33161, Miami, FL

The 33161 zip code of Miami, FL is one of the most popular and expensive zip codes in the United States. Home prices in this zip code have increased significantly over the past several years, making it a desirable place to live.

According to Zillow, the median home value in this zip code was $527,200 as of February 2019. This is more than double the median home value of $191,100 for all of Miami-Dade County. In addition, this median home value is well above the national median home value of $217,500.

One reason why home prices in this zip code are so high is that there are a lot of affluent residents living here. The percentage of households earning over $100,000 per year is high compared to other parts of Miami-Dade County and Florida as a whole. Additionally, many luxury homes are located in this area.

Despite these factors, not everyone who lives in this zip code can afford to purchase a home. The average price for a single-family house in this area is around $1 million dollars, which is considerably higher than the statewide average price of $225 thousand dollars. In addition, there are only a limited number of homes available for sale at these prices. As a result, buyers who want to purchase a home in this area will likely need to be very wealthy or have connections that can help them get access to these properties quickly.