33125, Miami, FL

Home Equity and Home Prices in the 33125 Zip Code of Miami, FL

The home equity and home prices in the 33125 zip code of Miami, FL are very high. The median home value in this zip code is $527,000, which is significantly higher than the national median home value of $217,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. Approximately 77% of homes in this zip code are worth more than their original purchase price. This is significantly higher than the national average of 54%.

One possible explanation for these high home values and percentages is that there are a lot of wealthy residents in this zip code. The percentage of adults with a college degree or higher is also high in this zip code (35%). This may contribute to the high home values as well since educated people tend to be wealthier. Additionally, there are a lot of luxury homes available for sale in this zip code. There are approximately 5% more luxury homes for sale than there are average homes available for sale across all neighborhoods in Miami-Dade County.

Despite these high home values and percentages, it's important to remember that not everyone can afford to buy a house at these prices. The median income level in this zip code is only $50,000 which is lower than the national median income level ($59,000). Therefore, it's likely that not everyone who wants to buy a house can do so at these prices.

Overall, despite the high home values and percentages found within the 33125 zip code of Miami, FL., it's still an attractive place to live due to its many luxury options and educated population.