Location: Miami-Miami Beach-Kendall, FL | Metro: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,950 |
| 1 Bedroom | $2,120 |
| 2 Bedrooms | $2,560 |
| 3 Bedrooms | $3,270 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
$2320 is the Fair Market Rent (FMR) for ZIP 33269 in Florida for fiscal year 2024, indicating the government-set maximum rent for a two-bedroom apartment under the Section 8 program.
The lack of specific market rent data suggests limited availability of private sector rental information for ZIP 33269, possibly due to a smaller rental market or less comprehensive reporting.
The absence of median home value data implies that there may be fewer home sales reported in ZIP 33269, making it difficult to establish a precise median home value for the area.
With no available data on the percentage of renters, it's unclear how many residents in ZIP 33269 rely on rental housing. However, given the high FMR, it's reasonable to infer that rental housing is a significant component of the local real estate market.
The median income figure is also unavailable, which might indicate a diverse economic landscape where income levels vary widely, or it could suggest a lack of detailed demographic reporting for ZIP 33269.
Absence of specific Days on Market (DOM) data means we cannot provide a concrete timeframe for how long homes typically stay on the market in ZIP 33269, though the high FMR suggests a potentially robust rental market.
No information on the percentage of homes that have been price-cut indicates a stable pricing environment, or it could simply mean that such data is not widely reported for this ZIP code.
In ZIP 33269, the Fair Market Rent of $2320 aligns closely with the needs of low-income families eligible for the Section 8 program, ensuring affordability while maintaining a competitive position in the rental market.
Section 8 Verdict: ZIP 33269 presents a viable opportunity for landlords and small-portfolio investors looking to capitalize on the Section 8 program, with a well-defined FMR and potential for steady occupancy.
Data Sources: FMR data from HUD (2027).
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.