ZIP Code 33131 — Miami, FL Home Prices (2026)
The typical home in ZIP 33131 (Miami, Florida) is worth about $587,000 at roughly $747 per square foot — 3% more affordable than the Miami median and 100% more expensive than the typical U.S. home.
How 33131 compares
ZIP 33131 is a mid-priced ZIP code for Miami: its typical home value of $587,000 ranks #16 of the 30 Miami ZIP codes we track (the citywide range runs from $304,000 in 33126 to $1,506,000 in 33122). Per square foot it costs about $747, against $460 for Miami as a whole, $229 for Florida, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 33131 | $587,000 | $747 |
| Miami, FL | $606,500 | $460 |
| Florida | $349,000 | $229 |
| United States | $294,000 | $195 |
Home value by size in 33131
Using this ZIP’s rate of about $747 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $747,000 |
| 1,500 sq ft | $1,120,500 |
| 2,000 sq ft | $1,494,000 |
| 2,500 sq ft | $1,867,500 |
| 3,000 sq ft | $2,241,000 |
Salary needed to buy a home in ZIP 33131
To buy the typical $587,000 home in ZIP 33131 with 20% down, you need a household income of roughly $160,000 a year (about $3,730 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $190,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $29,400 | $4,630/mo | $198,000/yr |
| 10% (+PMI) | $58,700 | $4,430/mo | $190,000/yr |
| 20% | $117,400 | $3,730/mo | $160,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 33131
At about $747 per square foot, here is roughly how much home different budgets get you in ZIP 33131:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $300k | 400 sq ft | below the local median — condos, smaller or older homes |
| $400k | 540 sq ft | below the local median — condos, smaller or older homes |
| $500k | 670 sq ft | around the typical home here |
| $600k | 800 sq ft | around the typical home here |
| $750k | 1000 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 33131 home.
Estimate a specific home in 33131
The estimator below is pre-set to ZIP 33131 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Miami ZIP codes by home value
Where 33131 sits among Miami’s 30 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 33122 | $1,506,000 | $504 |
| 2 | 33133 | $1,352,000 | $1145 |
| 3 | 33143 | $958,000 | $570 |
| 4 | 33138 | $807,000 | $538 |
| 5 | 33145 | $736,000 | $503 |
| 6 | 33187 | $721,000 | $416 |
| 7 | 33155 | $717,000 | $510 |
| 8 | 33129 | $690,000 | $918 |
| 9 | 33165 | $685,000 | $472 |
| 10 | 33137 | $682,000 | $761 |
| 11 | 33185 | $677,000 | $371 |
| 12 | 33182 | $670,000 | $413 |
| 13 | 33176 | $631,000 | $404 |
| 14 | 33175 | $628,000 | $419 |
| 15 | 33144 | $626,000 | $385 |
| 16 | 33131 (this page) | $587,000 | $747 |
| 17 | 33177 | $575,000 | $399 |
| 18 | 33170 | $573,000 | $355 |
| 19 | 33184 | $570,000 | $347 |
| 20 | 33173 | $568,000 | $313 |
| 21 | 33135 | $532,000 | $510 |
| 22 | 33127 | $528,000 | $757 |
| 23 | 33130 | $515,000 | $660 |
| 24 | 33132 | $515,000 | $821 |
| 25 | 33125 | $467,000 | $397 |
| 26 | 33193 | $445,000 | $315 |
| 27 | 33128 | $433,000 | $844 |
| 28 | 33183 | $400,000 | $314 |
| 29 | 33136 | $318,000 | $448 |
| 30 | 33126 | $304,000 | $345 |
ZIP 33131 home prices: frequently asked
What is the average home price in ZIP code 33131? +
What is the price per square foot in 33131? +
What salary do you need to buy a house in ZIP 33131? +
Is 33131 an expensive ZIP code? +
See the full Miami home values page, all Florida cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.