Skip to main content
Loading page
Miami-Dade County/Opa Locka/33054

33054

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,590$1,630
1 BR$1,730$1,890
2 BR$2,090$2,300
3 BR$2,670$2,940
4 BR$3,060$3,370
5 BR$3,519Not available
6 BR$4,047Not available
7 BR$4,654Not available
8 BR$5,352Not available

Purchase Price Calculator

Maximum purchase price
$279,863

Cost breakdown

+Likely effective rent$2,300
HUD FMR$2,090
Market rent$2,700
Est. payment standard (110%)Used$2,300
-Principal and interest-$1,415
Loan amount$223,890
Down payment$55,973
Rate6.50%
Term30 years
-Operating costs-$685
Property taxes-$280
Insurance-$175
Utilities$0
HOA$0
Management-$230
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,740(65.6% ROI)
Projected value
$301,381
Return breakdown
Property appreciation+$21,519
Loan principal paid down+$8,021
Rental cash flow+$7,200
5-year hold
+$63,081(112.7% ROI)
Projected value
$316,639
Return breakdown
Property appreciation+$36,776
Loan principal paid down+$14,304
Rental cash flow+$12,000
10-year hold
+$136,470(243.8% ROI)
Projected value
$358,248
Return breakdown
Property appreciation+$78,385
Loan principal paid down+$34,085
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.96
1 BR
0.87
2 BR
0.77
3 BR
0.81
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33054 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33054 (Opa Locka, FL) is $2,090 a month. That is up 8.3% from $1,930 in FY 2026. Opa Locka 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, 33054 has the 113th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33054 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33054
BedroomsFY 2027Change90–110% range
Studio$1,590+9.7%$1,431–$1,749
1BR$1,730+9.5%$1,557–$1,903
2BR$2,090+8.3%$1,881–$2,299
3BR$2,670+7.7%$2,403–$2,937
4BR$3,060+7.0%$2,754–$3,366

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33054
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,590$1,730$2,090$2,670$3,060
FY 2026$1,450$1,580$1,930$2,480$2,860
FY 2025$1,320$1,470$1,800$2,320$2,730
FY 2024$1,290$1,440$1,780$2,320$2,750
FY 2023$1,050$1,200$1,510$2,000$2,370

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33054
33018$2,830+35.4%
33023$2,010−3.8%
33030$2,050−1.9%
33031$2,510+20.1%
33032$2,360+12.9%
33033$2,270+8.6%
33034$2,010−3.8%
33035$2,720+30.1%
33039$2,560+22.5%
33054Current$2,090—
33055$2,450+17.2%
33056$2,440+16.7%

Questions about ZIP 33054 rents

How much will Section 8 pay for a two-bedroom in ZIP 33054?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,090, that basic range is $1,881 to $2,299 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 33054 in?

ZIP 33054 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 33054 for FY 2027?

The two-bedroom FMR rose 8.3%, from $1,930 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 38.4%.

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