The story of this market
The typical home in ZIP 33138 sells for about $1,000,000, or $545 per square foot.
Prices are up +10% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $1,611 a month.
ZIP 33138 — Miami
The 33138 housing market shows resilience with a median sale price of $821,000, reflecting a 10% year-over-year increase. While inventory remains tight at 52 active listings, the market is currently favoring buyers as negotiation power has shifted slightly. High demand for the area's unique historic character and urban accessibility continues to drive price appreciation despite broader economic headwinds.
This ZIP is ideal for young professionals, families seeking historic charm, and investors looking for urban infill opportunities, as it offers a blend of suburban-style neighborhoods and urban accessibility.
Median prices moved up 10.0% year over year.
Homes spend a median of 30 days on market with 1.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 93% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 11.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 33138, Miami-Dade County FL
Crime rates in the Upper East Side/Miami Shores area are generally considered moderate, with localized variations; residents are advised to monitor local police reports for specific neighborhood trends.
The area is served by Miami-Dade County Public Schools, with a mix of public and private options; school quality varies significantly by specific neighborhood and magnet program access.
The ZIP code is located in a coastal region of South Florida, making it susceptible to hurricane-force winds and storm surge, necessitating comprehensive flood and wind insurance coverage.
Economic momentum is driven by the revitalization of the Upper East Side and proximity to the Miami urban core, with ongoing interest in residential infill and commercial redevelopment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Commuters benefit from proximity to Biscayne Boulevard and I-95, providing direct access to Downtown Miami and the Brickell financial district, though traffic congestion is common during peak hours.
The area features access to Biscayne Bay waterfront parks, local community centers, and the historic Miami Shores district, with diverse dining and shopping options along the Biscayne corridor.
The rental market is competitive with high demand for single-family homes and boutique apartments, driven by the area's popularity with young professionals and proximity to the city center.
The local economy is supported by a mix of retail, hospitality, and professional services, with strong ties to the broader Miami-Dade employment market.
The area is served by major north-south corridors including Biscayne Boulevard and US-1, with public transit options provided by Miami-Dade Transit bus routes.
Development is focused on urban infill and the modernization of existing commercial corridors to support increased density.
The Miami-Dade County Property Appraiser manages assessments, utilizing a mass appraisal system to determine market value for tax purposes.
Parcels are subject to Miami-Dade County school and municipal taxes, with specific utility districts managing water and sewer services.
Property insurance premiums remain elevated due to regional hurricane risk, with many properties requiring specialized windstorm coverage.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Jungle Island4.14.8 mi
- Paradox Museum Miami4.84 mi
- C.B. Smith Park4.613.8 mi
- Dave & Buster's Hollywood4.112.8 mi
- Tidal Cove4.27.8 mi
- Hard Rock Stadium4.67.9 mi
- Bayside Marketplace4.55.4 mi
- Kaseya Center4.75.2 mi
- Wynwood Walls4.73.9 mi
- LoanDepot Park4.55.9 mi
- Bayside Marketplace4.55.4 mi
- Wynwood Walls4.73.9 mi
- Vizcaya Museum & Gardens4.77.9 mi
- Bayfront Park4.75.6 mi
- Phillip & Patricia Frost Museum of Science4.44.9 mi
- Wynwood Walls4.73.9 mi
- Vizcaya Museum & Gardens4.77.9 mi
- Phillip & Patricia Frost Museum of Science4.44.9 mi
- MUSEUM OF ICE CREAM4.65.1 mi
- Pérez Art Museum Miami4.54.8 mi
- Wynwood Walls4.73.9 mi
- Bayfront Park4.75.6 mi
- Tropical Park4.712.6 mi
- South Pointe Park Pier4.87.2 mi
- Haulover Nude Beach4.85.8 mi
- Bayside Marketplace4.55.4 mi
- Miami Beach Marina4.76.4 mi
- Venetian Marina & Yacht Club4.64.5 mi
- Island Gardens Marina4.65 mi
- Mykonos Kitchen and Bar4.56.1 mi
- Topgolf Miami Gardens4.35.6 mi
- Normandy Shores Golf Course4.52.3 mi
- Riviera Country Club4.710.6 mi
- Miami Shores Country Club4.40.9 mi
- Puttery4.83.8 mi
- Aventura Mall4.67.4 mi
- Brickell City Centre4.76.2 mi
- Bayside Marketplace4.55.4 mi
- Miami International Mall4.512.3 mi
- Bal Harbour Shops4.74.1 mi
- Miami International Airport3.97.6 mi
- Miami-Opa Locka Executive Airport4.66.5 mi
- Fort Lauderdale Executive Airport4.523.8 mi
- Miami Executive Airport4.521 mi
- Banyan Air Service4.723.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides recreational boating and scenic views for the eastern portion of the ZIP.
A historic golf course and community anchor located within the ZIP boundaries.
The primary commercial artery featuring a wide array of restaurants, cafes, and retail shops.
Key-figure check: median price diverges 17.9% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $821,000 (17.9% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $821,000 (-17.9% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.