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Miami-Dade County/Miami Beach/33139

33139

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

11Below average

095130300
BRFMR
Eff. Rent
0 BR$2,720$2,440
1 BR$2,950$3,250
2 BR$3,570$3,820
3 BR$4,560$5,020
4 BR$5,220$5,740
5 BR$6,003Not available
6 BR$6,903Not available
7 BR$7,939Not available
8 BR$9,130Not available

Purchase Price Calculator

Maximum purchase price
$505,734

Cost breakdown

+Likely effective rent$3,820
HUD FMR$3,570
Market rent$3,960
Est. payment standard (107%)Used$3,820
-Principal and interest-$2,557
Loan amount$404,587
Down payment$101,147
Rate6.50%
Term30 years
-Operating costs-$1,063
Property taxes-$506
Insurance-$175
Utilities$0
HOA$0
Management-$382
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$60,582(59.9% ROI)
Projected value
$544,620
Return breakdown
Property appreciation+$38,886
Loan principal paid down+$14,495
Rental cash flow+$7,200
5-year hold
+$104,307(103.1% ROI)
Projected value
$572,192
Return breakdown
Property appreciation+$66,458
Loan principal paid down+$25,849
Rental cash flow+$12,000
10-year hold
+$227,242(224.7% ROI)
Projected value
$647,382
Return breakdown
Property appreciation+$141,648
Loan principal paid down+$61,594
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
0.81
2 BR
0.90
3 BR
0.73
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33139 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33139 (Miami Beach, FL) is $3,570 a month. That is down 1.1% from $3,610 in FY 2026. Miami Beach 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, 33139 has the 10th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33139 is 142% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33139
BedroomsFY 2027Change90–110% range
Studio$2,720+0.4%$2,448–$2,992
1BR$2,950−0.3%$2,655–$3,245
2BR$3,570−1.1%$3,213–$3,927
3BR$4,560−1.5%$4,104–$5,016
4BR$5,220−2.4%$4,698–$5,742

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33139
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,720$2,950$3,570$4,560$5,220
FY 2026$2,710$2,960$3,610$4,630$5,350
FY 2025$2,460$2,730$3,350$4,330$5,070
FY 2024$2,460$2,750$3,390$4,420$5,230
FY 2023$2,040$2,310$2,880$3,790$4,490

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33139
33133$3,150−11.8%
33134$2,860−19.9%
33135$2,280−36.1%
33136$2,070−42.0%
33137$3,460−3.1%
33138$2,300−35.6%
33139Current$3,570—
33140$3,230−9.5%
33141$2,900−18.8%
33142$2,130−40.3%
33143$2,960−17.1%
33144$2,510−29.7%

Questions about ZIP 33139 rents

How much will Section 8 pay for a two-bedroom in ZIP 33139?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,570, that basic range is $3,213 to $3,927 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 33139 in?

ZIP 33139 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 33139 for FY 2027?

The two-bedroom FMR fell 1.1%, from $3,610 in FY 2026 to $3,570 in FY 2027. Since FY 2023 it has risen 24.0%.

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