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Miami-Dade County/Hialeah/33018

33018

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$2,160$2,380
1 BR$2,340$2,570
2 BR$2,830$2,950
3 BR$3,620$3,410
4 BR$4,140$4,040
5 BR$4,761Not available
6 BR$5,475Not available
7 BR$6,296Not available
8 BR$7,241Not available

Purchase Price Calculator

Maximum purchase price
$376,452

Cost breakdown

+Likely effective rent$2,950
HUD FMR$2,830
Market rent$3,010
Est. payment standard (104%)Used$2,950
-Principal and interest-$1,904
Loan amount$301,162
Down payment$75,290
Rate6.50%
Term30 years
-Operating costs-$846
Property taxes-$376
Insurance-$175
Utilities$0
HOA$0
Management-$295
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,936(62.3% ROI)
Projected value
$405,398
Return breakdown
Property appreciation+$28,946
Loan principal paid down+$10,790
Rental cash flow+$7,200
5-year hold
+$80,710(107.2% ROI)
Projected value
$425,921
Return breakdown
Property appreciation+$49,469
Loan principal paid down+$19,241
Rental cash flow+$12,000
10-year hold
+$175,287(232.8% ROI)
Projected value
$481,891
Return breakdown
Property appreciation+$105,438
Loan principal paid down+$45,848
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.84
2 BR
0.94
3 BR
1.06
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33018 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33018 (Hialeah, FL) is $2,830 a month. That is up 4.4% from $2,710 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, 33018 has the 30th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33018 is 92% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33018
BedroomsFY 2027Change90–110% range
Studio$2,160+6.4%$1,944–$2,376
1BR$2,340+5.4%$2,106–$2,574
2BR$2,830+4.4%$2,547–$3,113
3BR$3,620+4.0%$3,258–$3,982
4BR$4,140+3.0%$3,726–$4,554

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33018
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,160$2,340$2,830$3,620$4,140
FY 2026$2,030$2,220$2,710$3,480$4,020
FY 2025$2,000$2,220$2,720$3,510$4,120
FY 2024$2,030$2,270$2,800$3,650$4,320
FY 2023$1,660$1,890$2,350$3,090$3,660

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33018
33010$2,260−20.1%
33011$2,560−9.5%
33012$2,510−11.3%
33013$2,270−19.8%
33014$2,700−4.6%
33015$2,860+1.1%
33016$2,670−5.7%
33017$2,560−9.5%
33018Current$2,830—
33023$2,010−29.0%
33030$2,050−27.6%
33031$2,510−11.3%

Questions about ZIP 33018 rents

How much will Section 8 pay for a two-bedroom in ZIP 33018?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,830, that basic range is $2,547 to $3,113 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 33018 in?

ZIP 33018 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 33018 for FY 2027?

The two-bedroom FMR rose 4.4%, from $2,710 in FY 2026 to $2,830 in FY 2027. Since FY 2023 it has risen 20.4%.

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