HousingHandbookReference data

U.S. ZIP Code · FL33031

Miami-Dade County · Miami-Fort Lauderdale-West Palm Beach, FL

Typical home value

$907,840[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+10.0%
10-year / yr
+9.5%

Relative price

vs U.S.
+219.6%
vs metro
+83.4%
vs state
+161.8%
ZIP 33031 location in FL
Location of ZIP 33031 in FL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 33031 is worth $907,840 — 83.4% above the Miami-Fort Lauderdale-West Palm Beach, FL median. Over the past year, values have risen 0.5%. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$6,779[3]

#Climate risk

FEMA National Risk Index ratings for Miami-Dade County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very High[4]
Riverine flood
Very High
Coastal flood
Very High
Wildfire
Relatively Moderate
Drought
Relatively Moderate
Heat wave
Relatively High
Hurricane
Very High
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
No Rating

#Who lives here

Population
7,323[3]
Median household income
$109,945[3]

#Migration

Household moves in and out of Miami-Dade County over a year, from IRS tax-return data.

Net migration
-21,399[5]
Moved in
43,906
Moved out
65,305

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
1
Middle
1
High
0
  • REDLAND ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · MIAMI-DADE

    936 students

  • REDLAND MIDDLE SCHOOL

    Middle · Grades 6–8 · MIAMI-DADE

    692 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$4,591
Loan principal$726,272
Down payment$181,568
Total interest paid$926,320

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$5,914
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
96th percentile[1]
Rental yield
[2]
Property tax
19th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 33031?
The typical home in 33031 is worth $907,840, based on the Zillow Home Value Index.
Are home values rising in 33031?
Home values in 33031 are up 0.5% over the past year, and up 10.0% a year over five years.
What is the property tax rate in 33031?
The effective property tax rate in 33031 is 0.7% — roughly $6,779 a year on a typical home.
Who lives in 33031?
ZIP code 33031 has a population of 7,323 and a median household income of $109,945.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Coral Gables, FL

    Typical home
    $878,612
    Gross yield
    4.0%
  • Parkland, FL

    Typical home
    $874,605
    Gross yield
    5.8%
  • Fort Lauderdale, FL

    Typical home
    $874,360
    Gross yield
    4.4%
  • FL

    Typical home
    $941,758
    Gross yield
  • Jupiter Farms CDP, FL

    Typical home
    $865,289
    Gross yield
  • Glenvar Heights CDP, FL

    Typical home
    $951,075
    Gross yield
    3.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 33031 against any other ZIP — full side-by-side table.

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