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Miami-Dade County/Miami/33184

33184

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$2,170$1,470
1 BR$2,360$1,640
2 BR$2,850$2,630
3 BR$3,640$3,630
4 BR$4,170$4,380
5 BR$4,796Not available
6 BR$5,515Not available
7 BR$6,342Not available
8 BR$7,293Not available

Purchase Price Calculator

Maximum purchase price
$328,900

Cost breakdown

+Likely effective rent$2,630
HUD FMR$2,850
Market rentUsed$2,630
Est. payment standard (95%)$2,710
-Principal and interest-$1,663
Loan amount$263,120
Down payment$65,780
Rate6.50%
Term30 years
-Operating costs-$767
Property taxes-$329
Insurance-$175
Utilities$0
HOA$0
Management-$263
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,916(63.7% ROI)
Projected value
$354,190
Return breakdown
Property appreciation+$25,289
Loan principal paid down+$9,427
Rental cash flow+$7,200
5-year hold
+$72,031(109.5% ROI)
Projected value
$372,121
Return breakdown
Property appreciation+$43,220
Loan principal paid down+$16,811
Rental cash flow+$12,000
10-year hold
+$156,177(237.4% ROI)
Projected value
$421,020
Return breakdown
Property appreciation+$92,120
Loan principal paid down+$40,057
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.48
1 BR
1.44
2 BR
1.08
3 BR
1.00
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33184 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33184 (Miami, FL) is $2,850 a month. That is up 1.8% from $2,800 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, 33184 has the 29th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33184 is 93% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33184
BedroomsFY 2027Change90–110% range
Studio$2,170+3.3%$1,953–$2,387
1BR$2,360+3.1%$2,124–$2,596
2BR$2,850+1.8%$2,565–$3,135
3BR$3,640+1.4%$3,276–$4,004
4BR$4,170+0.5%$3,753–$4,587

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33184
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,170$2,360$2,850$3,640$4,170
FY 2026$2,100$2,290$2,800$3,590$4,150
FY 2025$2,020$2,240$2,750$3,550$4,160
FY 2024$1,960$2,200$2,710$3,530$4,180
FY 2023$1,580$1,790$2,230$2,930$3,480

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33184
33178$3,770+32.3%
33179$2,760−3.2%
33180$3,800+33.3%
33181$2,450−14.0%
33182$3,390+18.9%
33183$2,730−4.2%
33184Current$2,850—
33185$3,850+35.1%
33186$2,800−1.8%
33187$3,050+7.0%
33189$2,340−17.9%
33190$2,520−11.6%

Questions about ZIP 33184 rents

How much will Section 8 pay for a two-bedroom in ZIP 33184?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,850, that basic range is $2,565 to $3,135 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 33184 in?

ZIP 33184 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 33184 for FY 2027?

The two-bedroom FMR rose 1.8%, from $2,800 in FY 2026 to $2,850 in FY 2027. Since FY 2023 it has risen 27.8%.

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