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Miami-Dade County/Miami/33129

33129

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$2,450$2,120
1 BR$2,660$2,780
2 BR$3,220$3,540
3 BR$4,120$4,530
4 BR$4,710$5,180
5 BR$5,417Not available
6 BR$6,229Not available
7 BR$7,163Not available
8 BR$8,238Not available

Purchase Price Calculator

Maximum purchase price
$464,126

Cost breakdown

+Likely effective rent$3,540
HUD FMR$3,220
Market rent$4,090
Est. payment standard (110%)Used$3,540
-Principal and interest-$2,347
Loan amount$371,301
Down payment$92,825
Rate6.50%
Term30 years
-Operating costs-$993
Property taxes-$464
Insurance-$175
Utilities$0
HOA$0
Management-$354
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$56,190(60.5% ROI)
Projected value
$499,813
Return breakdown
Property appreciation+$35,687
Loan principal paid down+$13,303
Rental cash flow+$7,200
5-year hold
+$96,712(104.2% ROI)
Projected value
$525,116
Return breakdown
Property appreciation+$60,990
Loan principal paid down+$23,722
Rental cash flow+$12,000
10-year hold
+$210,521(226.8% ROI)
Projected value
$594,121
Return breakdown
Property appreciation+$129,995
Loan principal paid down+$56,526
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
0.94
2 BR
0.79
3 BR
0.56
4 BR
0.51
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33129 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33129 (Miami, FL) is $3,220 a month. That is up 2.2% from $3,150 in FY 2026. Miami 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, 33129 has the 18th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33129 is 118% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33129
BedroomsFY 2027Change90–110% range
Studio$2,450+3.8%$2,205–$2,695
1BR$2,660+3.1%$2,394–$2,926
2BR$3,220+2.2%$2,898–$3,542
3BR$4,120+2.0%$3,708–$4,532
4BR$4,710+0.9%$4,239–$5,181

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33129
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,450$2,660$3,220$4,120$4,710
FY 2026$2,360$2,580$3,150$4,040$4,670
FY 2025$2,350$2,610$3,200$4,130$4,850
FY 2024$2,430$2,720$3,360$4,380$5,190
FY 2023$2,020$2,290$2,850$3,750$4,440

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33129
33124$2,560−20.5%
33125$2,470−23.3%
33126$2,690−16.5%
33127$2,060−36.0%
33128$2,120−34.2%
33129Current$3,220—
33130$2,780−13.7%
33131$3,850+19.6%
33132$3,850+19.6%
33133$3,150−2.2%
33134$2,860−11.2%
33135$2,280−29.2%

Questions about ZIP 33129 rents

How much will Section 8 pay for a two-bedroom in ZIP 33129?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,220, that basic range is $2,898 to $3,542 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 33129 in?

ZIP 33129 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 33129 for FY 2027?

The two-bedroom FMR rose 2.2%, from $3,150 in FY 2026 to $3,220 in FY 2027. Since FY 2023 it has risen 13.0%.

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