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Miami-Dade County/Miami/33147

33147

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,560
1 BR$1,860$1,820
2 BR$2,250$2,380
3 BR$2,880$3,020
4 BR$3,290$3,510
5 BR$3,783Not available
6 BR$4,351Not available
7 BR$5,004Not available
8 BR$5,754Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,250
Market rent$2,450
Est. payment standard (106%)Used$2,380
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.02
2 BR
0.92
3 BR
0.93
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33147 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33147 (Miami, FL) is $2,250 a month. That is up 4.7% from $2,150 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, 33147 has the 109th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33147 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33147
BedroomsFY 2027Change90–110% range
Studio$1,710+6.2%$1,539–$1,881
1BR$1,860+5.7%$1,674–$2,046
2BR$2,250+4.7%$2,025–$2,475
3BR$2,880+4.3%$2,592–$3,168
4BR$3,290+3.1%$2,961–$3,619

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33147
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,860$2,250$2,880$3,290
FY 2026$1,610$1,760$2,150$2,760$3,190
FY 2025$1,520$1,700$2,100$2,730$3,240
FY 2024$1,300$1,460$1,800$2,340$2,780
FY 2023$1,110$1,250$1,560$2,050$2,430

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33147
33140$3,230+43.6%
33141$2,900+28.9%
33142$2,130−5.3%
33143$2,960+31.6%
33144$2,510+11.6%
33145$2,660+18.2%
33146$3,850+71.1%
33147Current$2,250—
33149$3,660+62.7%
33150$2,010−10.7%
33152$2,560+13.8%
33153$2,560+13.8%

Questions about ZIP 33147 rents

How much will Section 8 pay for a two-bedroom in ZIP 33147?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,250, that basic range is $2,025 to $2,475 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 33147 in?

ZIP 33147 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 33147 for FY 2027?

The two-bedroom FMR rose 4.7%, from $2,150 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 44.2%.

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