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Miami-Dade County/Hialeah/33016

33016

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$2,030$1,660
1 BR$2,210$1,890
2 BR$2,670$2,410
3 BR$3,410$2,720
4 BR$3,900$2,770
5 BR$4,485Not available
6 BR$5,158Not available
7 BR$5,931Not available
8 BR$6,821Not available

Purchase Price Calculator

Maximum purchase price
$296,209

Cost breakdown

+Likely effective rent$2,410
HUD FMR$2,670
Market rentUsed$2,410
Est. payment standard (94%)$2,500
-Principal and interest-$1,498
Loan amount$236,967
Down payment$59,242
Rate6.50%
Term30 years
-Operating costs-$712
Property taxes-$296
Insurance-$175
Utilities$0
HOA$0
Management-$241
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,466(64.9% ROI)
Projected value
$318,984
Return breakdown
Property appreciation+$22,776
Loan principal paid down+$8,490
Rental cash flow+$7,200
5-year hold
+$66,064(111.5% ROI)
Projected value
$335,133
Return breakdown
Property appreciation+$38,924
Loan principal paid down+$15,140
Rental cash flow+$12,000
10-year hold
+$143,039(241.4% ROI)
Projected value
$379,172
Return breakdown
Property appreciation+$82,963
Loan principal paid down+$36,076
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.17
2 BR
1.11
3 BR
1.25
4 BR
1.41
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33016 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33016 (Hialeah, FL) is $2,670 a month. That is up 2.3% from $2,610 in FY 2026. Hialeah is in the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 119 ZIP codes in Miami-Dade County, 33016 has the 41st-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33016 is 81% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33016
BedroomsFY 2027Change90–110% range
Studio$2,030+3.6%$1,827–$2,233
1BR$2,210+3.3%$1,989–$2,431
2BR$2,670+2.3%$2,403–$2,937
3BR$3,410+1.8%$3,069–$3,751
4BR$3,900+0.8%$3,510–$4,290

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33016
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,030$2,210$2,670$3,410$3,900
FY 2026$1,960$2,140$2,610$3,350$3,870
FY 2025$1,730$1,920$2,350$3,040$3,560
FY 2024$1,640$1,830$2,260$2,940$3,490
FY 2023$1,360$1,540$1,920$2,530$2,990

Two-bedroom rent in nearby Miami-Dade County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33016
33002$2,560−4.1%
33010$2,260−15.4%
33011$2,560−4.1%
33012$2,510−6.0%
33013$2,270−15.0%
33014$2,700+1.1%
33015$2,860+7.1%
33016Current$2,670—
33017$2,560−4.1%
33018$2,830+6.0%
33023$2,010−24.7%
33030$2,050−23.2%

Questions about ZIP 33016 rents

How much will Section 8 pay for a two-bedroom in ZIP 33016?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,670, that basic range is $2,403 to $2,937 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 33016 in?

ZIP 33016 is in the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 33016 for FY 2027?

The two-bedroom FMR rose 2.3%, from $2,610 in FY 2026 to $2,670 in FY 2027. Since FY 2023 it has risen 39.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentHialeah, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources