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Miami-Dade County/North Miami Beach/33160

33160

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$2,500$1,840
1 BR$2,710$2,060
2 BR$3,280$2,420
3 BR$4,190$4,470
4 BR$4,800$5,280
5 BR$5,520Not available
6 BR$6,348Not available
7 BR$7,300Not available
8 BR$8,395Not available

Purchase Price Calculator

Maximum purchase price
$297,695

Cost breakdown

+Likely effective rent$2,420
HUD FMR$3,280
Market rentUsed$2,420
Est. payment standard (90%)$2,950
-Principal and interest-$1,505
Loan amount$238,156
Down payment$59,539
Rate6.50%
Term30 years
-Operating costs-$715
Property taxes-$298
Insurance-$175
Utilities$0
HOA$0
Management-$242
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,622(64.9% ROI)
Projected value
$320,584
Return breakdown
Property appreciation+$22,890
Loan principal paid down+$8,533
Rental cash flow+$7,200
5-year hold
+$66,335(111.4% ROI)
Projected value
$336,814
Return breakdown
Property appreciation+$39,120
Loan principal paid down+$15,216
Rental cash flow+$12,000
10-year hold
+$143,636(241.2% ROI)
Projected value
$381,074
Return breakdown
Property appreciation+$83,380
Loan principal paid down+$36,257
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.36
1 BR
1.32
2 BR
1.36
3 BR
0.91
4 BR
0.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33160 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33160 (North Miami Beach, FL) is $3,280 a month. That is up 0.6% from $3,260 in FY 2026. North 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, 33160 has the 15th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33160 is 123% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33160
BedroomsFY 2027Change90–110% range
Studio$2,500+2.0%$2,250–$2,750
1BR$2,710+1.5%$2,439–$2,981
2BR$3,280+0.6%$2,952–$3,608
3BR$4,190+0.2%$3,771–$4,609
4BR$4,800−0.6%$4,320–$5,280

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33160
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,500$2,710$3,280$4,190$4,800
FY 2026$2,450$2,670$3,260$4,180$4,830
FY 2025$2,160$2,400$2,940$3,800$4,450
FY 2024$2,040$2,290$2,820$3,670$4,350
FY 2023$1,710$1,940$2,410$3,170$3,760

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33160
33154$3,270−0.3%
33155$2,770−15.5%
33156$2,820−14.0%
33157$2,310−29.6%
33158$3,290+0.3%
33160Current$3,280—
33161$2,450−25.3%
33162$2,260−31.1%
33163$2,560−22.0%
33164$2,560−22.0%
33165$2,650−19.2%
33166$2,650−19.2%

Questions about ZIP 33160 rents

How much will Section 8 pay for a two-bedroom in ZIP 33160?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,280, that basic range is $2,952 to $3,608 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 33160 in?

ZIP 33160 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 33160 for FY 2027?

The two-bedroom FMR rose 0.6%, from $3,260 in FY 2026 to $3,280 in FY 2027. Since FY 2023 it has risen 36.1%.

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