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Miami-Dade County/Miami Beach/33154

33154

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

19Below average

095130300
BRFMR
Eff. Rent
0 BR$2,490$2,180
1 BR$2,710$2,960
2 BR$3,270$3,600
3 BR$4,180$4,600
4 BR$4,780$5,260
5 BR$5,497Not available
6 BR$6,322Not available
7 BR$7,270Not available
8 BR$8,360Not available

Purchase Price Calculator

Maximum purchase price
$473,042

Cost breakdown

+Likely effective rent$3,600
HUD FMR$3,270
Market rent$4,690
Est. payment standard (110%)Used$3,600
-Principal and interest-$2,392
Loan amount$378,434
Down payment$94,608
Rate6.50%
Term30 years
-Operating costs-$1,008
Property taxes-$473
Insurance-$175
Utilities$0
HOA$0
Management-$360
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$57,131(60.4% ROI)
Projected value
$509,415
Return breakdown
Property appreciation+$36,372
Loan principal paid down+$13,558
Rental cash flow+$7,200
5-year hold
+$98,340(103.9% ROI)
Projected value
$535,204
Return breakdown
Property appreciation+$62,162
Loan principal paid down+$24,178
Rental cash flow+$12,000
10-year hold
+$214,104(226.3% ROI)
Projected value
$605,534
Return breakdown
Property appreciation+$132,492
Loan principal paid down+$57,612
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
0.87
2 BR
0.70
3 BR
0.64
4 BR
0.49
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33154 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33154 (Miami Beach, FL) is $3,270 a month. That is up 6.5% from $3,070 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, 33154 has the 16th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33154 is 122% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33154
BedroomsFY 2027Change90–110% range
Studio$2,490+8.3%$2,241–$2,739
1BR$2,710+8.0%$2,439–$2,981
2BR$3,270+6.5%$2,943–$3,597
3BR$4,180+6.1%$3,762–$4,598
4BR$4,780+5.1%$4,302–$5,258

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33154
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,490$2,710$3,270$4,180$4,780
FY 2026$2,300$2,510$3,070$3,940$4,550
FY 2025$2,140$2,370$2,910$3,760$4,410
FY 2024$2,160$2,420$2,980$3,880$4,600
FY 2023$1,810$2,050$2,550$3,350$3,970

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33154
33147$2,250−31.2%
33149$3,660+11.9%
33150$2,010−38.5%
33152$2,560−21.7%
33153$2,560−21.7%
33154Current$3,270—
33155$2,770−15.3%
33156$2,820−13.8%
33157$2,310−29.4%
33158$3,290+0.6%
33160$3,280+0.3%
33161$2,450−25.1%

Questions about ZIP 33154 rents

How much will Section 8 pay for a two-bedroom in ZIP 33154?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,270, that basic range is $2,943 to $3,597 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 33154 in?

ZIP 33154 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 33154 for FY 2027?

The two-bedroom FMR rose 6.5%, from $3,070 in FY 2026 to $3,270 in FY 2027. Since FY 2023 it has risen 28.2%.

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