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Miami-Dade County/Miami/33193

33193

ZIPSAFMR
Miami-Dade County, FL
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,970$1,740
1 BR$2,140$1,950
2 BR$2,590$2,830
3 BR$3,310$3,420
4 BR$3,790$4,020
5 BR$4,359Not available
6 BR$5,012Not available
7 BR$5,764Not available
8 BR$6,629Not available

Purchase Price Calculator

Maximum purchase price
$358,620

Cost breakdown

+Likely effective rent$2,830
HUD FMR$2,590
Market rent$2,960
Est. payment standard (109%)Used$2,830
-Principal and interest-$1,813
Loan amount$286,896
Down payment$71,724
Rate6.50%
Term30 years
-Operating costs-$817
Property taxes-$359
Insurance-$175
Utilities$0
HOA$0
Management-$283
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,053(62.8% ROI)
Projected value
$386,195
Return breakdown
Property appreciation+$27,575
Loan principal paid down+$10,279
Rental cash flow+$7,200
5-year hold
+$77,456(108.0% ROI)
Projected value
$405,746
Return breakdown
Property appreciation+$47,126
Loan principal paid down+$18,330
Rental cash flow+$12,000
10-year hold
+$168,121(234.4% ROI)
Projected value
$459,064
Return breakdown
Property appreciation+$100,444
Loan principal paid down+$43,677
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.10
2 BR
0.88
3 BR
0.95
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33193 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33193 (Miami, FL) is $2,590 a month. That is down 1.1% from $2,620 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, 33193 has the 47th-highest two-bedroom rent (county range $2,010–$3,850). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33193 is 76% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33193
BedroomsFY 2027Change90–110% range
Studio$1,9700.0%$1,773–$2,167
1BR$2,140−0.5%$1,926–$2,354
2BR$2,590−1.1%$2,331–$2,849
3BR$3,310−1.5%$2,979–$3,641
4BR$3,790−2.6%$3,411–$4,169

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33193
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,970$2,140$2,590$3,310$3,790
FY 2026$1,970$2,150$2,620$3,360$3,890
FY 2025$1,760$1,960$2,400$3,100$3,630
FY 2024$1,720$1,920$2,370$3,090$3,660
FY 2023$1,440$1,630$2,030$2,670$3,160

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33193
33185$3,850+48.6%
33186$2,800+8.1%
33187$3,050+17.8%
33189$2,340−9.7%
33190$2,520−2.7%
33192$2,560−1.2%
33193Current$2,590—
33194$3,800+46.7%
33195$2,560−1.2%
33196$3,090+19.3%
33197$2,560−1.2%
33198$2,560−1.2%

Questions about ZIP 33193 rents

How much will Section 8 pay for a two-bedroom in ZIP 33193?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,590, that basic range is $2,331 to $2,849 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 33193 in?

ZIP 33193 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 33193 for FY 2027?

The two-bedroom FMR fell 1.1%, from $2,620 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 27.6%.

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