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 | $2,720 |
| 1 Bedroom | $2,950 |
| 2 Bedrooms | $3,570 |
| 3 Bedrooms | $4,560 |
| 4 Bedrooms | $5,220 |
| 5 Bedrooms | $6,055 |
| 6 Bedrooms | $6,782 |
| 7 Bedrooms | $7,325 |
| 8 Bedrooms | $7,691 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,950 | $338,629 | 0.87% | C |
| 2BR | $3,570 | $898,191 | 0.4% | F |
| 3BR | $4,560 | $3,191,245 | 0.14% | F |
| 4BR | $5,220 | $5,900,371 | 0.09% | F |
| 5BR | $6,055 | $11,685,348 | 0.05% | F |
U.S. Census Bureau data (2024)
ZIP 33139, located in Miami Beach, FL, presents an intriguing opportunity for inclusion in a Section 8 portfolio strategy. This area is best suited as a cash-flow anchor. The rationale behind this classification lies in the favorable financial metrics that underpin the stability and profitability of rental properties.
The Fair Market Rent (FMR) for ZIP 33139 in fiscal year 2024 is set at $3390, which is notably higher than the average market rent of $2925. This spread indicates that landlords participating in the Section 8 program can expect to receive rents that exceed the local market rates, thereby providing a consistent and reliable source of income. Given the high median home value of $459,382, the disparity between the FMR and market rent underscores the potential for steady cash flow, making this ZIP code an ideal choice for securing long-term financial stability.
To further support the role of ZIP 33139 as a cash-flow anchor, consider the following points:
The median household income in the area is $69,793, which suggests a demographic capable of affording the rents supported by the Section 8 program. This economic profile minimizes the risk of tenant default and ensures a stable occupancy rate.
The 62.8% renter share highlights a significant portion of the population that relies on rental housing, including those who benefit from the Section 8 voucher program. This high demand for rental units bolsters the attractiveness of the ZIP code as a cash-flow anchor.
Average Days on Market (DOM) of 102 days and a 0.2% price-cut share indicate that properties in this area sell without significant discounts and relatively quickly. While these factors are more indicative of a short-term investment play, they also suggest a robust real estate market that supports property values and, consequently, the long-term viability of rental investments.
In conclusion, ZIP 33139 serves as a strong cash-flow anchor within a Section 8 portfolio strategy due to its advantageous financial metrics and stable economic conditions. Landlords and small-portfolio investors should leverage this opportunity to secure a dependable and profitable asset.
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.