Low housing inventory levels are pushing prices up in the state of Florida. The priciest area in Miami-Dade County—and all of Florida—is Miami Beach, ZIP code 33109. Part of this ZIP code is Fisher Island, an exclusive community approximately three miles from the Miami shores. This island is less than one square mile and is composed of a community of approximately 700 residences along a private shoreline and a golf course. The community is accessible only by boat or private ferry. Here the median home price is $3.4 million, and homes spend an average of 364 days on the market. In the $5 million to $6 million range, buyers will find spacious three bedroom/bath waterfront condos that offer floor-to-ceiling windows, spectacular views, and numerous building amenities, including fitness centers, pools, saunas, and gardens. 

Here are the 10 most expensive ZIP codes in Miami according to the annual list of America’s Most Expensive ZIP Codes compiled by Altos Research. Because of the separation between Miami Beach and Fisher Island, the ZIP code is listed twice to account for the two areas. Altos uses the median home price data for more than 29,500 ZIP codes that include 95% of the nation's population. The ZIP codes are listed according to the highest to lowest median home price along with the average number of days on the market.

Key Takeaways

  • The priciest area in Miami-Dade County and all of Florida is Miami Beach, ZIP code 33109. The median price of a home here is around $4.3 million.
  • Fisher Island, an exclusive community, is located within this ZIP code approximately three miles from the Miami shores.
  • Coral Gables, ZIP code 33156, is the next priciest ZIP code in Miami. The median price of a home here is around $3.6 million.


1. 33109 - Miami Beach (Fisher Island)

Median Price: $4,267,962

Days on Market: 364

Inventory: 29

2.  33156 - Coral Gables

Median Price: $3,630,721

Days on Market: 267

Inventory: 52

3. 33109 - Miami Beach

Median Price: $3,453,731

Days on Market: 300

Inventory: 52

4. 33156 - Coral Gables

Median Price: $3,092,308

Days on Market: 240

Inventory: 58

5. 33316 - Fort Lauderdale

Median Price: $2,546,923

Days on Market: 268

Inventory: 78

6. 33139 - Miami

Median Price: $2,393,512

Days on Market: 149

Inventory: 19

7. 33156 - Pinecrest

Median Price: $1,860,130

Days on Market: 195

Inventory: 217

8. 33160 - North Miami Beach

Median Price: $1,750,000

Days on Market: 230

Inventory: 45

9.  33149 - Key Biscayne

Median Price: $1,703,020

Days on Market: 272

Inventory: 389

10. 33133 - Coral Gables

Median Price: $1,586,832

Days on Market: 224

Inventory: 30

The Bottom Line

Miami Beach, ZIP code 33109, is the most expensive ZIP code in Miami and the fourth most expensive ZIP code in the United States, according to Property Shark. Recently, low inventories of properties have been pushing prices to high levels.

Fisher Island is an island accessible only by boat.

However, at the top luxury end of the market, inventories have been growing, and prices dropped in 2018 and 2019.

With a median home price of $3.4 million – and lots of homes listed above $10 million – you might expect a few wealthy residents in Fisher Island, Miami’s most expensive ZIP code. Indeed, this exclusive island is home to some of the country’s billionaires, including Oprah Winfrey (net worth $2.5 billion), Syntel founders Bharat Desai and his wife, Neerja Sethi (joint net worth $2.5 billion), and businessman Alexander Machkevich (net worth $2.4 billion).