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Miami-Dade County/Miami/33191

33191

ZIPFMR
Miami-Dade County, FL
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,953$2,150
1 BR$2,121$2,330
2 BR$2,564$2,820
3 BR$3,277$3,600
4 BR$3,749$4,120
5 BR$4,311Not available
6 BR$4,958Not available
7 BR$5,702Not available
8 BR$6,557Not available

Purchase Price Calculator

Maximum purchase price
$357,134

Cost breakdown

+Likely effective rent$2,820
HUD FMR$2,564
Market rent$3,650
Est. payment standard (110%)Used$2,820
-Principal and interest-$1,806
Loan amount$285,707
Down payment$71,427
Rate6.50%
Term30 years
-Operating costs-$814
Property taxes-$357
Insurance-$175
Utilities$0
HOA$0
Management-$282
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,896(62.9% ROI)
Projected value
$384,595
Return breakdown
Property appreciation+$27,460
Loan principal paid down+$10,236
Rental cash flow+$7,200
5-year hold
+$77,184(108.1% ROI)
Projected value
$404,065
Return breakdown
Property appreciation+$46,930
Loan principal paid down+$18,254
Rental cash flow+$12,000
10-year hold
+$167,524(234.5% ROI)
Projected value
$457,162
Return breakdown
Property appreciation+$100,028
Loan principal paid down+$43,496
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.71
2 BR
0.70
3 BR
0.69
4 BR
0.70
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 33191 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 33191 (Miami, FL) is $2,564 a month. 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. The median county two-bedroom FMR in Florida is $1,474, so ZIP 33191 is 74% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33191
BedroomsFY 202790–110% range
Studio$1,953$1,758–$2,148
1BR$2,121$1,909–$2,333
2BR$2,564$2,308–$2,820
3BR$3,277$2,949–$3,605
4BR$3,749$3,374–$4,124

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33191
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,953$2,121$2,564$3,277$3,749
FY 2026SAFMR$1,830$2,000$2,440$3,130$3,620
FY 2025SAFMR$1,710$1,900$2,330$3,010$3,530
FY 2024SAFMR$1,680$1,880$2,320$3,020$3,580
FY 2023SAFMR$1,360$1,540$1,920$2,530$2,990

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about ZIP 33191 rents

How much will Section 8 pay for a two-bedroom in ZIP 33191?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,564, that basic range is $2,308 to $2,820 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 33191 in?

ZIP 33191 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.

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 Fair Market Rents. 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