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 | $1,650 |
| 1 Bedroom | $1,800 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,770 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,170 | $389,354 | 0.56% | F |
| 3BR | $2,770 | $472,380 | 0.59% | F |
| 4BR | $3,170 | $538,646 | 0.59% | F |
| 5BR | $3,677 | $605,091 | 0.61% | D |
U.S. Census Bureau data (2024)
The classification of ZIP code 33167, located in Westview, Florida, reveals a market that leans towards providing steady cash flow rather than high-yield, low-stability opportunities. The key figures driving this assessment include the Fair Market Rent (FMR) of $2040 for fiscal year 2024, the median market rent of $2,875, and the median home value of $462,260.
On the yield axis, the FMR of $2040 is significantly lower than the market rent of $2,875, indicating that properties could potentially be rented above the FMR level, thus offering some profit margin. However, the median home value suggests a relatively expensive market, which might limit the number of high-yield properties available for investment.
Moving to the stability axis, the data shows that 35.5% of residents are renters. This percentage is moderate and implies a stable demand for rental properties. Additionally, the average household income of $62,846 supports the ability of residents to afford rent, further reinforcing the stability of the rental market.
The lack of data on the average days on market (DOM) makes it challenging to assess the turnover rate of rental properties. However, given the other indicators, it's reasonable to infer that while the market offers decent yields, it also provides a stable environment for landlords and small-portfolio investors. The higher market rent compared to the FMR allows for positive cash flow, but the relatively high home values suggest that this area is not prone to rapid flipping or speculative investments.
In summary, ZIP 33167 presents a balanced opportunity where landlords can expect steady cash flow with moderate yields, without the risk factors associated with highly volatile markets. The figures indicate a market suitable for long-term investment strategies aimed at consistent returns.
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.