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City · 12,399 residents · Miami-Dade County, Florida

Olympia Heights , Florida

In Olympia Heights, a typical home is worth $557,500 and typical rent is $2,124 a month. Compared with all of Miami-Dade County, typical household income is 52% higher, the typical home value is 20% higher, and the share of households that own their home is 33 points higher.

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  • Typical home value

    $557,500

    20% above the county

    55% above Florida

    • Olympia Heights
    • Miami-Dade
    • Florida

  • Typical rent

    $2,124a month

    16% above the county

    27% above Florida

    • Olympia Heights
    • Miami-Dade
    • Florida

  • Typical household income

    $108,958a year

    52% above the county

    46% above Florida

    • Olympia Heights
    • Miami-Dade
    • Florida

  • Households that own their home

    85%

    33 points above the county

    17 points above Florida

    • Olympia Heights
    • Miami-Dade
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Olympia Heights is in Miami-Dade County. The FHA loan limit ($667,000 for a one-unit home), the fair market rents and the help on this page are those of all of Miami-Dade County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Olympia Heights apart

What this place has that others do not, from public data, most unusual first.

  1. 85% of households in Olympia Heights own their home, against 52% in Miami-Dade County.

  2. The typical household income in Olympia Heights is $108,958, 52% more than in Miami-Dade County as a whole ($71,753).

  3. Nearby, in Coral Terrace, the typical rent is $1,759: 17% less than in Olympia Heights ($2,124).

  4. The typical home in Olympia Heights is worth $557,500, 20% more than in Miami-Dade County as a whole ($463,000).

  5. The typical rent in Olympia Heights is $2,124 a month, 16% more than in Miami-Dade County as a whole ($1,829).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Olympia Heights

What homes there are in Olympia Heights, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Olympia Heights: 91% of homes, more than in Miami-Dade County (39%).

Year built

The typical home in Olympia Heights was built in 1957, 23 years before the typical one in Miami-Dade County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,857 a month

Miami-Dade County: $2,451 a month

Without a mortgage

$888 a month

Miami-Dade County: $815 a month

Owners with a mortgage

52%

Miami-Dade County: 59%

In Olympia Heights, 52% of owners have a mortgage, and their typical cost is $2,857 a month, against $2,451 in Miami-Dade County. Without one it drops to $888.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Olympia Heights rose at about the same pace as in Miami-Dade County: 60% against 60%.

Rent in Olympia Heights moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureOlympia HeightsMiami-Dade CountyFloridaUnited States
Rental vacancy Unreliable estimate5.5%7.6%5.5%
Homeowner vacancy Unreliable estimate1.2%1.4%0.9%
More than one person per room 4.8%7.2%3.3%3.4%
People per household 3.032.762.512.53
Drive alone 66%69%70%69%
Carpool 5%9%9%9%
Public transit Unreliable estimate3%1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 26%14%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

In Olympia Heights, 4.8% of households live with more than one person per room, against 7.2% in Miami-Dade County.

On average, a household in Olympia Heights has 3.03 people, more than in Miami-Dade County (2.76).

Working from home is more common in Olympia Heights: 26%, against 14% in Miami-Dade County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Olympia Heights?

A typical home costs more than the typical income allows

We start with a typical home in Olympia Heights, worth $557,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 50% of the typical household income in Olympia Heights, which is $108,958 a year. For that payment to be 28% of income, a household would need to earn about $193,786 a year.

The calculator's FHA and conventional loan limits are those of all of Miami-Dade County.

Your numbers

Local data
$

Starts at the typical home value in Olympia Heights. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $19,513 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,522

at 7.18% · 30 years

Loan amount
$547,402
Total interest
$787,583
Paid off in
November 2056

Includes $9,415 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,542 a month

  • Tight

    $2,542 to $3,269 a month

  • Hard

    more than $3,269 a month

    Your payment · 50%

Compared with the typical household income in Olympia Heights ($108,958 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,522
Principal & interest$3,708
Property tax$335
Home insurance$232
FHA mortgage insurance (MIP)$247

You need at least $19,513 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Olympia Heights and Miami-Dade County

Olympia Heights is in Miami-Dade County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Olympia Heights's own numbers

Typical home value
$557,500
Typical monthly rent
$2,124
Typical yearly household income
$108,958
Households that own their home
85%
Effective property tax rate
0.72%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Miami-Dade County

FHA limit, one-unit home
$667,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,564
Price change over 5 years (FHFA)
+80%
Homes in a high flood-risk zone
40%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Miami-Dade County.

Everything about Miami-Dade County

Buying

Buying a home in Olympia Heights

A typical home in Olympia Heights is worth $557,500: 20% above the county and 55% above Florida. With the typical household income in Olympia Heights ($108,958 a year), a typical home costs 5.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Olympia Heights 5.1 years
  • Miami-Dade 6.5 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Miami-Dade County

According to FHFA’s house price index, home prices in Miami-Dade County rose 148% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Miami-Dade County.

