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Miami-Dade County/Miami Beach/33141

33141

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$2,210$1,680
1 BR$2,400$2,060
2 BR$2,900$3,190
3 BR$3,710$4,080
4 BR$4,240$4,660
5 BR$4,876Not available
6 BR$5,607Not available
7 BR$6,449Not available
8 BR$7,416Not available

Purchase Price Calculator

Maximum purchase price
$412,116

Cost breakdown

+Likely effective rent$3,190
HUD FMR$2,900
Market rent$3,430
Est. payment standard (110%)Used$3,190
-Principal and interest-$2,084
Loan amount$329,693
Down payment$82,423
Rate6.50%
Term30 years
-Operating costs-$906
Property taxes-$412
Insurance-$175
Utilities$0
HOA$0
Management-$319
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$50,700(61.5% ROI)
Projected value
$443,804
Return breakdown
Property appreciation+$31,688
Loan principal paid down+$11,812
Rental cash flow+$7,200
5-year hold
+$87,220(105.8% ROI)
Projected value
$466,272
Return breakdown
Property appreciation+$54,155
Loan principal paid down+$21,064
Rental cash flow+$12,000
10-year hold
+$189,619(230.1% ROI)
Projected value
$527,544
Return breakdown
Property appreciation+$115,427
Loan principal paid down+$50,192
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.32
1 BR
1.17
2 BR
0.85
3 BR
0.59
4 BR
0.47
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33141 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33141 (Miami Beach, FL) is $2,900 a month. That is down 0.3% from $2,910 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, 33141 has the 25th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33141 is 97% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33141
BedroomsFY 2027Change90–110% range
Studio$2,210+1.4%$1,989–$2,431
1BR$2,400+0.8%$2,160–$2,640
2BR$2,900−0.3%$2,610–$3,190
3BR$3,710−0.5%$3,339–$4,081
4BR$4,240−1.9%$3,816–$4,664

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33141
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,210$2,400$2,900$3,710$4,240
FY 2026$2,180$2,380$2,910$3,730$4,320
FY 2025$1,980$2,200$2,700$3,490$4,090
FY 2024$1,920$2,150$2,650$3,450$4,090
FY 2023$1,570$1,780$2,220$2,920$3,460

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33141
33135$2,280−21.4%
33136$2,070−28.6%
33137$3,460+19.3%
33138$2,300−20.7%
33139$3,570+23.1%
33140$3,230+11.4%
33141Current$2,900—
33142$2,130−26.6%
33143$2,960+2.1%
33144$2,510−13.4%
33145$2,660−8.3%
33146$3,850+32.8%

Questions about ZIP 33141 rents

How much will Section 8 pay for a two-bedroom in ZIP 33141?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,900, that basic range is $2,610 to $3,190 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 33141 in?

ZIP 33141 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 33141 for FY 2027?

The two-bedroom FMR fell 0.3%, from $2,910 in FY 2026 to $2,900 in FY 2027. Since FY 2023 it has risen 30.6%.

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