Location: Miami-Miami Beach-Kendall, FL | Metro: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,590 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,090 |
| 3 Bedrooms | $2,670 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,090 | $371,638 | 0.56% | F |
| 3BR | $2,670 | $435,214 | 0.61% | D |
| 4BR | $3,060 | $488,604 | 0.63% | D |
| 5BR | $3,550 | $556,210 | 0.64% | D |
U.S. Census Bureau data (2024)
ZIP code 33054, located in Opa-locka, FL, falls within the larger Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. To understand its position within this metro area, let's examine the specific figures provided.
The Fair Market Rent (FMR) for ZIP 33054 in fiscal year 2024 is set at $1,780. This figure represents the threshold above which housing is considered unaffordable for low-income renters receiving federal assistance. In comparison to the typical market rent of $2,466, it's evident that 33054 offers rental properties at a lower cost, making it attractive for both landlords and tenants seeking affordable options.
The median home value in 33054 is $416,212, which is notably lower than many other ZIP codes within the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. This suggests that 33054 could be classified as a value pocket within the metro, offering homeownership opportunities at a more accessible price point.
A significant portion of the residents in 33054 are renters, with a 51.6% renter share. This high percentage indicates a strong demand for rental properties in the area. When combined with the relatively low home values and FMR, it points to a potential sweet spot for Section 8 landlords. The high renter share and lower-than-average home values suggest that there is a substantial market for federally subsidized rentals, making it an ideal location for investors looking to capitalize on the demand for affordable housing.
To summarize, ZIP 33054 stands out as a value pocket within the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. It offers rental properties at a lower cost compared to the average market rent, has a lower median home value, and a high renter share. These characteristics make it particularly appealing for Section 8 real estate investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.