Miami, FL 33170 Real Estate Market Report

ZIP Code: 33170
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami FL 33170 market average 6.30%, reflecting the prevailing interest rate environment for property owners in this area as of May 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price: $619,000 anchors current market value and suggests recent transaction levels are focused below prevailing asking prices; the gap versus median listing price: $750,000 may indicate seller optimism and pricing friction that buyers can exploit when underwriting offers.

2. The market shows up price momentum year-over-year while overall market temperature is neutral, implying a balanced environment where modest appreciation coexists with measured negotiation leverage for buyers and sellers.

3. Extended time-to-contract is evident from median days on market: 318, which points to slower sales velocity and suggests sellers should expect longer marketing periods; staging, competitive pricing, and targeted marketing are recommended to improve liquidity.

4. Rental fundamentals remain supportive with median market rent: $2,850 and a up rent trend, while interest rate pressure is moderate and local 30-year fixed rates average 6.30%, so investors should model finance sensitivity and hold period assumptions conservatively given borrowing cost headwinds.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Miami, FL 33170 Real Estate Market Report

ZIP Code: 33170
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami FL 33170 market average 6.30%, reflecting the prevailing interest rate environment for property owners in this area as of May 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood’s primary market indicator is the median sold price of $568,000, which anchors recent transaction values and suggests modest appreciation consistent with the up price year-over-year trend.

2. Liquidity appears soft: the median days on market is 400, which points to slower sales velocity and pricing friction despite a market temperature that reads balanced.

3. Value density remains relevant for comparables: the median price per square foot is $278, while rent support shows a median market rent of $1,600, indicating sustained rental demand alongside sales activity.

4. Financing and cost-of-capital signals are a caution: interest rate pressure is reported as moderate and local 30-year fixed mortgage rates average 6.30%, which may temper buyer affordability and sustain the observed slower transaction pace.

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Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.