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Miami-Dade County/Miami/33174

33174

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,980$1,790
1 BR$2,150$2,000
2 BR$2,600$2,860
3 BR$3,320$3,580
4 BR$3,800$4,110
5 BR$4,370Not available
6 BR$5,025Not available
7 BR$5,779Not available
8 BR$6,646Not available

Purchase Price Calculator

Maximum purchase price
$363,078

Cost breakdown

+Likely effective rent$2,860
HUD FMR$2,600
Market rent$3,220
Est. payment standard (110%)Used$2,860
-Principal and interest-$1,836
Loan amount$290,463
Down payment$72,616
Rate6.50%
Term30 years
-Operating costs-$824
Property taxes-$363
Insurance-$175
Utilities$0
HOA$0
Management-$286
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,524(62.7% ROI)
Projected value
$390,996
Return breakdown
Property appreciation+$27,917
Loan principal paid down+$10,407
Rental cash flow+$7,200
5-year hold
+$78,269(107.8% ROI)
Projected value
$410,790
Return breakdown
Property appreciation+$47,711
Loan principal paid down+$18,558
Rental cash flow+$12,000
10-year hold
+$169,912(234.0% ROI)
Projected value
$464,771
Return breakdown
Property appreciation+$101,693
Loan principal paid down+$44,220
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
1.07
2 BR
0.81
3 BR
0.89
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33174 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33174 (Miami, FL) is $2,600 a month. That is up 2.0% from $2,550 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, 33174 has the 46th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33174 is 76% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33174
BedroomsFY 2027Change90–110% range
Studio$1,980+3.7%$1,782–$2,178
1BR$2,150+2.9%$1,935–$2,365
2BR$2,600+2.0%$2,340–$2,860
3BR$3,320+1.5%$2,988–$3,652
4BR$3,800+0.5%$3,420–$4,180

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33174
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,980$2,150$2,600$3,320$3,800
FY 2026$1,910$2,090$2,550$3,270$3,780
FY 2025$1,680$1,870$2,290$2,960$3,470
FY 2024$1,600$1,790$2,210$2,880$3,410
FY 2023$1,320$1,500$1,870$2,460$2,910

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33174
33168$2,270−12.7%
33169$2,280−12.3%
33170$2,400−7.7%
33172$2,950+13.5%
33173$2,860+10.0%
33174Current$2,600—
33175$2,820+8.5%
33176$2,620+0.8%
33177$3,030+16.5%
33178$3,770+45.0%
33179$2,760+6.2%
33180$3,800+46.2%

Questions about ZIP 33174 rents

How much will Section 8 pay for a two-bedroom in ZIP 33174?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,600, that basic range is $2,340 to $2,860 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 33174 in?

ZIP 33174 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 33174 for FY 2027?

The two-bedroom FMR rose 2.0%, from $2,550 in FY 2026 to $2,600 in FY 2027. Since FY 2023 it has risen 39.0%.

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