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Miami-Dade County/Miami/33146

33146

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

33Below average

095130300
BRFMR
Eff. Rent
0 BR$2,930$2,270
1 BR$3,190$3,100
2 BR$3,850$4,240
3 BR$4,920$5,410
4 BR$5,630$6,190
5 BR$6,474Not available
6 BR$7,446Not available
7 BR$8,563Not available
8 BR$9,847Not available

Purchase Price Calculator

Maximum purchase price
$568,146

Cost breakdown

+Likely effective rent$4,240
HUD FMR$3,850
Market rent$4,770
Est. payment standard (110%)Used$4,240
-Principal and interest-$2,873
Loan amount$454,517
Down payment$113,629
Rate6.50%
Term30 years
-Operating costs-$1,167
Property taxes-$568
Insurance-$175
Utilities$0
HOA$0
Management-$424
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$67,169(59.1% ROI)
Projected value
$611,831
Return breakdown
Property appreciation+$43,685
Loan principal paid down+$16,284
Rental cash flow+$7,200
5-year hold
+$115,698(101.8% ROI)
Projected value
$642,805
Return breakdown
Property appreciation+$74,659
Loan principal paid down+$29,039
Rental cash flow+$12,000
10-year hold
+$252,324(222.1% ROI)
Projected value
$727,275
Return breakdown
Property appreciation+$159,129
Loan principal paid down+$69,195
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
1.03
2 BR
0.81
3 BR
0.80
4 BR
0.52
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33146 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33146 (Miami, FL) is $3,850 a month. That is up 5.5% from $3,650 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, 33146 is tied for the highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33146 is 161% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33146
BedroomsFY 2027Change90–110% range
Studio$2,930+6.9%$2,637–$3,223
1BR$3,190+6.7%$2,871–$3,509
2BR$3,850+5.5%$3,465–$4,235
3BR$4,920+5.1%$4,428–$5,412
4BR$5,630+4.1%$5,067–$6,193

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33146
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,930$3,190$3,850$4,920$5,630
FY 2026$2,740$2,990$3,650$4,680$5,410
FY 2025$2,560$2,840$3,490$4,510$5,280
FY 2024$2,530$2,830$3,490$4,550$5,390
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. 33146
33139$3,570−7.3%
33140$3,230−16.1%
33141$2,900−24.7%
33142$2,130−44.7%
33143$2,960−23.1%
33144$2,510−34.8%
33145$2,660−30.9%
33146Current$3,850—
33147$2,250−41.6%
33149$3,660−4.9%
33150$2,010−47.8%
33152$2,560−33.5%

Questions about ZIP 33146 rents

How much will Section 8 pay for a two-bedroom in ZIP 33146?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,850, that basic range is $3,465 to $4,235 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 33146 in?

ZIP 33146 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 33146 for FY 2027?

The two-bedroom FMR rose 5.5%, from $3,650 in FY 2026 to $3,850 in FY 2027. Since FY 2023 it has risen 33.7%.

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