Location: Miami-Miami Beach-Kendall, FL | Metro: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,950 |
| 1 Bedroom | $2,120 |
| 2 Bedrooms | $2,560 |
| 3 Bedrooms | $3,270 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
ZIP 33039 is located in Homestead, Florida, and represents a neighborhood with limited demographic data available. The median income and home values are currently listed as N/A, indicating a lack of reliable statistical information. However, the percentage of renters and total number of households are also listed as N/A, suggesting a significant portion of the population might be renting.
The Fair Market Rent (FMR) for ZIP 33039 in fiscal year 2024 is set at $2320. This figure serves as a benchmark for understanding the rental market dynamics in the area, though the actual market rent remains unspecified. Given the absence of specific market rent data, it's reasonable to assume that the FMR is indicative of the general rental environment.
Considering the practical implications for Section 8 investors, ZIP 33039 appears to be more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The lack of detailed demographic and economic data suggests that the area may not offer the same level of opportunities for active property management and value enhancement that other neighborhoods might provide. Instead, the stability implied by the FMR and the likely high percentage of renters make it a viable option for passive investment strategies focused on long-term rental income.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.