Real Estate Investing in Miami, Florida (33129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33129 (Miami, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.0% of homes vacant — above national norms.
What’s happening in Miami, FL (33129)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33129 Miami
ZIP 33129 in Miami, FL carries a solid set of headwinds. Home values near $690K and rents of $3,599/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 33129 can be a an appealing option for hunting ground — but the discount at $690K reflects genuine risk that outside investors often underestimate.
On balance, 33129 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.
A robust renter share of 53% in 33129 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 33129 is an operator game, not a passive one. From an investor standpoint, entry prices of $690K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Miami:
Property Strategy for 33129
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $417,884 | $2,580 | 4.4% | +8.8% | $417,884 |
| 2BR | $690,160 | $3,150 | 3.3% | +8.5% | $345,080 |
| 3BR | $1,174,423 | $4,040 | 2.5% | +10.0% | $391,474 |
| 4BR | $1,664,650 | $4,670 | 2.0% | +12.4% | $416,163 |
| 5BR | $3,057,746 | — | — | +13.9% | $611,549 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33129 Compare?
| Metric | 33129 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $689,590 | $623,076 | N/A | $374,697 |
| 5-Year CAGR | 6.3% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,599 | $2,887 | N/A | - |
| Cap Rate | 4.1% | 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 33129 (Miami, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33129 (Miami, FL)?
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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 | $689,590 |
| Monthly Rent | $3,599 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 Rent Trends
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | N/A |
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 33129
Population: 14,717
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 33129
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PHYLLIS WHEATLEY ELEMENTARY SCHOOL
ADA MERRITT K-8 CENTER
AUBURNDALE ELEMENTARY SCHOOL
NEW WORLD SCHOOL OF THE ARTS
YOUNG WOMENS PREPARATORY ACADEMY
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 is the renter demographic in Miami, FL?
Miami, FL draws a reliable base of working renters. Demand at the $3,599/mo rent level is reasonable for standard single-family and small multi rentals.
Is FL a landlord-friendly state?
Rental owners in Miami, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How expensive is real estate in Miami, FL?
Miami, FL home values average about $690K. That price point suits investors targeting rentals with $3,599/mo in monthly income.
Is Miami, FL suited for a house hack?
House hacking in Miami, FL is a challenging. With home values around $690K and rents at $3,599/mo, owner-occupants can offset a meaningful share of PITI.
How much is rent in Miami, FL?
Expect rents around $3,599/mo per month in Miami, FL. With home values at $690K, the yield math works out to reasonable levels for rental investors.
You know 33129 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33129 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33129 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
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