Real Estate Investing in Miramar, Florida (33023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33023 (Miramar, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Miramar, FL (33023)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33023 Miramar
Investors eyeing 33023 need to respect the fundamentals at play. Home values of $459K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 33023 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 33023 sits on the difficult end of the FL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 33023 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Miramar's stable or hybrid ZIPs before stepping into 33023. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Miramar:
Property Strategy for 33023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $167,414 | $1,820 | 7.8% | +6.4% | $167,414 |
| 2BR | $384,285 | $2,230 | 4.2% | +9.4% | $192,142 |
| 3BR | $477,011 | $3,070 | 4.6% | +9.4% | $159,004 |
| 4BR | $525,945 | $3,640 | 5.0% | +9.5% | $131,486 |
| 5BR | $556,033 | — | — | +9.7% | $111,207 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33023 Compare?
| Metric | 33023 | Miramar | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $458,511 | $441,481 | N/A | $374,697 |
| 5-Year CAGR | 6.7% | 5.6% | N/A | 7.4% |
| Avg Rent | $2,418 | $2,582 | N/A | - |
| Cap Rate | 4.1% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33023 (Miramar, FL). Anonymous, moderated, never written by AI.
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Property managers serving Broward County
Manage rentals here? List your business →Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude summary from their website
State Street Property Management offers property management services for owners, tenants, and associations. summary from their website
West Broward Community Management provides customized community association management services in Plantation, FL, including accounting, inspections, and handling owner/tenant requests. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $458,511 |
| Monthly Rent | $2,418 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 Rent Trends
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +6.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33023
Population: 70,914
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33023
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
SHERIDAN TECHNICAL COLLEGE
HOLLYWOOD HILLS ELEMENTARY SCHOOL
ORANGE BROOK ELEMENTARY SCHOOL
SHERIDAN HILLS ELEMENTARY SCHOOL
ANDOVER MIDDLE SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 734 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Miramar in FL worth investing in?
Our data puts Miramar, FL at 3.0/5 for investability. Home prices of $459K and rents around $2,418/mo create a solid backdrop for investor activity.
How do home values compare in Miramar, FL?
Homes in Miramar, FL typically sell near $459K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How much do tenants pay in Miramar, FL?
Rent in Miramar, FL is around $2,418/mo. The resulting rent-to-value relationship with $459K pricing is reasonable for most investor models.
Is the tenant base reliable in Miramar, FL?
Tenant demand in Miramar, FL is solid. The local workforce $2,418/mo rents across most rental classes.
What strategy should investors use in Miramar, FL?
A careful cash-flow rentals with hands-on management strategy Miramar, FL best. The market produces even-keeled results for that approach at the $459K price point.
You know 33023 now. You don’t know where it ranks.
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How 33023 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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