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 | $2,470 |
| 1 Bedroom | $2,700 |
| 2 Bedrooms | $3,290 |
| 3 Bedrooms | $4,220 |
| 4 Bedrooms | $4,870 |
| 5 Bedrooms | $5,649 |
| 6 Bedrooms | $6,327 |
| 7 Bedrooms | $6,833 |
| 8 Bedrooms | $7,175 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $4,220 | $1,236,491 | 0.34% | F |
| 4BR | $4,870 | $1,354,265 | 0.36% | F |
| 5BR | $5,649 | $1,756,139 | 0.32% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 33158 is poised for continued stability and potentially upward pressure on home values over the next 12 to 24 months. With a median home value of $1,346,468, the area demonstrates a high-end market that has seen minimal price adjustments, as evidenced by only 0.2% of listings being reduced. This indicates a robust seller's market where pricing power remains strong. Landlords and small-portfolio investors can expect to maintain their current pricing levels without significant concessions.
The median days on market (DOM) being listed as N/A suggests a brisk pace of sales, further supporting the idea that homes in ZIP 33158 are highly desirable and quickly snapped up by buyers. This rapid turnover is a positive sign for both property owners and investors looking to capitalize on the demand for high-value properties in the area.
On the rental side, the Fair Market Rent (FMR) for ZIP 33158 in fiscal year 2024 is set at $3,490, while the current market rate according to the Census ACS is slightly higher at $3,501. The near parity between FMR and market rates signals a balanced rental market, with landlords maintaining competitive rents without substantial downward pressure. For long-term investors, this suggests a stable income stream from rental properties, with little risk of significant rent decreases.
In terms of appreciation potential, the setup points toward a modest growth scenario. The high median home value combined with the low percentage of price reductions and brisk sales pace implies that there is limited room for substantial price increases. However, the steady demand and slight premium in market rents over FMR suggest that property values could appreciate at a conservative rate, likely in line with inflation and general economic growth. Long-hold investors should anticipate a realistic appreciation thesis centered around maintaining capital value rather than experiencing dramatic increases.
Overall, the data paints a picture of a resilient market in ZIP 33158, where both homeowners and investors can expect to retain their current pricing and rental power, with gradual appreciation forming a solid basis for long-term investment strategies.
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.