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 | $2,170 |
| 1 Bedroom | $2,360 |
| 2 Bedrooms | $2,850 |
| 3 Bedrooms | $3,640 |
| 4 Bedrooms | $4,170 |
| 5 Bedrooms | $4,837 |
| 6 Bedrooms | $5,417 |
| 7 Bedrooms | $5,850 |
| 8 Bedrooms | $6,143 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,360 | $194,723 | 1.21% | A |
| 2BR | $2,850 | $313,677 | 0.91% | C |
| 3BR | $3,640 | $572,871 | 0.64% | D |
| 4BR | $4,170 | $802,487 | 0.52% | F |
| 5BR | $4,837 | $1,073,003 | 0.45% | F |
U.S. Census Bureau data (2024)
2710 is the Fair Market Rent (FMR) for ZIP code 33184 in Tamiami, FL, for fiscal year 2024. This figure represents the upper limit for rental properties seeking to participate in the Section 8 program. In comparison, the market rent, measured by ZORI, stands at 3,033, indicating a significant gap between the market and government-set rates. The median home value in the area is 569,729, reflecting a diverse housing market where both rental and homeownership opportunities exist. With a renter share of 34.0%, there is a notable portion of the population leasing their homes, which could be an indicator of demand for affordable rental units. The median income of 79,784 suggests that many residents might qualify for the Section 8 program, given the eligibility criteria based on income levels. The day DOM (Days on Market) is not available, which means we cannot determine how long it typically takes for properties to sell. However, the price-cut share of 0.2% indicates that very few listings require price reductions, suggesting a robust real estate market. For landlords and small-portfolio investors considering the Section 8 program, the numbers paint a picture of a viable but competitive opportunity. The disparity between the FMR and market rent presents a chance to offer affordable housing while still receiving fair compensation. Despite the median income being relatively low, the strong housing market and high renter share make ZIP 33184 a suitable location for Section 8 participation. Verdict: ZIP 33184 is a good fit for Section 8 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.