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Miami-Dade County/Miami/33177

33177

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$2,310$1,450
1 BR$2,510$1,870
2 BR$3,030$2,900
3 BR$3,870$3,360
4 BR$4,430$4,560
5 BR$5,095Not available
6 BR$5,859Not available
7 BR$6,737Not available
8 BR$7,748Not available

Purchase Price Calculator

Maximum purchase price
$369,022

Cost breakdown

+Likely effective rent$2,900
HUD FMR$3,030
Market rentUsed$2,900
Est. payment standard (97%)$2,950
-Principal and interest-$1,866
Loan amount$295,218
Down payment$73,804
Rate6.50%
Term30 years
-Operating costs-$834
Property taxes-$369
Insurance-$175
Utilities$0
HOA$0
Management-$290
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,151(62.5% ROI)
Projected value
$397,397
Return breakdown
Property appreciation+$28,374
Loan principal paid down+$10,577
Rental cash flow+$7,200
5-year hold
+$79,354(107.5% ROI)
Projected value
$417,515
Return breakdown
Property appreciation+$48,493
Loan principal paid down+$18,862
Rental cash flow+$12,000
10-year hold
+$172,301(233.5% ROI)
Projected value
$472,380
Return breakdown
Property appreciation+$103,357
Loan principal paid down+$44,944
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.59
1 BR
1.34
2 BR
1.04
3 BR
1.15
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33177 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33177 (Miami, FL) is $3,030 a month. That is up 4.5% from $2,900 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, 33177 has the 22nd-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33177 is 106% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33177
BedroomsFY 2027Change90–110% range
Studio$2,310+6.0%$2,079–$2,541
1BR$2,510+5.9%$2,259–$2,761
2BR$3,030+4.5%$2,727–$3,333
3BR$3,870+4.0%$3,483–$4,257
4BR$4,430+3.0%$3,987–$4,873

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33177
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,310$2,510$3,030$3,870$4,430
FY 2026$2,180$2,370$2,900$3,720$4,300
FY 2025$2,060$2,280$2,800$3,620$4,240
FY 2024$2,020$2,260$2,790$3,630$4,310
FY 2023$1,230$1,400$1,740$2,290$2,710

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33177
33172$2,950−2.6%
33173$2,860−5.6%
33174$2,600−14.2%
33175$2,820−6.9%
33176$2,620−13.5%
33177Current$3,030—
33178$3,770+24.4%
33179$2,760−8.9%
33180$3,800+25.4%
33181$2,450−19.1%
33182$3,390+11.9%
33183$2,730−9.9%

Questions about ZIP 33177 rents

How much will Section 8 pay for a two-bedroom in ZIP 33177?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,030, that basic range is $2,727 to $3,333 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 33177 in?

ZIP 33177 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 33177 for FY 2027?

The two-bedroom FMR rose 4.5%, from $2,900 in FY 2026 to $3,030 in FY 2027. Since FY 2023 it has risen 74.1%.

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