Real Estate Investing in Miami, Florida (33131)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33131 (Miami, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 32.6% of homes vacant — above national norms.
What’s happening in Miami, FL (33131)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33131 Miami
The 33131 ZIP covers a section of Miami that demands careful diligence. Prices near $587K look accessible, but the work to make a deal cash flow is real.
Rent of $3,815/mo on a $587K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33131 sits below the stated 0.0% once reality is priced in.
Within FL, ZIP 33131 trails on several market indicators that neighboring Miami-Dade County submarkets outperform. The gap is real and substantial enough to shape underwriting.
On balance, 23,289 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. resilient returns are possible in 33131, 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 33131
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $450,143 | $2,990 | 4.8% | +8.8% | $450,143 |
| 2BR | $702,361 | $3,650 | 3.7% | +7.3% | $351,180 |
| 3BR | $1,420,551 | $4,680 | 2.4% | +9.6% | $473,517 |
| 4BR | $3,488,446 | $5,410 | 1.1% | +9.7% | $872,112 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33131 Compare?
| Metric | 33131 | Miami | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $587,486 | $623,076 | N/A | $374,697 |
| 5-Year CAGR | 6.4% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,815 | $2,887 | N/A | - |
| Cap Rate | 5.1% | 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 33131 (Miami, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33131 (Miami, FL)?
~25 seconds · no account needed · your report is anonymous
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 | $587,486 |
| Monthly Rent | $3,815 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 33131
Population: 23,289
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 33131
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PHYLLIS WHEATLEY ELEMENTARY SCHOOL
ADA MERRITT K-8 CENTER
MIAMI BEACH FEINBERG/FISHER K-8
MIAMI BEACH SOUTH POINTE ELEMENTARY SCHOOL
NEW WORLD SCHOOL OF THE ARTS
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
How much rent can I charge in Miami, FL?
Rents in Miami, FL run near $3,815/mo. Compared with median home prices of $587K that produces solid gross yields for typical rentals.
What is the typical renter like in Miami, FL?
Miami, FL offers a predictable renter base at the $3,815/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong is Miami, FL for real estate investors?
Miami, FL rates 3.0/5 for investability. With median values at $587K and rents near $3,815/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in Miami, FL?
Homes in Miami, FL typically sell near $587K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What is the typical vacancy rate in Miami, FL?
Miami, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 33131 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33131 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 33131 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33131 (Miami)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33131 (Miami, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.