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Miami-Dade County/Miami/33179

33179

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$2,100$1,570
1 BR$2,280$1,920
2 BR$2,760$2,540
3 BR$3,530$3,640
4 BR$4,040$4,290
5 BR$4,646Not available
6 BR$5,343Not available
7 BR$6,144Not available
8 BR$7,066Not available

Purchase Price Calculator

Maximum purchase price
$315,526

Cost breakdown

+Likely effective rent$2,540
HUD FMR$2,760
Market rentUsed$2,540
Est. payment standard (95%)$2,620
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.34
1 BR
1.19
2 BR
1.09
3 BR
0.95
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33179 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33179 (Miami, FL) is $2,760 a month. That is up 3.4% from $2,670 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, 33179 has the 36th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33179 is 87% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33179
BedroomsFY 2027Change90–110% range
Studio$2,100+5.0%$1,890–$2,310
1BR$2,280+4.1%$2,052–$2,508
2BR$2,760+3.4%$2,484–$3,036
3BR$3,530+2.9%$3,177–$3,883
4BR$4,040+2.0%$3,636–$4,444

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33179
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,100$2,280$2,760$3,530$4,040
FY 2026$2,000$2,190$2,670$3,430$3,960
FY 2025$1,650$1,830$2,250$2,910$3,410
FY 2024$1,600$1,790$2,210$2,880$3,410
FY 2023$1,340$1,520$1,890$2,490$2,950

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33179
33173$2,860+3.6%
33174$2,600−5.8%
33175$2,820+2.2%
33176$2,620−5.1%
33177$3,030+9.8%
33178$3,770+36.6%
33179Current$2,760—
33180$3,800+37.7%
33181$2,450−11.2%
33182$3,390+22.8%
33183$2,730−1.1%
33184$2,850+3.3%

Questions about ZIP 33179 rents

How much will Section 8 pay for a two-bedroom in ZIP 33179?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,760, that basic range is $2,484 to $3,036 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 33179 in?

ZIP 33179 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 33179 for FY 2027?

The two-bedroom FMR rose 3.4%, from $2,670 in FY 2026 to $2,760 in FY 2027. Since FY 2023 it has risen 46.0%.

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