Section 8 Fair Market Rent (FMR) for ZIP 33180 - 2027

Location: Miami-Miami Beach-Kendall, FL | Metro: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area

Investment Score for ZIP 33180

Monthly Rent (2BR)

$3,800

Median Price (2BR)

$411,007

1% Rule

0.92%

Annual Yield

11.09%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,890
1 Bedroom	$3,140
2 Bedrooms	$3,800
3 Bedrooms	$4,860
4 Bedrooms	$5,560
5 Bedrooms	$6,450
6 Bedrooms	$7,224
7 Bedrooms	$7,802
8 Bedrooms	$8,192

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$3,140	$244,686	1.28%	A
2BR	$3,800	$411,007	0.92%	C
3BR	$4,860	$711,948	0.68%	D
4BR	$5,560	$1,423,892	0.39%	F
5BR	$6,450	$1,970,549	0.33%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

34,147

Median Household Income

$91,055

Housing Units

20,753

Renter Percentage

38.7%

Occupancy Rate

67.8%

Renter Occupied

5,443

Aventura, FL, represented by ZIP code 33180, is a high-end residential and commercial area known for its luxury shopping centers, upscale dining, and affluent lifestyle. The real estate market here reflects these characteristics, with both rental and homeownership values being significantly higher than national averages.

The Fair Market Rent (FMR) for ZIP 33180 in fiscal year 2024 is set at $3,290, indicating the government's benchmark for affordability in the area.
The market rent, as measured by Zillow's ZORI (Zestimate Rent Index), stands at $3,053, which is slightly below the FMR but still represents a robust rental market.
The median home value in Aventura is $465,310, reflecting the overall expensive nature of the housing market.
Renters make up 38.7% of the population, showing that there is a significant demand for rental properties in the area.
The days on market (DOM) for homes in Aventura average 149 days, suggesting a moderate pace of sales activity.
The median household income in the ZIP is $91,055, providing insight into the economic strength and purchasing power of the local residents.

The data points highlight a strong rental market with healthy demand and relatively high rents, although they are somewhat lower than the government's FMR benchmark. This suggests that while the area is expensive, it remains attractive to renters. The median home value indicates a premium property market, suitable for those looking to invest in high-value assets. With nearly 40% of the population renting, the area offers good potential for rental income. However, the longer-than-average DOM for homes signals that the market may be somewhat slower for flipping or quick resale opportunities. Given the median income, there is a solid economic base supporting the high cost of living, making Aventura a viable investment location for those willing to target the upper-tier market segments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.