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Living in Miami remains expensive, especially so in some areas. But it has become more affordable in others.
By B. Scott McLendon
April 21, 2025
Though some South Florida ZIP codes saw home values decrease, many home values increased between 5 and 8 percent. Photo by Daniel O'Neil/Flickr
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While home prices are decreasing in large swaths of the state, Miami residents, like those in other Florida metro areas, are seeing price tags swell, according to a nationwide analysis by the Washington Post.
Though ZIP codes in South Florida saw home values decrease, like those south of Homestead and north of Fort Lauderdale, many home values in Miami proper increased between 5 and 8 percent, according to data from the mortgage technology division of Intercontinental Exchange. From February 2024 to February 2025, prices for single-family homes grew by more than 2.7 percent nationally.
Here are the Miami ZIP codes where home prices have seen the biggest drops and jumps over the last year.
Miami ZIP Codes With the Biggest Drops in Home Prices
1. 33066 (West Pompano Beach)
Average home value: $262,000
Change: 6.5 percent decrease
This Pompano Beach ZIP Code, which encompasses the Coconut Creek area, saw the largest decrease in home prices over the last year in the 305. According to Zillow, nearly 350 homes are currently for sale in the area, including some that have seen significant price cuts.
2. 33019 (East Hollywood)
Average home value: $610,000
Change: 5.5 percent decrease
This Hollywood ZIP Code, which sits between the beach and U.S. Route 1, has nearly 900 homes listed for sale, including many high-rise, beachfront condos.
3. 33069 (West Pompano Beach)
Average home value: $271,000
Change: 4.9% decrease
According to Zillow, there are about 450 homes for sale in this Pompano Beach ZIP Code, bookended by Coconut Creek to the west and Interstate 95 to the east.
4. 33321 (Tamarac)
Average home value: $319,000
Change: 4.8% decrease
This Fort Lauderdale suburb sits between the Miami metroplex and the iconic Florida Everglades. According to Zillow, about 780 homes are for sale in the area.
5. 33009 (Hallandale Beach)
Average home value: $385,000
Change: 3.9% decrease
The city is filled with opulent multimillion dollar houses and condos, as well as more modest houses and apartments. According to Zillow, nearly 1,300 homes are for sale in this area.
Miami ZIP Codes With the Biggest Drops in Home Value
1. 33165 (West Miami)
Average home value: $693,000
Change: 7.7% increase
The Miami Zip Code with the highest increase in home prices is the second most expensive area to live in on this list. The area includes Olympia Heights, Westwood Lakes, and parts of Florida International University. According to Zillow, fewer than 100 homes are for sale in this area.
2. 33013 (North Hialeah)
Average home value: $582,000
Change: 7.3% increase
This area sits just south of the Miami-Opa Locka Executive Airport. Unlike its beachside neighbors with dozens of highrises scraping the sky, this area is full of single and multi-family houses. According to Zillow, there were fewer than 70 homes for sale in the area.
3. 33147 (North Miami)
Average home value: $481,000
Change: 7.1% increase
Communities like West Little River, Gladeview and Westgate all sit within this Zip Code in north Miami. According to Zillow, there are about 150 homes for sale.
4. 33142 (Miami)
Average home value: $500,000
Change: 6.6% increase
Diverse neighborhoods like Allapattah and Brownsville are nestled in this Zip Code, which abuts the University of Miami Health system near the heart of the city. According to Zillow, there are about 170 homes for sale.
5. 33157 (South Miami)
Average home value: $704,000
Change: 5.8% increase
This Zip Code has the most expensive homes on this list, with neighborhoods like South Miami Heights, West Perrine, Palmetto Estates, and Palmetto Bay all within its confines. According to Zillow, more than 280 homes are for sale, ranging from $1 million to $3.8 million.
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