Period County Florida U.S.
Last year (2025) +2.8% −0.5% +2.9%
5 years (2020–2025) +80% +60% +47%
10 years (2015–2025) +148% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Olympia Heights next to Miami-Dade County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Olympia Heights $557,500
  • Miami-Dade $463,000
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Olympia Heights $2,124
  • Miami-Dade $1,829
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Olympia Heights $108,958
  • Miami-Dade $71,753
  • Florida $74,568
  • United States $80,734
See the full table
Olympia Heights next to Miami-Dade County and Florida
Measure Olympia Heights Miami-Dade County Florida U.S.
Typical home value $557,500 $463,000 $359,000 $332,700
Typical monthly rent $2,124 $1,829 $1,669 $1,413
Typical yearly household income $108,958 $71,753 $74,568 $80,734
Households that own their home 85% 52% 68% 65%
Typical yearly property tax $4,010 $3,744 $2,730 $3,119
Effective property tax rate 0.72% 0.81% 0.76% 0.94%
Renters with high rent for their income 69% 64% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Miami-Dade County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Olympia Heights

For a typical $557,500 home in Olympia Heights, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Olympia Heights's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,522a month

    Least cash to close
    Down payment
    $19,513
    Cash to close
    $36,238
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $247

  • Conventional, 5% down $4,419a month

    Down payment
    $27,875
    Cash to close
    $44,600
    Rate
    7.18%
    Mortgage insurance
    PMI · $265

  • Conventional, 20% down, no PMI $3,588a month

    Down payment
    $111,500
    Cash to close
    $128,225
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,104a month

    Down payment
    $83,625
    Cash to close
    $100,350
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Olympia Heights and for Miami-Dade County.

Property tax

Effective rate in Olympia Heights

0.72%of the home’s value each year

$4,010 a year for the typical owner in Olympia Heights.

  • Olympia Heights 0.72%
  • Miami-Dade 0.81%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Miami-Dade County

FEMA does not publish these numbers by city: they are for all of Miami-Dade County.

Homes in the high-risk zone
40%
199,250
Of those, with NFIP insurance
74%
County Florida U.S.
Homes in the high-risk zone 40% 13% 3.5%
Of those, with NFIP insurance 74% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Olympia Heights

Typical rent in Olympia Heights is $2,124 a month: 16% above the county. In Olympia Heights, 69% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Miami-Dade County, by unit size. To pay the 2-bedroom one ($2,564 a month) without spending more than 30% of your income, you would need to earn $49.31 an hour working full time.

HUD fair market rent for all of Miami-Dade County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,953 $37.56 $78,120
1 bedroom $2,121 $40.79 $84,840
2 bedrooms $2,564 $49.31 $102,560
3 bedrooms $3,277 $63.02 $131,080
4 bedrooms $3,749 $72.10 $149,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Olympia Heights

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Olympia Heights has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,650 in 33165 to $2,770 in 33155.

2 of the 2 are above the fair market rent for Miami-Dade County ($2,564).

  • 33155 $2,770$3,540
  • 33165 $2,650$3,390

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Olympia Heights when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Olympia Heights

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 11 HUD-approved agencies with an office in Miami-Dade County; 9 say they serve in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Olympia Heights

1 program is for Olympia Heights or Miami-Dade County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Florida: they work in Olympia Heights the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Olympia Heights

The HUD-approved agencies closest to the center of Olympia Heights, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Real Estate, Education and Community Housing, Inc.

    7875 NW 12th St, Doral · 4 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (786) 260-6821

  • Cuban American National Council, Inc. - Miami

    1223 SW 4th St, Miami · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    305-642-3484-182

  • Neighborhood Housing Services of South Florida

    300 NW 12th Ave, Miami · 8 miles away · Spanish

    Also serves in Creole.

    • Budget and financial counseling
    • Budget and credit workshops
    • and 6 more
    (305) 751-5511

Every agency in Miami-Dade County All counseling agencies in Florida

Help in Spanish near Olympia Heights

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Olympia Heights

In HUD’s record, no housing authority with an office in Miami-Dade County is named for Olympia Heights or Miami-Dade County.

6 other authorities have an office in Miami-Dade County: see the list Source: HUD

Cities

Other cities in Miami-Dade County

These cities are also in Miami-Dade County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Miami-Dade County Housing in Florida
See 48 more cities in Miami-Dade County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Olympia Heights, with the typical home value.

Neighboring counties

If Miami-Dade County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Olympia Heights.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Olympia Heights

Short answers with the numbers for Olympia Heights and all of Miami-Dade County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Olympia Heights?

The typical home value in Olympia Heights is $557,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Miami-Dade County it is $463,000.

How much does it cost to rent in Olympia Heights?

Typical rent in Olympia Heights is $2,124 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Miami-Dade County is $2,564.

What is the FHA loan limit in Olympia Heights?

Olympia Heights uses the FHA limit for all of Miami-Dade County (2026): $667,000 for a one-unit home and $1,282,700 for a four-unit home.

How much property tax do owners pay in Olympia Heights?

The typical homeowner in Olympia Heights pays $4,010 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in Miami-Dade County, the rate is 0.81%.

Where can I find free help to buy or rent in Olympia Heights?

There are 11 HUD-approved counseling agencies with an office in Miami-Dade County. 9 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).