Real Estate Investing in Miami, Florida (33128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33128 (Miami, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
- 1-year downturn: Values declined 3.4% in the last year.
- Lower household income: $33,697 median — tenant affordability is tighter.
What’s happening in Miami, FL (33128)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33128 Miami
The 33128 ZIP covers a section of Miami that demands careful diligence. Prices near $433K look accessible, but the work to make a deal cash flow is real.
From an investor standpoint, the numbers look inviting — $433K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33128 is substantial and deserves full respect.
From an investor standpoint, 33128 offers a low basis, the region around Miami has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 33128 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. notable returns are possible in 33128, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Miami:
Property Strategy for 33128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $391,009 | $1,560 | 2.9% | +7.2% | $391,009 |
| 2BR | $332,789 | $1,910 | 4.1% | +6.2% | $166,394 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33128 Compare?
| Metric | 33128 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $433,117 | $623,076 | N/A | $374,697 |
| 5-Year CAGR | 4.9% | 7.1% | N/A | 7.4% |
| Avg Rent | $2,681 | $2,887 | N/A | - |
| Cap Rate | 4.8% | 3.9% | - | - |
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 33128 (Miami, FL). Anonymous, moderated, never written by AI.
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Property managers serving Miami-Dade County
Manage rentals here? List your business →Cadisa Inc. specializes in delivering reliable, hands-on property management solutions for condominium associations, commercial buildings, and multifamily communities across South Florida, with a focu summary from their website
Florida Property Management Strategies is a boutique community association management firm serving select communities in Miami, built on responsiveness and supported by systems for smooth community op summary from their website
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
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 | $433,117 |
| Monthly Rent | $2,681 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -3.4% ▼ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | -5.3% ▼ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 33128
Population: 9,018
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 33128
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ENEIDA M. HARTNER ELEMENTARY SCHOOL
LENORA BRAYNON SMITH ELEMENTARY
PAUL LAURENCE DUNBAR K-8 CENTER
PHYLLIS WHEATLEY ELEMENTARY SCHOOL
ADA MERRITT K-8 CENTER
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 3,269 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What strategy should investors use in Miami, FL?
In Miami, FL the notable play is typically careful cash-flow rentals with hands-on management. The combination of $433K prices and $2,681/mo rents suits that approach.
How strict are landlord regulations in Miami, FL?
Miami, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What kind of tenants rent in Miami, FL?
The renter base in Miami, FL is reasonable for the $2,681/mo price point. Screening well and pricing to market typically yields consistent tenants.
How does Miami, FL stack up for property investment?
The 3.0/5 investability rating in Miami, FL reflects its $433K prices and $2,681/mo rents. Investors generally consider it a solid option within FL.
Is housing expensive in Miami, FL?
Expect median prices around $433K in Miami, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 33128 now. You don’t know where it ranks.
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How 33128 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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