33162; Miami-Dade median: $409,800)[4]
Median Home Value
$2,250/month (Q2 2025, estimated for 33162; Miami Metro average)
Median Rent
$320 (Q2 2025, estimated for 33162)
Price per Sq Ft

Market Performance

Home Appreciation0.8% YoY (Miami-Dade, Feb 2025)[4]
Market VelocityHomes selling slower; 79% sold under asking, 14% at asking, 7% over asking (Miami, June 2025)[5]
Foreclosure RateLow but rising slightly in 2025 (Miami Metro trend)

Area Information

Area SizeApprox. 4.5 sq mi
CountyMiami-Dade
Primary CityNorth Miami Beach

Housing Profile

Housing Statistics

Total Housing Units~13,000 (estimated for 33162)
Owner Occupied52% (estimated)
Rental Properties48% (estimated)
Vacant Units6% (estimated)
New ConstructionSignificant multifamily activity in North Miami Beach and adjacent submarkets[1][3]

Housing Types

Single-family homesMultifamily (condos, apartments)Townhomes

Demographics

~40,000 (2024 est.)
Population
39
Median Age
$47,000 (estimated for 33162)
Median Income
Unemployment: ~3.8% (Miami-Dade, 2025)
Employment Rate
High school grad or higher: 78%; Bachelor’s or higher: 23%
Education Levels
Mix of families, singles, and retirees; diverse, with strong Caribbean and Hispanic communities
Family Composition

Education Quality

School District Performance

B (Niche 2025)
District Rating
School DistrictMiami-Dade County Public Schools
Test ScoresAverage to slightly below state average
Graduation Rates~87% (district-wide)

Schools in Area

  • Greynolds Park Elementary
  • John F. Kennedy Middle
  • North Miami Beach Senior High

Economic Factors

Employment & Business

Job GrowthPositive; Miami Metro continues to add jobs in healthcare, retail, and hospitality[1]
Unemployment Rate~3.8% (Miami-Dade, 2025)
Business EnvironmentActive, with small businesses and retail corridors
Commercial ActivitySteady, with some new retail and mixed-use projects

Major Employers

  • Jackson North Medical Center
  • Publix Super Markets
  • Miami-Dade County Schools

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-95
  • US-1/Biscayne Blvd
  • Public bus lines

Utilities & Services

  • FPL (electric)
  • Miami-Dade Water & Sewer

Quality of Life

Safety & Environment

Moderate; property crime above national average, violent crime near Miami-Dade average

Good; some flood risk in low-lying areas

Healthcare Access

  • Jackson North Medical Center
  • Nearby urgent care clinics

Development Trends

Planned Developments

  • New multifamily projects in North Miami Beach[1][3]
  • Mixed-use redevelopment along NE 163rd St

Infrastructure Projects

  • Road improvements on NE 163rd St
  • Stormwater upgrades

Investment Outlook

Growth Outlook

Steady population and housing growth, especially in rental and multifamily segments[1][2][3]

Investment Opportunities

  • Value-add multifamily
  • Affordable housing conversions
  • Retail repositioning

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Investors (multifamily, rental)
  • Retirees
  • Immigrant families

Competitive Advantages

  • Lower price point than Miami Beach or Brickell
  • Proximity to major highways and beaches
  • Strong rental demand

Pricing Strategies

Competitive pricing with room for negotiation; incentives for buyers (closing cost credits, rate buydowns)

Common Objections & Response Strategies

Objection: Affordability concerns due to rising rates and insurance costs

Response Strategy:

Highlight lower prices vs. Miami core, new construction with lower maintenance, and available down payment assistance

Objection: Crime rates higher than national average

Response Strategy:

Emphasize community policing, neighborhood watch, and ongoing city investments in safety

Objection: Older housing stock in some areas

Response Strategy:

Showcase renovated properties and new multifamily developments; discuss value-add potential

Professional Recommendations

1

Target investors and first-time buyers with value messaging

2

Promote new construction and renovated properties

3

Educate buyers on insurance, taxes, and flood mitigation

4

Leverage multicultural marketing and bilingual outreach

5

Monitor new developments and zoning changes for off-market opportunities

Competitive Analysis

Comparable Markets

  • Miami Gardens (33056)
  • North Miami (33161)
  • Aventura (33180)

Market Positioning

Affordable alternative to Miami Beach/Aventura with strong rental upside

Competitive Advantages

  • Lower entry price than Aventura or Miami Beach
  • More new construction than North Miami

Price Comparison

33162 median home price ~$420,000 vs. Aventura $600,000+, Miami Beach $700,000+, North Miami $400,000

Investment Metrics

5.5%–6.2% (multifamily, 2025 est.)
Cap Rates
5.0%–5.5% gross yield (single-family, 2025 est.)
Rental Yields
~15.5 (2025 est.)
Price-to-Rent
Good for buy-and-hold rental; moderate for short-term flip
Cash Flow
2–3% annualized (2025–2027, moderate growth)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by relative affordability and down payment programs; may need education on insurance and taxes

Move-Up Buyers

Limited options in luxury segment; may look to adjacent zip codes for larger homes

Downsizers

Appeal in new condos and low-maintenance properties

Investors

Strong rental demand, especially for multifamily and value-add; stable cash flow potential

Relocators

Drawn by multicultural community, proximity to jobs, and access to beaches

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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