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Miami-Dade County/Homestead/33030

33030

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,560$1,590
1 BR$1,700$1,650
2 BR$2,050$2,240
3 BR$2,620$2,770
4 BR$3,000$3,070
5 BR$3,450Not available
6 BR$3,967Not available
7 BR$4,563Not available
8 BR$5,247Not available

Purchase Price Calculator

Maximum purchase price
$270,947

Cost breakdown

+Likely effective rent$2,240
HUD FMR$2,050
Market rent$2,350
Est. payment standard (110%)Used$2,240
-Principal and interest-$1,370
Loan amount$216,757
Down payment$54,189
Rate6.50%
Term30 years
-Operating costs-$670
Property taxes-$271
Insurance-$175
Utilities$0
HOA$0
Management-$224
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,799(66.1% ROI)
Projected value
$291,780
Return breakdown
Property appreciation+$20,833
Loan principal paid down+$7,766
Rental cash flow+$7,200
5-year hold
+$61,453(113.4% ROI)
Projected value
$306,551
Return breakdown
Property appreciation+$35,605
Loan principal paid down+$13,849
Rental cash flow+$12,000
10-year hold
+$132,887(245.2% ROI)
Projected value
$346,835
Return breakdown
Property appreciation+$75,888
Loan principal paid down+$32,999
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
1.03
2 BR
0.87
3 BR
0.92
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33030 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33030 (Homestead, FL) is $2,050 a month. That is up 5.7% from $1,940 in FY 2026. Homestead 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, 33030 has the 116th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33030 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33030
BedroomsFY 2027Change90–110% range
Studio$1,560+6.8%$1,404–$1,716
1BR$1,700+6.9%$1,530–$1,870
2BR$2,050+5.7%$1,845–$2,255
3BR$2,620+5.2%$2,358–$2,882
4BR$3,000+2.7%$2,700–$3,300

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33030
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,560$1,700$2,050$2,620$3,000
FY 2026$1,460$1,590$1,940$2,490$2,920
FY 2025$1,520$1,700$2,100$2,730$3,240
FY 2024$1,330$1,490$1,840$2,400$2,840
FY 2023$1,090$1,240$1,540$2,030$2,400

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33030
33015$2,860+39.5%
33016$2,670+30.2%
33017$2,560+24.9%
33018$2,830+38.0%
33023$2,010−2.0%
33030Current$2,050—
33031$2,510+22.4%
33032$2,360+15.1%
33033$2,270+10.7%
33034$2,010−2.0%
33035$2,720+32.7%
33039$2,560+24.9%

Questions about ZIP 33030 rents

How much will Section 8 pay for a two-bedroom in ZIP 33030?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,050, that basic range is $1,845 to $2,255 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 33030 in?

ZIP 33030 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 33030 for FY 2027?

The two-bedroom FMR rose 5.7%, from $1,940 in FY 2026 to $2,050 in FY 2027. Since FY 2023 it has risen 33.1%.

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