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Miami-Dade County/Key Biscayne/33149

33149

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

19Below average

095130300
BRFMR
Eff. Rent
0 BR$2,780$3,060
1 BR$3,030$3,330
2 BR$3,660$4,030
3 BR$4,680$5,150
4 BR$5,350$5,890
5 BR$6,152Not available
6 BR$7,075Not available
7 BR$8,137Not available
8 BR$9,357Not available

Purchase Price Calculator

Maximum purchase price
$536,940

Cost breakdown

+Likely effective rent$4,030
HUD FMR$3,660
Market rent$6,340
Est. payment standard (110%)Used$4,030
-Principal and interest-$2,715
Loan amount$429,552
Down payment$107,388
Rate6.50%
Term30 years
-Operating costs-$1,115
Property taxes-$537
Insurance-$175
Utilities$0
HOA$0
Management-$403
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$63,875(59.5% ROI)
Projected value
$578,226
Return breakdown
Property appreciation+$41,286
Loan principal paid down+$15,390
Rental cash flow+$7,200
5-year hold
+$110,002(102.4% ROI)
Projected value
$607,498
Return breakdown
Property appreciation+$70,558
Loan principal paid down+$27,444
Rental cash flow+$12,000
10-year hold
+$239,783(223.3% ROI)
Projected value
$687,328
Return breakdown
Property appreciation+$150,389
Loan principal paid down+$65,394
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.84
2 BR
0.58
3 BR
0.54
4 BR
0.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33149 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33149 (Key Biscayne, FL) is $3,660 a month. That is up 6.1% from $3,450 in FY 2026. Key Biscayne 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, 33149 has the 9th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33149 is 148% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33149
BedroomsFY 2027Change90–110% range
Studio$2,780+7.3%$2,502–$3,058
1BR$3,030+7.4%$2,727–$3,333
2BR$3,660+6.1%$3,294–$4,026
3BR$4,680+5.9%$4,212–$5,148
4BR$5,350+4.7%$4,815–$5,885

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33149
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,780$3,030$3,660$4,680$5,350
FY 2026$2,590$2,820$3,450$4,420$5,110
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. 33149
33142$2,130−41.8%
33143$2,960−19.1%
33144$2,510−31.4%
33145$2,660−27.3%
33146$3,850+5.2%
33147$2,250−38.5%
33149Current$3,660—
33150$2,010−45.1%
33152$2,560−30.1%
33153$2,560−30.1%
33154$3,270−10.7%
33155$2,770−24.3%

Questions about ZIP 33149 rents

How much will Section 8 pay for a two-bedroom in ZIP 33149?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,660, that basic range is $3,294 to $4,026 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 33149 in?

ZIP 33149 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 33149 for FY 2027?

The two-bedroom FMR rose 6.1%, from $3,450 in FY 2026 to $3,660 in FY 2027. Since FY 2023 it has risen 27.1%.

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