Miami - 33131

As of October of 2024, Homes in 33131 ZIP Code have depreciated by -1.30%, with the median home value standing at $615,527, according to Zillow.

There are currently 2,385 active short-term rentals in 33131 ZIP Code. The average daily rate for these rentals is $223. This translates to an annual revenue of $48,827 for short-term rentals as of October of 2024.

33131 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 33131 ZIP Code is 7.95%. However, potential investors should also consider the average property tax, which stands at 0.89% according to SmartAsset.

The median household income in 33131 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 33131 is 75%, which is higher than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 33131 ZIP Code is 3.1%, which is lower than the national average of 4.1%.

The most impactful amenities for short-term rentals in 33131 include a Boat slip, Baby monitor, and Ping pong table.

33131 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like New York, NY (6.75% of all guests), Miami, FL (3.76% of all guests), and Chicago, IL (2.14% of all guests).

The top short-term rental hosts in 33131 ZIP Code include RoomPicks, Natalia and Private Residences. These hosts have an average rating of 4.53, 4.95 and 4.75 respectively.

The most popular property types in 33131 ZIP Code are 2-bedroom units, with an average daily rate of $223 and an annual revenue of $81,030.

The average booking lead time for short-term rentals in 33131 ZIP Code is 52 days.