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Miami-Dade County/Miami/33189

33189

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,780$1,590
1 BR$1,940$1,770
2 BR$2,340$2,570
3 BR$2,990$3,090
4 BR$3,420$3,470
5 BR$3,933Not available
6 BR$4,523Not available
7 BR$5,201Not available
8 BR$5,982Not available

Purchase Price Calculator

Maximum purchase price
$319,984

Cost breakdown

+Likely effective rent$2,570
HUD FMR$2,340
Market rent$2,750
Est. payment standard (110%)Used$2,570
-Principal and interest-$1,618
Loan amount$255,988
Down payment$63,997
Rate6.50%
Term30 years
-Operating costs-$752
Property taxes-$320
Insurance-$175
Utilities$0
HOA$0
Management-$257
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,975(64.0% ROI)
Projected value
$344,588
Return breakdown
Property appreciation+$24,604
Loan principal paid down+$9,171
Rental cash flow+$7,200
5-year hold
+$70,404(110.0% ROI)
Projected value
$362,033
Return breakdown
Property appreciation+$42,049
Loan principal paid down+$16,355
Rental cash flow+$12,000
10-year hold
+$152,594(238.4% ROI)
Projected value
$409,607
Return breakdown
Property appreciation+$89,623
Loan principal paid down+$38,971
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.12
1 BR
1.10
2 BR
0.85
3 BR
0.95
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33189 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33189 (Miami, FL) is $2,340 a month. That is up 4.0% from $2,250 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, 33189 has the 99th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33189 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33189
BedroomsFY 2027Change90–110% range
Studio$1,780+5.3%$1,602–$1,958
1BR$1,940+5.4%$1,746–$2,134
2BR$2,340+4.0%$2,106–$2,574
3BR$2,990+3.5%$2,691–$3,289
4BR$3,420+2.4%$3,078–$3,762

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33189
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,780$1,940$2,340$2,990$3,420
FY 2026$1,690$1,840$2,250$2,890$3,340
FY 2025$1,620$1,790$2,200$2,840$3,330
FY 2024$1,590$1,780$2,200$2,870$3,400
FY 2023$1,300$1,480$1,840$2,420$2,870

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33189
33182$3,390+44.9%
33183$2,730+16.7%
33184$2,850+21.8%
33185$3,850+64.5%
33186$2,800+19.7%
33187$3,050+30.3%
33189Current$2,340—
33190$2,520+7.7%
33192$2,560+9.4%
33193$2,590+10.7%
33194$3,800+62.4%
33195$2,560+9.4%

Questions about ZIP 33189 rents

How much will Section 8 pay for a two-bedroom in ZIP 33189?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,340, that basic range is $2,106 to $2,574 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 33189 in?

ZIP 33189 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 33189 for FY 2027?

The two-bedroom FMR rose 4.0%, from $2,250 in FY 2026 to $2,340 in FY 2027. Since FY 2023 it has risen 27.2%.

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