33056, Miami Gardens, FL

The 33056 zip code of Miami Gardens, FL has a population of around 107,000 people. The median household income in this zip code is around $41,000 which is lower than the national median household income of $53,046. However, the homeownership rate in this zip code is around 69%, which is higher than the national homeownership rate of 63%.

The average home value in this zip code is around $142,000 which is higher than the national average home value of $127,500. However, the percentage of homes that are worth more than $200,000 is lower than the national percentage of homes that are worth more than $200,000. The percentage of homes that are worth less than $100,000 is also lower than the national percentage of homes that are worth less than $100,000.

There are a number of factors that could explain why there are differences in home values and homeownership rates between this zip code and other areas across the country. One potential explanation could be that there are a greater number of low-priced homes available for purchase in Miami Gardens compared to other areas across the country. Additionally, it may be difficult for people who live in Miami Gardens to qualify for mortgages with high loan-to-value ratios due to its high home equity rates.